InterContinental Hotels Group has sought to reassure markets with news it has secured new financing arrangements to strengthen its liquidity position.Moves include amending its syndicated revolving credit facility to include a waiver of existing covenants until December 31st next year.The…
The coronavirus will probably make travel more expensive and thus also more climate-friendly. Cheap flights at cut-rate prices will soon be the thing of the past. The future of tourism encompasses substantial changes.A recent study by the University of South…
On Monday Philippine Airlines repatriated 184 Kiwi passengers from Manila.The Airbus A350-900 flight to Auckland was an extraordinary service in many respects. As one of the newest additions to the fleet, it marked the first operation of this aircraft type…
Air New Zealand has revealed its revised global network, announcing it will not be resuming several key international routes after the coronavirus pandemic subsides.Among the routes being cut will be the key service from London to Auckland via Los Angeles…
Air New Zealand will not resume operation of its suspended Auckland-Buenos Aires and Los Angeles-London routes due to the deep impact of Covid-19 on forward travel demand.The airline has also taken the decision to postpone the commencement of its non-stop…
Virgin Australia has entered into voluntary administration, the Australian equivalent of bankruptcy.The airline plans to facilitate recapitalization so that it can emerge from the Covid-19 crisis in a stronger position. While in administration, the carrier will continue its current barebones…
The rapidly spreading coronavirus pandemic and the travel restrictions imposed worldwide as a result have triggered the return of an unprecedented number of holidaymakers and travellers since mid-March.In just over a month, the repatriation programmes of various European governments and…
Qantas and Virgin Australia have been offered $A165 by the Australian government to ensure they maintain key domestic routes across the country.Both carriers have suspended the majority of operations in the wake of the coronavirus pandemic.This new funds come on…
Arne Wilhelmsen, a founder of Royal Caribbean Cruises who helped shape the modern cruise industry, has died. He was 90.The Miami-based company said in a statement that Wilhelmsen died Saturday in Palma, Spain. No cause of death was given.As a…
Windstar Cruises canceled the Star Breeze’s 2020 Alaska program, due to a delay in the completion of the ship’s current renovation in Italy.Citing the impact of the coronavirus pandemic, Windstar now anticipates that the ship will leave the Fincantieri shipyard…
