Singapore Airlines (SIA) will offer all shareholders S$5.3 billion (Singapore dollars) in new equity and up to a further S$9.7 billion through 10-year Mandatory Convertible Bonds (MCB), an announcement on Wednesday said. Both will be offered on a pro-rata basis via a rights issue, and both issuances will be treated as equity in the company’s […]
Reload Hotel Sales Management, a Greek company offering sales management services to the hospitality industry, has launched new services to assist its partners during the Covid-19 crisis. “We understand our partners’ needs. Covid-19 has had a huge impact on our daily business activities and our partners’ ability to operate… We see this time as an […]
EasyJet has announced its decision to ground its entire fleet of aircraft, following country lockdowns, travel restrictions and changes to travel advice imposed across its network due to the coronavirus pandemic. The airline said it could not put a firm date on restarting commercial flights, also adding that it will continue to evaluate the situation […]
Porto Carras Grand Resort Considering there are not new government Covid-19 restrictions for the operation of resorts in Greece, the Porto Carras Grand Resort, located in the area of Sithonia in Halkidiki, will begin operations for the summer season on May 20, according to the Technical Olympic Group, which runs both the resort and the Domaine […]
Photo Source: Airbnb Airbnb has announced a new global initiative to help connect those responding to the coronavirus (Covid-19) pandemic with safe and convenient places to stay while they carry out their critical work. The company’s goal is to help house 100,000 healthcare professionals, relief workers, and first responders around the world. This initiative builds […]
Photo Source: @Jet2.com & Jet2holidays UK leisure airline Jet2.com and package holiday specialist Jet2holidays have put flights and holidays on sale from Birmingham airport to popular Greek destinations for summer 2021. Jet2’s schedule includes two brand new destinations in Greece: Kalamata in the Peloponnese and Lesvos in the Aegean Sea. According to an announcement
Fraport Greece and the Copelouzos Group are actively participating in Greece’s efforts to contain the coronavirus (Covid-19) pandemic from spreading further. According to an announcement by Fraport Greece, both companies are donating 500,000 surgical face masks to Greece’s healthcare system which is in need of medical supplies. Each company will cover 50 percent of
Photo Source: TUI Group Hanover-based TUI Group on Friday received the approval of the German government for a bridging loan of 1.8 billion euros from the KfW, Germany’s state-owned development bank. The new funds are to be used to increase TUI’s existing credit line with its banks (amounting to 1.75 billion euros), giving access to […]
KLM will start its summer schedule on March 29 with a significantly reduced network due to the coronavirus crisis, an announcement by the airline said on Thursday. Until and including May 3, KLM plans to fly to 25 intercontinental and 32 European destinations. During this period, KLM will fly according to an adjusted schedule, which […]
Six smaller Greek airlines are calling for immediate financial backing in order to remain above water in view of plummeting traveler flows and imminent operational costs resulting from the coronavirus pandemic. In a joint letter to the finance ministry issued on Friday, Greece-based carriers Air Mediterranean, Blue Bird, Ellinair, GainJet, Lumiwings and Orange2Fly


















