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Search results for “bankruptcy”
China takes stake in Norwegian Air
05/21/2020
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11:17:40 AM
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Upon completion of the conversion, BOC Aviation will hold 389,053,742 shares in NAS, representing 12.67% of the outstanding shares and votes in the Company.
China continues flight control; Huazhu restructures for global ambition | Daily Brief
05/20/2020
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11:57:56 PM
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Despite reports of restoration, China’s air transportation system is not likely to fully recover for at least another two years; Hong Kong airport sees 99.5% passenger traffic drop in April.
Cirque du Soleil gets $50 million in emergency funds from main shareholders
05/18/2020
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5:48:05 PM
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In late March, the Cirque du Soleil shuttered nearly all of its operations and laid off 95 per cent of its staff, which adds up to 4,679 employees around the world. All of the Cirque’s shows around the globe have been cancelled due to the COVID-19 pandemic.
Despite having big-name backers, these Chinese firms didn’t survive COVID-19
04/22/2020
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3:56:12 PM
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Wujiang Hotels backed by Trip.com Group and Alibaba-invested outbound travel agency Baicheng collapse during the epidemic.
SoftBank-backed Getaround looks for a buyer as demand evaporates
04/07/2020
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4:57:55 PM
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Getaround and the broader car-sharing industry had been facing challenges even before the pandemic.
Chinese outbound travel firm collapses; Beijing quarantines travelers | Daily Brief
03/03/2020
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6:34:07 PM
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Japanese cruise line blamed coronavirus for its bankruptcy; Thailand projected 6 million fewer visitors this year.
China's travel industry bracing for $430 billion losses for 2020
02/14/2020
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11:27:31 AM
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Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
International aviation growth slowed to 4.5% in 2019
01/12/2020
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11:13:11 PM
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The stand-out region in terms of international aviation growth in 2019 was Asia Pacific, where international outbound travel grew by 7.7%.
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