The government has committed millions to helping save both Qantas and Virgin Australia, although the CEO of the former has publicly stated the later doesn’t deserve it. How much Virgin ends up receiving could have a significant impact on its corporate bond holders.
Amid an unprecedented level of flight reductions, a plummet in demand, and desperate capital raising exercises, expect airline IPO’s to remain grounded as the COVID-19 pandemic reshapes the industry. We review how many are finding ways just to stay alive.
Conceived only two weeks ago, Expara Ventures lays claim to launching the first accelerator to target solutions to the problems caused by the COVID-19 pandemic. Presently siphoning resources from an existing fund, the VC is in talks with investors to support this initiative.
The delay to Indonesia’s budget carrier’s listing should have investment bankers very worried: the coronavirus now no longer fits the China-only profile but has infected those merely with exposure to it.
Domestic demand will be the key economic driver for growth in the Philippines 2020, on the back of increased government spending, relatively benign inflation and supportive monetary policies. However, the full effects of the coronavirus outbreak are yet to be calculated.
The sudden uptick in early stage investment into Chinese online education may provide temporary relief for a sector suffering from a slowdown in appetite since the summer of last year. However, investors may struggle to pick the wheat from the chaff.
As China comes to grips with the economic impact of the novel coronavirus, Chinese startups and funds must get smart to survive the inevitable capital crunch that is coming with it. FinanceAsia offers some simple tips to help them weather the storm.