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.

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.

After its defaults last year, creditors could call in $12 billion of debt from Hainan Airlines, the prize asset of Chinese conglomerate HNA Group.

A shareholder dispute is escalating at Hong Kong Airlines and creditors have seized most of the assets of CWT International. Both firms are partially owned by troubled HNA Group.

CWT International's default on $270 million loans means that its assets could be seized by creditors as early as Wednesday morning.

Amidst a loosening of financial purse strings for companies by the Chinese authorities, a Wanda unit issued an offshore bond, which met with strong demand.

Unfazed by trade war fears, the Shenzhen property developer and recent defaulter raised $300 million from a US dollar one-year bond. It is arguably the year's priciest Asian high-yield issue.

After the death of its co-chairman in July, HNA Group continues to downsize its overseas empire. Senior executives have left the company and some of its Hong Kong subsidiaries have closed.

Having sold off his theme parks business with his tail between his legs, will Wang Jianlin's Hollywood films business be up for grabs next?