Insolvent Virgin Australia to Be Sold to US Equity Firm Bain Capital

BusinessWorld NewsInsolvent Virgin Australia to Be Sold to US Equity Firm Bain Capital

PilotnewsJune 26, 2020

Bain Capital, a U.S. private investment firm, has been announced as the winning bidder for insolvent Virgin Australia after the rival bidder withdrew its offer. The bankrupt Brisbane-based company’s administrators agreed on Friday to sell the ailing airline to the Boston-based private equity firm. Private equity firm, Cyrus Capital Partners, withdrew its offer in the morning, citing a lack of engagement from Deloitte, an accounting firm responsible for the administration, which was set to name a preferred bidder on...

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FIFA Agree Massive $1.5bn COVID-19 Relief Plan

SportsWorld NewsFIFA Agree Massive $1.5bn COVID-19 Relief Plan

PilotnewsJune 26, 2020

World football governing body FIFA announced on Thursday it had agreed a 1.5 billion dollars relief plan to help deal with the impact of the COVID-19 pandemic on the global game. FIFA’s plan means world football’s governing body will dip into its reserves to provide national federations with a number of grants and interest-free loans to cope with budget hits. FIFA had already provided the immediate release of all funds from its “Forward’’ projects and...

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BREAKING NEWS: FG Condemns Attack on Nigerian Embassy in Jakarta by Nigerians

NigeriaWorld NewsBREAKING NEWS: FG Condemns Attack on Nigerian Embassy in Jakarta by Nigerians

PilotnewsJune 26, 2020

The Federal Government has condemned the attack on the Nigerian Embassy in Jakarta, Indonesia by Nigerian citizens, describing the act as disgraceful and criminal. Minister of Foreign Affairs, Geoffrey Onyeama, condemned the act in a tweet via his handle @Geoffrey Onyeama on Friday. Onyeama vowed that perpetrators would be identified and punished accordingly. “Absolutely deplorable and disgraceful criminal behaviour by Nigerian hooligans, who without justification, attacked the Nigerian Embassy in Jakarta, Indonesia today. “Totally unacceptable behaviour. “Every...

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Russians Vote on Referendum to Let Putin Stay in Power Until 2036

PoliticsWorld NewsRussians Vote on Referendum to Let Putin Stay in Power Until 2036

PilotnewsJune 25, 2020

Russians on Thursday opened polling stations for early voting on a constitutional referendum on whether to let President Vladimir Putin run for re-election twice more and potentially remain in power for the next 16 years. Putin, 67, has already been in power as President or Prime Minister for the past two decades. He is the longest-serving Russian or Soviet leader since Joseph Stalin. The early voting at polling stations throughout the country began a day...

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The World Adjusts to Masks, Travel Restrictions, Testing as Virus Cases Surge

CoronavirusTravelWorld NewsThe World Adjusts to Masks, Travel Restrictions, Testing as Virus Cases Surge

PilotnewsJune 25, 2020

Governments and businesses are ramping up precautions as coronavirus case numbers rise to dire new levels in parts of the U.S. and around the world, potentially wiping out two months of progress. Indonesia was expected to pass the 50,000 mark for confirmed infections on Thursday. In Melbourne, health workers planned to go door-to-door to test more than 100,000 residents in a coronavirus hot spot that threatens to undo the nation’s success in battling the virus....

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Farah Targets One-hour World Record in Brussels

SportsWorld NewsFarah Targets One-hour World Record in Brussels

PilotnewsJune 25, 2020

Four-times Olympic champion, Mo Farah, says he is targeting the one-hour world record at the AG Memorial Van Damme meet in Brussels on Sept. 4. He is returning to the tracks for the first time since switching to road racing in 2017. The men’s record of 21.285 km was set by Ethiopia’s Haile Gebrselassie in Ostrava in 2007. The Brussels event is part of the revamped calendar of athletics meetings announced by the Diamond League...

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UNHCR Appoints 2Baba “Goodwill Ambassador”

EntertainmentWorld NewsUNHCR Appoints 2Baba “Goodwill Ambassador”

PilotnewsJune 24, 2020

Innocent Idibia, known by his stage name, 2Baba, has been appointed as a regional “Goodwill Ambassador” for UNHCR, the UN Refugee Agency. A statement by the Agency and also on his social media handles said that 2Baba, a musician, producer and philanthropist has been a steadfast supporter of the UNHCR LuQuLuQu campaign. He had done so since its inception in supporting and uplifting the narrative of the African refugee. The UN agency wrote on twitter:...

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Serbia’s President Vucic Wins Election By Huge Margin Amidst Boycott

World NewsSerbia’s President Vucic Wins Election By Huge Margin Amidst Boycott

PilotnewsJune 22, 2020

Serbian President Aleksandar Vucic’s Progressive Party (SNS) Sunday won a partially boycotted, pandemic-delayed parliamentary election by a huge margin, collecting nearly two-thirds of the votes, early results confirmed. Claiming victory after an initial projection, Vucic said his triumph was “historic” because “out of 3.3 million votes, we won more than two million.” “We received a huge vote of confidence, which is also a call for us to do even better,” he told supporters in the...

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Palestinian President, Jordanian FM Discuss Israeli Annexation Plan

World NewsPalestinian President, Jordanian FM Discuss Israeli Annexation Plan

PilotnewsJune 19, 2020

Foreign Minister of Jordan, Ayman Safadi, and Palestinian President Mahmoud Abbas discussed in Ramallah, on Thursday, the Israeli plan of annexing large parts of the West Bank. Safadi, who arrived in Ramallah earlier on Thursday, told a news briefing, after meeting with Abbas that he conveyed a letter from the Jordanian king related to the ongoing coordination between Jordan and Palestine. He affirmed that “the Israeli annexation plan will kill the two-state solution and undermine...

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Lufthansa to File Bankruptcy Protection if Bailout Fails

BusinessTravelWorld NewsLufthansa to File Bankruptcy Protection if Bailout Fails

PilotnewsJune 17, 2020

German airline Lufthansa on Wednesday said it would have to apply for bankruptcy protection if the terms of a bailout deal with the German Government fail at an extraordinary general assembly, slated for June 25. According to the Frankfurt Headquarters of the company, Lufthansa will have to apply for bankruptcy protection proceedings shortly after the annual general meeting if a solution is not found immediately. The company was reacting to the statement by Heinz Hermann Thiele,...

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