Portugal’s Decisions on Saving TAP Airline May Come in June
The Portuguese government may make decisions in June about saving carrier TAP SGPS SA, which had to suspend most of its operations due to the…
British Airways Pledges 48 Aircraft to Raise $750 Million Loan
British Airways raised $750 million in secured loans through a credit facility arranged by Citibank and backed by 48 aircraft as collateral.
Europe May Have to Hit U.S. With Tariffs to Settle Aircraft Dispute
The European Union may have no option but to impose retaliatory tariffs against the U.S. over its illegal aid to Boeing Co. in order to…
Delta offers retirement plans with recovery likely to drag on
Delta Air Lines Inc. is offering new programs to entice workers to leave the carrier voluntarily as it expects a large scale recovery in coronavirus-devastated…
Kuwait Air is said to plan cutting about 1,500 expatriate jobs
Kuwait Airways is planning to lay off as many as 1,500 expatriate employees in response to the fallout of the coronavirus pandemic, according to a…
Germany duels with EU over $9.9 billion bailout for Lufthansa
The German government bristled at the European Commission’s antitrust demands on its 9 billion-euro ($9.9 billion) bailout of Deutsche Lufthansa AG, in a sign of…
South African Airways ex-chairwoman banned from directorships
Former South African Airways Chairwoman Dudu Myeni was banned from holding directorships for life and ordered to pay legal costs after a three-year battle to…
SAS warns shareholders it needs more money as 5,000 jobs cut
Scandinavia’s main carrier SAS AB warned shareholders it will need to generate more funding to see it through the crisis triggered by Covid-19.
American Airlines to cut 30% of management and support staff
American Airlines Group Inc. plans to cut 30% of its management and support staff as it tries to weather the dramatic downturn brought on by…
Green shoots emerge in world economy as virus lockdowns ease
Slowly but not surely, the world economy is emerging from its coronavirus-enforced hibernation.
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
