Branson’s Virgin Atlantic to cut 3,150 jobs, shutter Gatwick
Virgin Atlantic Airways Ltd. will eliminate 3,150 jobs, or a third of the workforce, and shutter its London Gatwick hub to ride out the coronavirus…
United Air to slash management, office staff after aid runs out
United Airlines Holdings Inc. will cut at least 30% of its managerial and administrative jobs when government restrictions lift in October, bracing for a prolonged…
Lufthansa in talks with Airbus and Boeing on order deferrals
Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said the airline is in talks with Airbus SE and Boeing Co. about postponing plane deliveries as…
Ryanair sues EU to topple Sweden’s $494 million airline rescue
Ryanair Holdings Plc asked European Union judges to cancel EU approval of Sweden’s 455 million-euro ($494 million) loan guarantees for airlines, the first of several…
Qantas warns of years-long recovery as it raises more funds
Qantas Airways Ltd. warned public appetite to fly overseas could take years to return as the airline borrowed yet more funds to weather aviation’s biggest-ever…
Air Canada Says Virus Impact to Linger, Major Cuts to Come
Air Canada said it expects the impact of the coronavirus pandemic to last at least three years and predicted large job cuts as it hunkers…
Norwegian Air Owners Approve Crisis Plan to Keep It Alive
Norwegian Air Shuttle ASA shareholders approved a restructuring plan that hands almost all of the company’s equity to its creditors, after the coronavirus crisis pushed…
Air France-KLM Wins EU Approval for $7.7 Billion Bailout
Air France-KLM won European Union approval for a 7 billion-euro ($7.7 billion) French aid package that Finance Minister Bruno Le Maire said will lead to…
South African Airways Says State Exploring Funding Options
South African Airways’ administrators extended a deadline for workers to agree to severance packages after Minister for Public Enterprises Pravin Gordhan said he needs time…
Virgin Galactic’s SpaceShipTwo Completes First Flight from Spaceport America
SpaceShipTwo goes solo in New Mexico airspace
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