U.S. Sees Airline Loyalty Assets as Possible Collateral
The U.S. Treasury Department is in talks with some airlines about accepting their loyalty programs as collateral against government loans to help them weather the…
Boeing Soars On Plan to Reopen Seattle-Area Jetliner Factories
Boeing Co. shares jumped after the company unveiled plans to restart jetliner manufacturing in the Seattle area next week, ending a shutdown that began last…
Most JetBlue, Spirit Route Cuts Rejected by DOT On Aid Terms
JetBlue Airways Corp. and Spirit Airlines Inc. must continue flying to several dozen destinations they’d sought to shed as the Covid-19 outbreak decimates their business.
Airlines Given Rules on How to Replace Passengers With Cargo
Struggling passenger airlines can turn planes into cargo-only aircraft provided they follow a variety of safety requirements, U.S. aviation regulators said in new guidance.
United Air braces for ‘essentially zero’ demand after aid
United Airlines Holdings Inc. warned employees of bleak times and potential long-term payroll cuts despite billions of dollars in U.S. taxpayer assistance, saying the outlook…
EasyJet gets new loans, will sell planes to ride out virus
EasyJet Plc boosted its cash reserves to ride out the coronavirus pandemic, saying it now has sufficient resources to see it through the end of…
Cathay passenger traffic just 1% usual after ‘drastic’ drop
Cathay Pacific Airways Ltd. expects passenger numbers to stay below 1,000 a day this month compared with the usual 100,000 as it operates at just…
Etihad to operate reduced network of passenger flights from May
Abu Dhabi’s Etihad Airways plans to operate a reduced network of scheduled passenger services from May as the carrier gradually ramps up operations that were…
VietJet lenders agree loan repayment delays for plane purchases
VietJet Aviation JSC said it has reached agreements with domestic and international lenders to delay repayments on about 80% of loans for its aircraft purchases…
Virgin Australia stock suspended as restructuring talks extend
Virgin Australia Holdings Ltd. stock was suspended in Sydney as discussions over a potential financial restructuring for the airline continue.
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