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
Second Boeing 777X Completes First Flight
Boeing conducted a productive and successful first flight of the second 777X airplane. Capt. Ted Grady, 777X project pilot, and Capt. Van Chaney, 777/777X chief…
Alaska Airlines to require face masks for frontline employees and flyers
To align with the Centers for Disease Control (CDC) recommendations and to keep employees and guests safe, face masks will be mandatory for guests starting…
Ryanair Cuts 3,000 Jobs, Challenges $33 Billion in State Aid
Ryanair Holdings Plc will cut 3,000 jobs and said it will challenge some 30 billion euros ($33 billion) in state aid being doled out to…
IAG’s Iberia, Vueling Tap $1.1 Billion in New State-Backed Loans
Spanish airlines Iberia Lineas Aereas De Espana and Vueling Airlines SA have signed separate loan agreements for a combined 1 billion euros ($1.1 billion) to…
Ryanair to Cut 3,000 Jobs, Challenge $33 Billion in State Aid
Ryanair Holdings Plc will cut 3,000 jobs and said it will challenge some 30 billion euros ($33 billion) in state aid being doled out to…
Boeing Rules Out Federal Aid After Raising $25 Billion of Bonds
Boeing Co. sold $25 billion of bonds in the largest offering this year, eliminating the need for more cash as the coronavirus pandemic upends the…
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