Norwegian Air state aid falls short as bonds hit record low
Norwegian Air Shuttle ASA secured government funding worth up to $270 million under certain conditions, keeping it alive for now while the coronavirus still threatens…
Boeing weighs deep cuts with $60 billion bailout bid pending
As it pleads for help in Washington, Boeing Co. is mapping out a series of drastic steps it may have to take to conserve cash…
Desperate airlines await bailout; Air Canada lays off 5,000
For airlines caught in the eye of the coronavirus storm, Canada’s second fiscal act can’t come soon enough.
Swedish Airports group lays off 1,900 workers as traffic slumps
Sweden’s biggest airport operator says it’s laying off at least 1,900 workers as the fallout from the coronavirus halts traffic and forces people to cancel…
Cathay Pacific scraps 96% of flights as virus stops travel
Cathay Pacific Airways Ltd. will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world.
Airline loans would come with conditions under GOP Senate bill
A Senate Republican proposal responding to the fast-spreading economic devastation from the Covid-19 outbreak includes $58 billion for loans to airlines that have seen traffic…
Air New Zealand agrees to government loan to keep flying
Air New Zealand agreed a two-year loan deal with the government to protect essential routes and ensure the national airline keeps operating as the coronavirus…
Virgin Atlantic staff back unpaid leave in bid to save carrier
Nearly all ground workers at Virgin Atlantic Airways agreed to take unpaid leave or exit their jobs as the coronavirus outbreak batters the industry, according…
Apollo buys part of United Airlines loan banks wanted to shed
Apollo Global Management Inc. has bought a chunk of a loan arranged by a group of banks that will help United Airlines Holdings Inc. boost…
Among worst-hit airlines, investors bet who will fall first
Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.
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