United Airlines is offering flight attendants the option to remain active employees while waiting for demand to return, in an effort to reduce the number of involuntary furloughs expected once CARES Act payroll support expires Oct. 1.
When the U.S. Transportation Security Administration (TSA) released its first “Insider Threat Roadmap” back in May, ramifications of the novel coronavirus pandemic did not figure prominently in the document’s development.
Icelandair has pushed back the time line for its planned ISK20-23 billion ($147–$169 million) share offering to September, as the carrier continues to finalize a state-backed credit facility and secure shareholder approval for the capital increase.
Ryanair plans to cut its flight capacity by 20% in September and October, citing waning forward bookings attributable to uncertainty over COVID-19 case rates in some EU countries.
International Airlines Group (IAG) has phased out the last of Iberia’s Airbus A340s and begun retiring British Airways’ (BA) entire Boeing 747-400 fleet, the group reported Aug. 17.
The Swedish National Debt Office has rejected Norwegian Air Shuttle’s loan-guarantee application, putting further pressure on the cash-strapped carrier, while Scandinavian Airlines (SAS) has separately secured EU approval for its state-backed refinancing plan.
Philippine carriers plan to begin ramping up domestic flights in the Manila market this week following the lifting of travel restrictions imposed over two weeks ago as COVID-19 cases spiked.
Scandinavian Airlines (SAS) is aiming to complete its revised SEK14.25 billion ($1.64 billion) recapitalization by November, after providing fresh terms to appease commercial investors who balked at the company’s original proposal.
Ireland-based carrier CityJet is seeking new opportunities in the European regional market, following its exit last week from the country’s examinership process, the local equivalent of Chapter 11.
Japan’s two major airlines are continuing to trim down their domestic schedules as a second wave of COVID-19 cases dampens the country’s demand rebound.
The Singaporean government will support local airlines with another S$187 million ($136 million) in relief to tide over the aviation sector to March 2021 as the COVID-19 pandemic drags on.