November 19, 2020 6:00 am ET
July 7, 2020 5:00 am ET -
El Al Israel Airlines Agrees to Taking Government Assistance
Just days after announcing they would be indefinitely suspending all operations, El Al Israel Airlines agreed to become nationalized. This development is part of a plan regarding a bailout for the airline that has had significant financial struggles due to…
July 6, 2020 2:54 pm ET -
Portugese Government Takes Majority Stake in TAP Air Portugal
Portugal’s government has agreed to pay €55 million ($62 million) to increase its stake in TAP Air Portugal, the national airline, to prevent the carrier from going bankrupt. The government will own a 72.5% stake in the airline, up from…
May 26, 2020 2:11 pm ET -
Lufthansa Group Announces Government Support for Financial Aid
German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating…
May 21, 2020 11:30 am ET -
South Africa Budgets More Funds for SAA and SA Express
In a briefing on Wednesday to the Parliament for the South Africa Department of Public Enterprises (DPE), acting Director-General Kgathatso Tlhakudi presented the department’s budget plan for state-owned South African Airways (SAA) and SA Express airlines. South Africa’s government is…
May 16, 2020 6:40 pm ET -
Ryanair Slashes Jobs as Low-Cost Demand Dwindles
Ryanair has announced that over 250 office jobs have been lost due to the COVID-19 pandemic. These jobs have been cut at its offices in Dublin, Madrid, Wroclaw in Poland and Stansted near London, which are due to re-open on…