bailout

The European Union on Monday approved a French state aid of €7 Billion consisting of state loans and state-guaranteed bank loans to aid Air-France in its urgent liquidity in the face of the coronavirus pandemic. The European competition watchdog exercised its commission under Article 107(3)(b) of the Treaty on the Functioning of the European Union […]

The current crisis that is heavily affecting all carriers around the world could profoundly change the landscape of the airline industry for the years to come. According to the Dutch financial newspaper Financieele Dagblad, Air France and KLM may return to operate as independent carriers. The two airlines merged in 2004 and have been operating […]

The United States’ major airlines have agreed to terms on a $25 billion bailout package from the U.S. government. The U.S. Treasury Department says that Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines and Southwest Airlines will participate. The money is primarily intended to […]

With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis.  KCA warned that the pandemic put […]

The British Airline Pilots’ Association (BALPA) has discounted reports made earlier this week that the U.K. Chancellor (the U.K. Government’s chief financial minister) would only include airlines in any industry bailouts under consideration “as a last resort.” BALPA General Secretary Brian Strutton said: “It is unhelpful that correspondence is leaked out of the context of […]

Singapore’s Finance Minister Heng Swee Keat announced on Thursday that the carrier is considering a corporate action with the support of Temasek Holdings, its state-owned majority stakeholder. Heng also stated that the action “will be announced in due course.” “We will make sure SIA comes out of this in good shape. Ultimately, this is about […]

Following last week’s memo to employees entitled “The Survival of British Airways”, the U.K. carrier continues to implement strategies to deal with the continuously changing environment. BA has announced capacity cuts of 75% for their April and May schedules which will have a significant impact on the resources needed to operate the network. All staff […]