government bailouts

The government of Cabo Verde has given the green light to the General Treasury Directorate to extend a state guarantee to the country’s airline.

While an eventual date for an airline bailout package in Brazil approaches, at least one airline is still reviewing whether such a package would be worthwhile or not. This is what John Rodgerson, CEO of Azul, told Reuters this Friday. The airline was the third-largest by domestic traffic in Brazil before the coronavirus crisis hit the […]

TAP Air Portugal seems to have found a mechanism to receive a much-needed cash injection to mitigate the effects of the COVID-19 crisis. For this, the European Commission has granted the Portuguese government a €1.2 billion ($1.36 billion) rescue package to be distributed to its flag carrier. Due to TAP’s predeceasing financial difficulties, the European […]