Credit: Nordic Aviation GroupEstonia’s Nordic Aviation Group (NAG) is considering its options for subsidiary Regional Jet after co-owner LOT Polish Airlines refused to participate in a much-needed capital increase.
Credit: Air France-KLMAir France-KLM’s CEO Ben Smith said he would forego his 2020 bonus and promised to speed up restructuring as the airline group moved closer to securing a multi-billion-euro state-guaranteed loan from France.
Credit: Rob FinlaysonDelta Air Lines is looking to Wall Street for $3 billion in additional financing, in an attempt to bolster its cash reserves while revenues remain badly depressed by the COVID-19 pandemic.
Credit: LufthansaLufthansa Group said April 23 that it needs financial assistance by its home countries to be able to survive as it cannot get sufficient access to additional liquidity in financial markets.
Credit: Joe PriesSenior and mid-ranking Qatar Airways staff are being asked to forego 50% of their salaries over coming months, with the promise that the deferred portion will be paid to them as soon as the airline is in a position to do so.
Credit: Joe PriesWhile Russia’s passenger air traffic has almost ground to a halt because of travel restrictions, the country’s largest cargo carrier Volga-Dnepr Airlines is operating at capacity to help combat COVID-19 at home and abroad.
Credit: Southwest AirlinesSouthwest Airlines chairman and CEO Gary Kelly pledged the company would “exhaust all other efforts” before shrinking its workforce but cautioned such reductions may eventually be needed amid the extensive downturn caused by the COVID-19 pandemic.
Credit: McCarran International AirportThe FAA will adjust the operating hours of 100 airport towers to “ensure resiliency” of the air traffic control (ATC) system and protect employees during the coronavirus pandemic, the agency announced.
Credit: BoeingBoeing has tapped Mark Jenks to lead a new Airplane Programs organization that the company expects to ensure both consistency and efficiency throughout its core commercial aircraft production efforts—one of several changes announced by the company’s leadership aimed at aligning similar businesses.
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