Aviation Daily Roundup: June 25

June 25, 2020

EasyJet Launches Share Placement To Help Weather COVID Crisis

Credit: Rob Finlayson
UK-based easyJet is launching a share placement worth up to £450 million ($558 million), in the budget carrier’s latest move to shore up its finances since the COVID-19 crisis took hold.

Daily Memo: Asia-Pacific LCCs Confront COVID-19 Challenges

Credit: Jin Air
Asia-Pacific LCCs face major hurdles as they struggle to survive the network shutdowns caused by the COVID-19 crisis, but their business models also give them some factors in their favor as they plan for recovery.

American Airlines Pilots Want Load-Factor Caps Subsidized

Credit: American Airlines / Twitter
The union representing American Airlines pilots wants the U.S. government to subsidize load-factor caps across the industry, an approach that would help stabilize airline finances while ensuring social distance in cabins.

WestJet To Lay Off 3,333 Employees Amid Restructuring

Credit: Rob Finlayson
Canada-based carrier WestJet will lay off 3,333 employees permanently across several departments, part of a series of organizational changes intended to streamline operations amid the COVID-19 pandemic.

Former FAA Executives Lead New Drone Best Practices Organization

Credit: Acceleratum / Twitter
Former senior FAA executives are among the principals of a new company focused on advancing standards and best practices in the drone industry.

Shareholders, EC Approve Lufthansa Rescue Package

Credit: Joe Pries
An extraordinary assembly of shareholders and the European Commission (EC) has approved a €9 billion ($10.1 billion) state bailout for Lufthansa, clearing the way for the airline to begin its long route to recovery and avoid an imminent bankruptcy filing.

Qantas Plans Workforce Cuts, Lengthy Widebody Groundings

Credit: Rob Finlayson
Qantas Airways has unveiled a three-year strategy to prepare for a slow airline industry recovery, including cutting 6,000 workers, storing or retiring larger widebody airliners, and raising A$1.9 billion ($1.3 billion) in new equity to fund its plans.

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