Credit: Joe PriesThe UK government has effectively told the country’s airlines they must exhaust all avenues to shore up their cash reserves and protect their liquidity before turning to the country’s treasury for assistance.
Credit: Air Canada / TwitterAir Canada and its pilots have agreed to cost-cutting moves that include reduced pay, modified retirement terms and up to 600 layoffs, the Air Canada Pilots Association said.
Credit: Stephen Brashear / Getty ImagesAmid signs that Boeing is hoping to resume production of the 737 MAX in May the company says flight tests of the three current versions of the model, the -7, -8 and -9, are continuing despite the general shutdown of its Puget Sound facilities because of the coronavirus.
Credit: EmbraerBrazil’s Embraer is analyzing how to start manufacturing ventilators and respirators, replacing components in imported ventilators, and developing filter systems to transform regular beds into intensive care units, the company announced on Mar. 25.
Credit: Nigel Howarth / AWSTU.S. Senators and the Trump Administration reached a preliminary accord that would send U.S. carriers $61 billion in grants and loans to survive an extended period of anemic air travel demand caused by the COVID-19 pandemic.