Singapore Airlines (SIA) is likely to complete a fleet-size review by November after projecting its passenger capacity will still be less than 50% of pre-COVID levels by the end of its fiscal year ending March 2021.
A majority of lawmakers in the U.S. House signed on to a letter urging leaders from both chambers of Congress to extend the Payroll Support Program (PSP) until March 31, 2021, arguing that failure to do so will lead to hundreds of thousands of job losses across the airline industry this fall.
Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022.
Ryanair Group’s Austrian subsidiary Laudamotion will be closed and its assets transferred to a new Maltese AOC called Lauda Europe.
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