The commercial aerospace manufacturing world breathed a collective sigh of relief a few weeks ago when Airbus and Boeing did not announce major new cuts to monthly production rates of their large commercial aircraft (LCA).
American Airlines went a step further than Delta Air Lines and United Airlines in relaxing its change fee policy, upping the ante by eliminating the charges for tickets to near-international destinations, in addition to domestic flights.
Kenya Airways said it has to undergo substantial changes following the COVID-19 crisis to withstand any longer-term reductions in customer demand and any economic shocks or events that could affect the airline.
Embattled aircraft connectivity provider Gogo will sell its commercial aviation unit to bankrupt satellite services provider Intelsat for $400 million in a deal that might help the latter return to a viable business while the former tries to avoid liquidation.
Spirit Airlines plans to raise $600 million backed by two upstart loyalty programs, part of an effort to boost cash reserves while daily losses continue to mount.
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