Pratt & Whitney will retrench around 400 jobs—or 20%—of its 2,000 employees in Singapore as demand for engine-related MRO has disappeared amid the COVID-19 pandemic.
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.