Mexico’s government has not yet heeded calls from the country’s airlines that they need financial support to weather the COVID-19 crisis, and its only full-service carrier Aeromexico has had to formally state it will not seek Chapter 11 bankruptcy protection.
The selection of Bain Capital as the successful bidder for Virgin Australia means the airline will survive in a smaller form and will broadly follow the strategic blueprint developed by the current management team.
Dutch carrier KLM has secured a total of €3.4 billion ($3.8 billion) in government support through a state-guaranteed loan and a direct loan to help it withstand the COVID-19 crisis, adding to the €7 billion France has granted to sister airline Air France.
Canadian airline 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.
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.
The Occupational Safety and Health Administration (OSHA) has issued a citation and penalty to Textron Aviation as part of its investigation into a December explosion at its Wichita Plant 3 facility that injured 15 employees.
