Southwest Airlines announced that 6,800 employees may be furloughed by spring due to an alleged “lack of meaningful progress” in cost-cutting negotiations with labor unions.
air transport
Treasury Secretary Steven Mnuchin Backs $20 Billion Government Aid for US Airlines Payroll
US Treasury Secretary Steven Mnuchin said at a House hearing on Wednesday afternoon that he backs another $20 billion in additional government payroll support for US airlines.
Delta Reaches Cost Reduction Deal with Unions, Southwest Announces Layoffs
Delta Air Lines has reached a deal with its pilots to implement pay cuts to avoid furloughs along with Southwest Airlines’ warning of massive layoffs, as both U.S. airlines attempt to implement deep cost-cutting plans to withstand one of the most painful recessions in aviation history.
China Not Ready to Lift Flight Ban on Troubled Boeing 737 MAX Despite US Clearance
Boeing’s 737 MAX jets continue to be banned to take off because China has not changed its position on the plane’s safety.
Unite Announces Strikes at Heathrow Over Bad Contract Conditions
Thousands of employees at Heathrow Airport are set to launch a four-day strike in December due to the airport’s alleged “fire and rehire” plans that have reduced the pay of thousands of the company’s long-serving workers.
Boeing 737 MAX Cleared by FAA after Probe
The Federal Aviation Administration on Wednesday cleared Boeing’s 737 MAX to fly again in the US after 20 months of investigating two fatal disasters.
Vietnam Airlines Awaits Rescue Package from National Assembly
The National Assembly of Vietnam is set to deliberate 12 trillion dong ($520 million) to Vietnam Airlines, the Vietnamese national flag carrier.
American Airlines Restarts Flights to China
American Airlines announced on Wednesday afternoon it is restarting passenger flights to China, lifting the total number of weekly flights from the United States to 10, as the American government continues to push for more air service between the two largest economies in the world.
Embraer Posts $121 Million Loss on COVID-19 Travel Restrictions
Brazilian aerospace company Embraer posted a $121 million loss for the third quarter, as the COVID-19 crisis and the lockdown measures imposed to contain its spread curbed travel across the world, hitting demand for commercial jets and private planes.
Germany Offers Financial Aid to COVID Impacted Airports
Germany, on Friday, has promised financial aid to airports in an effort to keep the country’s aviation industry afloat amidst the Covid-19 pandemic.
