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.
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 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.
Boeing’s 737 MAX jets continue to be banned to take off because China has not changed its position on the plane’s safety.
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.
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.
The National Assembly of Vietnam is set to deliberate 12 trillion dong ($520 million) to Vietnam Airlines, the Vietnamese national flag carrier.
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.
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, on Friday, has promised financial aid to airports in an effort to keep the country’s aviation industry afloat amidst the Covid-19 pandemic.