Webb21 apr. 2024 · widespread airline bankruptcies. There have been some, but not many. That’s because governments have stepped in and provided, as of end-March, almost $227 billion of aid. This has kept much of the industry alive on life support, despite the scale of cash burn. However, the cost of survival for airlines has been a massive increase of debt. WebbSummary: Lufthansa has a EUR9 billion state aid package, including a 20% equity stake for Germany.Other Lufthansa Group airlines are also taking aid.; Air France-KLM has received significant government support. Among Europe’s big three legacy airline groups, IAG has received the least state aid.; Alitalia, airBaltic, Finnair and SAS are also recipients of …
“Beyond the crisis” - speech to the aviation industry - GOV.UK
Webb30 mars 2024 · News release. March 30, 2024 - Ottawa, Ontario - Department of Finance Canada. The Government of Canada is taking strong, immediate and effective action to … Webb15 mars 2024 · As travel is suspended for EU citizens to the U.S. many airlines in Europe and beyond are looking to governments for support. British Airways CEO Alex cruz sent out a memo to staff warning them ... the pops goes country
Should US Airlines Receive Additional Government …
Webb6 apr. 2024 · April 6, 2024 Air France on Tuesday said it would receive a new bailout from the French government worth 4 billion euros ($4.7 billion) to help the beleaguered airline … Webb17 jan. 2024 · Southwest Airlines reached a final agreement with the United States Department of Treasury on the second round of funds for employee salaries, wages, and benefits, through March 31st, 2024. The carrier expects to receive a total of $1,727,370,400 (~$1.73 billion) under the second round of support. Webb24 apr. 2024 · Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline group struggles to stay afloat because of the … the pop shop – a geiger company