Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the matter, dashing the industry’s hopes for leniency.
April 13, 2020Government, Business
Mnuchin Rebuffs Airlines, Holds Firm on Repayment for Rescue
Government, Business
Airlines Squeezed by Delays in $29 Billion US Rescue Funds
U.S. airlines’ desperate bid for $29 billion in government rescue cash is being frustrated by a lengthening process and demands that companies provide more detailed financial information, people familiar with the situation said.
April 9, 2020Government, Business
Low-Cost Airlines Seeking Aid Get Break on Minimum-Flight Rule
The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the COVID-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year.
April 7, 2020Business, Safety
Airbus Pauses Production in Alabama, Germany
Airbus SE is pausing production at two German sites and its factory in Alabama to adjust to a demand slowdown and supply issues related to the coronavirus pandemic.
April 6, 2020Business, Safety
Boeing 737 Max Groundings to Affect 2020 Results, Ryanair Says
The extended grounding of Boeing Co.’s 737 Max plane forced Ryanair Holdings to scale back growth plans for next summer, putting the airline industry on notice that the crisis is starting to affect longer-term plans.
July 16, 2019Government, Business, Logistics
Best and Worst International Airlines and Airports? Here’s One Guide
Had a bad experience at Newark Liberty Airport last year? You’re not alone, according to recent rankings.
May 9, 2019Business, Technology
FedEx, Boeing Announce Big Cargo Freighter as Next ‘Flying Testbed’
A Boeing 777 made for FedEx Express will be the latest in the aircraft manufacturer’s ecoDemonstrator series of planes designed to test emerging technologies.
July 7, 2017