The US carriers are suffering severe losses topping $180 million per day amid dramatic slump of passenger flow. The sector is desperate to receive a four-month extension to the government package and another $17bn in order to survive, Reuters said.
Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its home country next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday.
US plane maker Boeing has seen light in the dark tunnel as it received a record order for its 737 Max aircrafts. This model has been banned from flying after two devastating crashes that resulted in hundreds of casualties.
Budget carrier EasyJet sets new charges to passengers in a bid to raise its income flow. The new charges are related to the usage of luggage space. The customers who want to use overhead lockers will have to buy more expensive tickets.
Global aviation body IATA is developing a set of mobile apps to help passengers to navigate COVID-19 travel restrictions and securely share test and vaccine certificates with airlines and governments, it said on Monday.
Siemens Mobility and Deutsche Bahn have started developing hydrogen-powered fuel cell trains and a filling station which will be trialled in 2024 with view to replace diesel engines on German local rail networks, Reuters reported.
Spain’s government announced on Tuesday evening that it had agreed on a 475-million-euro aid package for the struggling airline Air Europa, dpa reported. Some €240m would be made available as a participating loan and the rest as a regular loan with a six-year term, finance minister Maria Jesus Montero said.
Nearly 200 airports across Europe are on the brink of an insolvency abyss following the slump in air travel, the airports' trade body has warned. A report by Airports Council International (ACI) Europe has estimated that no less than 193 airports on the continent “face insolvency in the coming months if passenger traffic does not start to recover by the year-end”.