Nordica, the national air carrier of Estonia, received approval for governmental support which would include a state-guaranteed loan of €8 million as well as capital back-up by €22 million....
The Malaysian Ministry of Finance denied a media report claiming that the government of the country has granted a $242 million (RM 1 billion) loan as a lifeline to AirAsia Group. The Ministry of Finance stated that none of the airlines has received any of state-owned loan guarantees yet....
Thousands of workers were fired or put on involuntary leave after aviation contractors in the United States were scheduled to receive government aid under CARES act, which prohibited any layoffs and furloughs, an investigation by the U.S. House of Representatives finds....
On October 1, 2020, CARES act expired, and U.S. airlines - including American Airlines, Delta Air Lines and United Airlines - started laying off and furloughing their staff in thousands. A replacement for it, talked about for months on end, never came. But why? What actually happened?...
Air New Zealand has started tapping into a $900 million state standby loan from the government and has already drawn about $110 million for a necessary basis. The state loan helps the airline with liquidity support while the carrier is working on a plan of its future business strategy. ...
The Colombian airline Avianca announced that it has secured commitments for debtor-in-possession financing for over $2 billion. The airline desperately tries to save a financing package that is a key to the existing bankruptcy protection....
The bankruptcy administrators of South African Airways (SAA) were told that the government was committed to provide 10.5 billion rand ($650 million) to the restructured airline....
Colombia’s flag carrier Avianca has almostly lost hope of getting up to $370 million state loan, yet still continues to fight for survival. The airline filed an appeal on Colombian court’s decision to suspend the payout of a major loan that had been already approved. However, the decision to block the loan is based on allegedly controversial details of the financial injection....
The European Union (EU) Commission has approved a grant worth €200 million for Italian flag carrier Alitalia. The aid should resuscitate the airline and help alleviate the consequences of COVID-19. However, financial struggles had tortured the airline long before the pandemic began....
Login
_crop.jpg "Alitalia Airbus A319-111")
