Boeing does not expect to issue more debt to raise funds at this time, the company’s chief financial officer said Aug. 5, but management will “keep all our options open” through the "dynamic" COVID-19 and 737 MAX crises .
Sixteen Republican Senators signed on to a letter urging the chamber’s leadership to extend the CARES Act Payroll Support Program (PSP) until March 2021, signaling growing bipartisan consensus that more aid will be needed to avert mass layoffs this fall.
Embraer will push back the planned entry-into-service date for its E175-E2 until 2023, as the Brazilian manufacturer contends with weak airliner demand in the wake of the COVID-19 pandemic.
Upping the ante from the successful “airport boarding” experience in July, Taiwan’s four carriers all launched flights-to-nowhere in line with Father’s Day celebrations on Aug. 8.
Garuda Indonesia’s financial situation worsened as lessors took legal action for unpaid leases and government aid to help the flag-carrier weather the COVID-19 crisis has yet to arrive.
Frontier Airlines has issued formal furlough notifications to 35% of its flight attendants and pilots, becoming the latest U.S. carrier to warn of coming job losses following the end of federal payroll support on Oct. 1.
The major U.S. airlines have removed near-term bankruptcy risk from the table, helped by massive infusions of public and private financing—but their regional affiliates have not all been as fortunate.
