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Airlines

AP News | Equities.com |

Japanese Prime Minister Shinzo Abe is preparing to announce a ¥108 trillion ($1 trillion) economic package to help the country weather the coronavirus crisis.


Reuters | Equities.com |

Airlines and contractors face a 5pm ET deadline to tap the government for up to $32 billion in payroll grants.


Reuters | Equities.com |

Up to €6 billion in loans would be guaranteed by the French and Dutch governments, as the airline group braces for a sustained coronavirus shutdown.


Stephen L Kanaval | Equities.com |

IATA estimated that around 8,500 passenger aircraft have been grounded, which accounts to 1/3 of the total passenger fleet around the world.


Reuters | Equities.com |

“We are working tirelessly to ensure that easyJet continues to be well positioned to overcome the challenges of coronavirus.”


Stephen L Kanaval | Equities.com |

Volkswagen AG also recently announced plans for about 80,000 employees to work short-time.


Sara Forden, Bloomberg News | Equities.com |

The Trump administration and Congress, with fierce lobbying by industries eager for help, finally reached a deal last night.


Stephen L Kanaval | Equities.com |

Spirit said they would continue to pay employees who were sent home during the suspension.


Reuters | Equities.com |

Airbus Chief Executive Guillaume Faury said earlier that several airlines had asked to defer deliveries, but that most were continuing to pay their deposits.


Reuters | Equities.com |

Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts.



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