Covid-19 bailouts: Governments to take stakes in El Al and TAP
A bailout deal agreed by El Al Israel Airlines could see the Israeli state take a 61% stake in the airline while Portugal is set to acquire 72.5% of TAP Air Portugal.
Covid-19 bailouts: Brussels Airlines aid takes Lufthansa's total to $12bn
The Belgian government and Lufthansa agreed on a stabilisation package to rescue Brussels Airlines. The latest $335 million in state aid takes Lufthansa Group’s tally to $12 billion. more
On Watch: Aeromexico and SAA cut aircraft as Jeju ditches Eastar
South Korean LCC Eastar Jet has joined Ishka’s On Watch list after peer airline, Jeju Air, announced it had scrapped plans to purchase of 51% of the carrier. more
Covid-19 bailouts: US majors support ‘clean’ CARES Act aid extension
Major US airlines will only support a “clean” extension of the payroll support beyond September without “extraneous conditions,” a major trade association has said. more