emergency aid

MSC carrying aid to Turkey

Lufthansa and Germany have agreed on a rescue plan for the airline, but the European Union wants to take a pound of flesh from the German carrier before allowing the deal to go through.

Lufthansa will temporarily become a German-state owned company again with a pending plan to give the airline billions of dollars in emergency aid to withstand the fallout from the coronavirus.

Airlines were among the big industry winners when the smoke lifted and Congress finalized a $2 trillion economic stimulus package to deal with economic fallout from the coronavirus.

United Airlines’ executives and union leaders late Friday warned furloughs will begin soon unless the federal government enacts an emergency aid package for the airline industry and urged workers to […]

An airline bailout raíses questions of corporate welfare and could anger voters if they are left without jobs or suffer wage losses because of the coronavirus lockdown.