Lufthansa Group, for instance, said that 2021 would be “a year of re-dimensioning and modernization” following an $8-billion loss last year and a 62% decrease in revenue. By 8 October 2020, 43 commercial airlines had gone bankrupt, and many more were expected to follow. Herb Kelleher, Southwest Airlines' affable co-founder, died at the age of 87. The purpose of the Act is to enable the Government to respond to an emergency situation and manage the effects of a covid-19 pandemic. Additionally, Boeing has secured several new orders from airlines… The CJRS will continue until the end of October 2020, with employees on furlough continuing to receive 80% of salary up to a maximum of £2,500 … Airlines saw revenues plummet in 2020 and are now speeding up recovery initiatives that will future-proof their long-term business models. In 2020, due to the COVID-19 pandemic, Spirit Airlines received $334 million aid in form of grants and loans via the Coronavirus Aid, Relief and Economic Security Act (CARES); the money is used to fund employees until September 30. The German government last week ordered 10,000 ventilators from Drägerwerk AG, worth roughly a year’s production. Spirit Airlines was to cut fares by up to 70% and reduce April 2020 capacity by around 5%. In July, the same year, the company announced that will put 20%-30% of its employees on leave of absence from October. Read more coronavirus news and analysis here. The Coronavirus Bill, introduced in the House of Commons on 19 March 2020, received Royal Assent on 25 March 2020 and is now in force. Yesterday, the world lost an American icon and a maverick in the airline industry. ET) With hundreds dying every day, Europe’s governments are racing to stock up on ventilators, which can save patients with acute cases of Covid-19. Governments Rush to Secure Ventilators (March 16, 3:00 p.m. Spirit AeroSystems Holdings Inc ... Europe and many other parts of the world. The furlough scheme will close to new entrants on Wednesday, June 10, 2020 – so if an employer hasn't furloughed a member of staff by then and made at least one claim for furlough …
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