Tag Archives: Bankruptcies

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

US Offers $58 Billion Aid To Airlines As Governments Seek To Avert Bankruptcies

Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules. AirAsia, the region’s biggest budget carrier, was the latest airline to announce sweeping cuts …

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