By Edward Robertson Air Canada has agreed a financial bailout with the Canadian government of CAN $5.879 billion. The money is being made available through the Large Employer Emergency Financing Facility (LEEFF) programme and comes as the Covid-19 pandemic is well into its second year. The ...

By Jonathan Josephs, BBC News The world's airlines need another $70-$80bn of government support to get through the crisis caused by the coronavirus pandemic. That's according to the head of the International Air Transport Association (IATA), which is the trade association for t...

ACI EUROPE today called on the European Commission to urgently adopt an EU Recovery Framework for Aviation and for Governments to provide the requisite funding to support airports - and the recovery of air connectivity. With close to 200 airports already facing the risk of insolvency, the financi...

Reacting to the European Commission’s approval today (25 June) of the German Government’s €9bn bailout of Lufthansa, Ryanair’s Michael O’Leary said: “This is a spectacular case of a rich EU Member State ignoring the EU Treaties to the benefit of its national industry and the detriment...

Lufthansa’s $10 billion government bailout hit an obstacle on Wednesday after the German airline’s supervisory board refused to approve the bailout package after the European Commission proposed the airline to give up valuable slots at Frankfurt and Munich airports. The bailout plan neverth...

Sir Richard Branson is seeking a buyer for Virgin Atlantic as the government continues to shun requests for a £500m commercial loan, according to reports. The entrepreneur has set an end-of-May deadline to save the airline from collapse, reports The Sunday Telegraph. Virgin Atlantic told t...

The airline’s near collapse comes after Virgin Group founder Richard Branson defended seeking state aid and said Virgin Atlantic “will need government support” to stay afloat. Virgin Atlantic owner Sir Richard Branson has said: “The reality of this unprecedented crisis is that many ai...

Sir Stelios Haji-Ioannou, easyjet founder, has claimed that £600m of government aid being spent on buying new planes “could be the biggest scandal in British corporate history”. Haji-Ioannou has demanded that the easyjet board scrap a £4.5bn order for 107 new planes from Airbus, doing so w...