The South African government has addressed a long-awaited rescue plan for the country's flag carrier, which calls for as much as 10bn rand ($580m USD) in fresh bailout funding.
Lufthansa’s management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a €9 billion government bailout.
The French government has tacked a number of environmental requirements to a multibillion-euro rescue package offered to the national carrier. Last week, Finance Minister Bruno Le Maire told the French Parliament that support for the airline would not come in the form of a “blank cheque”. Moreover, funding will be contingent on Air France’s willingness
United Airlines management and its labour unions are warning of massive layoffs if Washington doesn’t inject billions to the airline industry by the end of this month.