The United Kingdom is experiencing an air transport crisis, which threatens to put more than 820,000 people out of work across the entire UK economy, IATA said.
A U.S. Senate Republican coronavirus spending proposal set to be introduced on Tuesday will not include any new government assistance for U.S. airlines or airports.
White House economic adviser Larry Kudlow said he thinks the Trump administration will in a matter of weeks unveil additional aid for U.S. airlines.
Colombia’s disaster fund will lend as much as $370 million to Avianca Holdings SA to help with its restructuring.
The White House is considering whether it can take action to prevent thousands of job losses in the airline industry a month before the election.
U.K.-based airline Virgin Atlantic recently filed for bankruptcy in the United States seeking protection under chapter 15 of the U.S. bankruptcy code.