Business

Airbus seeks aid to minimise job cuts as workers fret

European aircraft builder Airbus dangled a lifeline Thursday for some employees menaced by 15,000 layoffs planned worldwide over the coronavirus, saying government aid could rescue thousands of factory workers fearing for ...

Business

Shareholders back bailout to rescue Lufthansa

Lufthansa shareholders on Thursday overwhelmingly backed a nine billion euro ($10 billion) bailout by the German government, saving Europe's largest airline group from bankruptcy after the coronavirus crushed travel demand.

Business

Virgin Atlantic may fold without state help: Branson

British tycoon Richard Branson has warned that his part-owned airline Virgin Atlantic will collapse unless it receives financial aid from the UK government to weather the coronavirus crisis.