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Singapore Airlines to ground all but nine planes

Singapore Airlines to ground all but nine planes

Singapore Airlines will cut capacity by 96 per cent until the end of April. The decision comes following the further tightening of border controls around the world to stem the Covid-19 outbreak.

Norwegian secures NOK3 billion in government support

Norwegian secures NOK3 billion in government support

The Norwegian government last week proposed a guarantee of NOK6 billion for the Norwegian airline industry, of which up to NOK3 billion is directed to Norwegian. The guarantee scheme will consist of three tranches with a maximum two years maturity.

Branson invests US$250m to sustain Virgin Group

Branson invests US$250m to sustain Virgin Group

Entrepreneur Richard Branson is set to invest US$250 million into the Virgin Group as the company battles the fallout from the coronavirus outbreak. “This is the most significant crisis the world has experienced in my lifetime,” said Branson.

Air Canada latest airline to announce huge layoffs

Air Canada latest airline to announce huge layoffs

Air Canada has revealed plans to cut 5,000 jobs in the coming weeks as the carrier battles the impact of the global coronavirus pandemic. The company has said the move is temporary – and that most of those affected will return once the airline ramps up its operating schedule.