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Lufthansa’s Austrian unit negotiates state aid, job cuts
VIENNA (Reuters) – Austrian Airlines is in negotiations with the government regarding state aid to save jobs and keep Vienna as a transfer hub for long-haul flights, the carrier said on Wednesday, adding the talks were at an early stage and will probably take weeks. The Austrian arm of Germany’s Lufthansa <LHAG.DE>, which has announced […]
Boeing suspending Washington state production due to coronavirus risks
By Eric M. Johnson SEATTLE (Reuters) – Boeing Co <BA.N> said on Monday it would halt production at its Washington state twin-aisle jetliner factory as a temporary measure to help fight the coronavirus outbreak. Confirming an earlier Reuters report, and after a similar move by European rival Airbus SE <AIR.PA>, Boeing said a temporary operations […]
Fed working to bolster credit during ‘self-mandated’ recession: Kaplan
By Ann Saphir (Reuters) – A raft of programs from the U.S. central bank and a $2 trillion rescue bill nearing approval in Congress are aimed at providing relief during a “self-mandated” recession “so that when the virus is defeated we can walk, we can run, and then we can sprint out of this,” Dallas […]