American Airlines Applauds the Passage of the American Rescue Plan
In a statement today, American’s Chairman and CEO Doug Parker and President Robert Isom thanked Congress for approving the American Rescue Plan, which includes additional funding for the Payroll Support Program (PSP). “Since the pandemic began one year ago, Congress has repeatedly stepped up to support our team members and keep critical airline infrastructure in […]
South African Airways creditors approve rescue plan
South African Airways (SAA) creditors approved a rescue plan for the struggling airline on Tuesday that requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government’s court to come up with the cash. State-owned SAA, which last made a profit in 2011, entered bankruptcy protection in December and […]
