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The effects of COVID-19 lockdowns were subject of the first quantitative research on large-scale modal shifts and demand reduction in aviation. [150] It illustrated that a significant share of business travel is not necessary [ 151 ] and advanced or increased the adoption of various methods and technologies to mitigate air travel demand.
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1]
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The supervisory board of Lufthansa has given its blessing to a 9 billion-euro ($10 billion) government bailout plan thrashed out between the airline, the German government and the European Union.
Lufthansa's rescue package could be worth up to €10bn. For premium support please call: 800-290-4726 more ways to reach us
German airline group Lufthansa <LHAG.DE> said it will cut the number of short- and medium-haul flights in response to the accelerated spread of the coronavirus. The Lufthansa Group airlines, which ...
Due to its severity, the COVID-19 pandemic has caused countries to send aid, as part of the international responses and management regarding the pandemic. Types of materials aided includes (but are not limited to) masks , medical supplies , personal protective equipment , money, and test kits.
In January 2021, Lufthansa AG CEO Cartsen Spohr stated all the Airbus A340s will be retired permanently and also stated that the eight remaining Airbus A380s and eight remaining Boeing 747-400s (both of which are currently in long-term storage) could also be eligible for permanent early retirement due to the COVID-19 impact on aviation as both ...