Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues to batter the sector.
July 27, 2020Search
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Pelosi Presses GOP to Quickly Negotiate Virus Aid With Democrats
Deadlines looming, House Speaker Nancy Pelosi implored Republicans and the White House on July 27 to come quickly to the negotiating table with Democrats over the next coronavirus relief package to prevent unemployment assistance and an eviction moratorium from expiring for millions of Americans.
July 27, 2020Illinois Leaders Unveil $21.3 Billion Infrastructure Plan
Illinois Gov. Jay “J.B.” Pritzker recently announced a $21.3 billion plan to improve roads and bridges throughout the state.
July 27, 2020New Prime Agrees to $28 Million Settlement in Contractor Dispute
Attorneys for New Prime Inc. and a potential class of 40,000 mostly independent owner-operators have agreed to settle two lawsuits, awarding the truck drivers a total of $28 million in back compensation and damages.
July 27, 2020World’s Supply Chain May Not Be Ready for COVID-19 Vaccine
The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
July 27, 2020Orders for Big-Ticket Manufactured Goods Jump 7.3% in June
Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic.
July 27, 2020FAA Warns 737s Sitting in Storage Are Corroding During the Pandemic
Boeing Co. 737 planes in storage because of the coronavirus pandemic are at risk of losing power in both engines when they fly again and must be inspected, aviation regulators said.
July 24, 2020Senators Advance Diesel-Reduction Program
A program meant to improve air quality by reducing diesel emissions was included in the annual defense authorization bill the Senate passed July 23.
July 24, 2020DHS Lifts New York Trusted Traveler Ban
The Department of ϳԹland Security announced it will lift its ban on certain Trusted Traveler Programs for New York residents.
July 24, 2020New-ϳԹ Sales in June Surge to Highest in Almost 13 Years
New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.
July 24, 2020