# bailout

Aircrafts of German airline Lufthansa are seen at "Franz-Josef-Strauss" airport in Munich, southern Germany, on June 25, 2020, amid the novel coronavirus Covid-19 pandemic. - German airline Lufthansa was poised to clear a key shareholder vote on its nine billion euro ($10 billion) state rescue on June 25, 2020, boosted by the EU's green light and the last-minute backing of a billionaire investor who had the power to veto the plan. (Photo by Christof STACHE / AFP)
Aircrafts of German airline Lufthansa ar […]

Aviation, automobiles and other virus victims

The COVID-19 pandemic has devastated several industries, from aviation and automobiles to retail and energy. Who are the major casualties, amid all the layoffs, bankruptcies and rescue plans?
The aerial view shows parked airplanes at the airport Duesseldorf, western Germany, on May 8, 2020. (Photo by Ina FASSBENDER / AFP)
The aerial view shows parked airplanes a […]

Airlines hit wall of debt after COVID-19 grounding

The coronavirus has forced many airlines to ground their fleets and appeal for state assistance but experts fear these carriers are now weighed down by debt ahead of a return to normal service
A protester waves a Greek flag as he demonstrates with thousands against a new austerity package in front of the Greek parliament in Athens on June 5, 2011. Photo: Angelos Tzortzinis / AFP
A protester waves a Greek flag as he dem […]

Greece exits third and last bailout after biting austerity

After years of stinging austerity measures, Greece emerges from its third and last bailout, although officials warn the country still has a "long way to go".