EasyJet grounds entire fleet as Covid-19 hammers global travel industry ...United Arab Emirates

UK budget carrier EasyJet said on Monday that it has parked its entire fleet after completing repatriation flights. The coronavirus health crisis is bringing the global travel industry to a halt. According to the company, it has worked out an agreement with cabin crew, who will get 80 percent of their pay under a government program. EasyJet said it is looking for ways to increase its access to cash, adding that the company has a strong balance sheet and no maturities until 2022. "We are in ongoing discussions with liquidity providers who recognize our strength of balance sheet and business model," said Europe's second-largest budget ai

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