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IATA Warns Airlines Need US$70-80bn to Stay Alive

MIAMI – IATA warns that airlines will need US$70-80bn in aid to survive the coronavirus crisis or another half again of the amount already received from governments.

Speaking about the government aid already given to airlines worldwide, Alexandre de Juniac, director-general of the International Air Transport Association said on Friday at the Paris Air Forum, hosted by newspaper La Tribune, “We are extremely grateful to them for having injected US$160bn into the sector.”

“For the coming months, the industry’s needs are evaluated at US$70-80bn in additional aid,” de Juniac said. “Otherwise some airlines will not survive.” While vaccine breakthroughs and read more ⇒

Source:: “Airways Magazine”

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