Morocco's state-controlled Royal Air Maroc is seeking a larger strategic partner, a senior airline official said, as it battles to regain profitability and stand up to increased competition from low cost carriers.
The cash-strapped Moroccan government bailed out Royal Air Maroc last year to the tune of $193 million and gave it an additional $900 million to upgrade itself by 2016.
The generous handout fuelled speculation among members of parliament that the flag carrier was souping itself up ahead of the sale of a substantial stake to a foreign operator.
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