More Middle East airlines face bankruptcy risks with each month of uncertainty: IATA | Aviation – Gulf News
Several airlines in the Middle East face heightened risk of bankruptcy - despite the industry receiving $4.8 billion in government aid in 2020. Most of this support ($4.1 billion) was distributed through direct cash injections.
“Government relief for airlines avoided massive failures that would jeopardize a restart,” said Kamil Al Awadhi, IATA Regional Vice-President for Africa and the Middle East. “[But] with no clear timeline to recovery the situation is far from resolved.
“Governments that have provided relief will need to be prepared for more - and governments that have not yet stepped up must recognize the growing risks as the crisis drags on.”
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