Royal Jordanian Airlines Seeks State Bailout to Offset Losses and Fund New Fleet - Bloomberg

Royal Jordanian Airlines Seeks State Bailout to Offset Losses and Fund New Fleet - Bloomberg

Royal Jordanian Airlines is seeking about $282 million in state funding to help offset revenue lost during the Covid-19 pandemic and help finance an order of new jets.

The Middle Eastern carrier is looking for an initial injection of 100 million dinars ($141 million) to see it through the first half of next year, followed by another of the same amount later on, Chief Executive Officer Samer Majali said in an interview.

Royal Jordanian understands that the government has limited resources but needs assistance to remain competitive, Majali said Thursday.

“It’s to cover the losses incurred since the second quarter of 2020 and help us bring back our network and expand and renew our fleet,” he said. “It’s less than we lost but it will be enough.”