Print Friendly, PDF & Email
[responsivevoice_button voice="Dutch Female" buttontext="read out"]

The international aviation interest group IATA reports yesterday that governments to date have pledged approximately $ 123 billion (112 billion euros) in state aid to airlines worldwide. This is to prevent a large number of bankruptcies. Of the $ 123 billion, $ 56 billion consists of interests that governments have taken in various airlines, and $ 67 billion (in the form of loans, loan guarantees, deferred payments, etc.) must be repaid by the airlines to the government.

State aid helps the sector survive. The next challenge is to prevent airlines from falling under the debt that this aid creates, ”said IATA CEO Alexandre de Juniac.

Due to the corona crisis, airlines are in heavy weather, the fleet is grounded at most airlines. Due to travel restrictions worldwide, flights are hardly possible. This creates enormous financial problems. That is why various airlines are helped with state aid from the government. International aviation interest group IATA expects total airline debts to reach $ 550 billion this year. This is about 28 percent more debt than last year. This high debt burden makes it even more difficult for the aviation sector to recover, warns IATA CEO Alexandre de Juniac.

There is growing concern with CEO Alexandre de Juniac, he says in a statement yesterday media briefing that there is growing concern about the quarantine measures taken by some governments. He is concerned about the politicization of quarantine measures. He believes that measures should be led by science and not by politics. He also says that Quarantine measures labeled nonsense are unacceptable.

Read also  Ilse Zeemeijer: noise pollution from planes flying over and screeching trams underestimated

Also read: Slovakia, of course, looks forward to opening its borders