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01 April 2020 The on-line newspaper devoted to the world of transports 09:25 GMT+2

March 19, 2020

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IATA, airlines will need aid of up to 200 billions of dollars to recover from the emergency

The association urges the governments of Africa and the Middle East to support the region's struggling air carriers to survive the Covid-19 crisis

According to the International Airline Association IATA, to support the impact of the coronavirus emergency on their companies in the sector will need, on a receive aid of up to 200 billion dollars. The estimate economic damage to airlines caused by the spread of worldwide contagion was announced today International Air Transport Association as part of a appeal to the governments of Africa and the Middle East East to support airlines operating in the region and struggling to survive because of the drastic demand for air travel as a result of the Covid-19 crisis.

"Stop the spread of the Covid-19," explained the Ceo and CEO of IATA, Alexandre de Juniac -- is the highest priority of governments, but they need to be aware that the health emergency has now turned into a catastrophe for the public authorities. economy and air transport. The scale of the current crisis industry is much worse and much more widespread than those 9/11, SARS or the global financial crisis of the 2008. Airlines are struggling to survive. In Africa and Middle East many routes have been suspended and on the remaining ones airlines have seen demand fall by as much as 60%. Millions of jobs are at stake, de Juniac pointed out. Work. Airlines need government action urgent if they want to emerge from all this in useful conditions to help the world recover once they beat Covid-19."

The IATA specified that, despite the carriers of the region are implementing broad cost-cutting measures mitigating the financial impact of coronavirus, however, due to flight bans and travel restrictions international and regional revenues, airline revenues are precipitation, also overcoming the effect of drastic measures cost-cutting by the companies. In the region, with cash reserves averaging about two months - pointed out the association - airlines are in crisis of liquidity and survival.

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