The Limited Times

Now you can see non-English news...

State recourse or bankruptcy for airlines?


DECRYPTION - Most large states are preparing to fly to the aid of their national flags.

The sky is almost empty. Devices nailed to the ground line up in airport parking lots. The airline industry is going through an unprecedented crisis. He has seen others, however: the SARS epidemic, the eruption of the Eyjafjöll volcano, the September 11 attacks ... But never before has the impact on traffic been so international, as powerful, and not as lasting.

Read also: Closed since Tuesday for an indefinite period, Orly airport is transformed into an aircraft parking lot

Beyond the immediate measures - financing of partial unemployment, lifting of the obligations to occupy flight time slots ... - most of the large states are preparing to fly to the aid of their national flags. Support that can take many forms. The first is through credit. Oslo has thus sent a lifeline to Norwegian, fallen star of the long-haul low-cost. Air France- KLM, the German Lufthansa, the American airlines could benefit from medium-term loans guaranteed by their respective States. The United States has provided in the 2.2 trillion economic support plan for the United States

This article is for subscribers only. You still have 69% to discover.

Subscribe: € 1 the first month

cancellable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

You may like

Business 2020-03-31T18:42:31.858Z
News/Politics 2020-04-27T19:08:30.140Z
News/Politics 2020-05-01T14:11:31.882Z

Trends 24h


business 2020/05/24    

© Communities 2019 - Privacy