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State recourse or bankruptcy for airlines?

2020-03-31T18:42:31.858Z

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

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Source: lefigaro

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