Coronavirus-stricken airlines call for state aid to avert ruin

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LONDON/PARIS (REUTERS) - Airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday (March 17).. Read more at straitstimes.com.

LONDON/PARIS - Airlines demanded urgent tax relief to avoid multiple bankruptcies as coronavirus disruption continued its spread across the global industry on Tuesday .

US carriers have already asked Washington for US$50 billion in grants and loans, plus tens of billions in tax relief. "This is the biggest crisis the aviation industry has faced in decades," Sutton added."Without more government support we fear the impact will be far greater." Boeing will get government aid, President Donald Trump said - as European rival Airbus ordered production halts in France and Spain, where lockdowns are affecting workers and suppliers.

Brussels Airlines, a Lufthansa subsidiary, on Tuesday said that it was suspending all flights for four weeks.

 

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