IATA appeals to govt to help airline industry battling amid COVID-19 pandemic

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CAPE TOWN - The International Air Transport Association on Tuesday said it was time to ask governments to take extra measures to replace or extend support to the airline industry as the COVID-19 pand

emic continued to have a significant financial impact on the sector.

Its director-general and CEO, Alexandre de Juniac, said for the second half of the year they expected, on average, for airlines to burn through cash at about $300,000 per minute for a total of $77 billion.“Today I want to emphasise that this is not just an airline problem. We know that our airport and air navigation service partners are also struggling.

De Juniac added that governments should be actively involved in supporting the entire sector’s finances through this unimaginably difficult time.

 

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