Airlines will need aid of up to 80 billion dollars
21 de noviembre de 2020, 0:30
Paris, Nov 21 (Prensa Latina) Airlines will need 70 to 80 billion dollars to survive the Covid-19 crisis, Alexandre de Juniac, director general of the International Air Transport Association (IATA), warned.
Although news on the advance of vaccines gives hope, the resumption of mass flights will not take place until at least 2024, the director said at an event in this capital.
According to Juniac, nearly 40 companies are in trouble or under safeguard procedures or going bankrupt.
According to IATA, the pandemic and the subsequent restrictions are causing losses worth around 87 billion dollars to the sector this year, although the rise in cases in Europe and the United States could worsen that projection.
The head of this organization estimated that air traffic will be at 33 percent of its level the rest of the year, and it will be at 50 or 60 percent in late 2021.
The impact of border restrictions and Covid-related lockdown measures closed the aviation industry, with planes on the ground and an inactive infrastructure and capacity of aircraft manufacture.
IATA and the International Transport Workers' Federation (ITF) called for an urgent intervention last week to prevent a labor catastrophe.
The Air Transport Action Group estimates that some 4.8 million aviation jobs are at risk as a result of the fall of air travel demand by over 75 percent.
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