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Royal Moroccan Airlines

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8 Airlines Teetering on the Edge of Collapse Due to COVID-19

8 Airlines Teetering on the Edge of Collapse Due to COVID-19

The outbreak of COVID-19 forced countries to go into lockdown, closing down businesses, airports and borders and forcing strict measures and restrictions on travel. The aviation industry was one of the worst hit and impacted by the lockdown. The International Air Transport Association (IATA) for Africa and the Middle East region expected that global airlines’ loss will reach up to $400 billion in 2020, along with the 550 billion of debts, which they won’t be able to get rid of for many years to come. IATA also confirmed that the ...
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