The Malaysian and Thai governments will directly inject money to help their two national airlines, Malaysia Airlines and Thai Airways, even though both airlines are struggling amid the COVID-19 pandemic.
Alexandre de Juniac, director general of the International Air Transport Association (IATA), said that in addition to spreading rapidly on the ground, the corona virus still remains Alexandre de Juniac, general director of the International Air Transport Association. (IATA), said it “ruled the skies” and airlines were struggling to survive. to keep the airline struggling to survive But the global airline industry will need at least another $80 billion to fight the pandemic. Disease caused by covid-19.
Statistics from the travel industry data company Cirium show that 43 commercial airlines have ceased operations or declared bankruptcy in 2020.
Singapore Airlines opens Thai Airways restaurant selling snacks
Singapore Airlines, which relies entirely on international flights, received a S$19 billion ($13 billion) bailout from the government in March this year. But it is still a record loss. This is the largest relief package for a national airline affected by the pandemic.
Part of an effort to increase revenue in the era of COVID-19 The airline has opened a restaurant on two Airbus A380s parked at Changi Airport. By serving food from the on-board menu. It is also sold by delivery to
In a similar situation is Thai Airways. The country’s pride grapples with the COVID-19 pandemic. And the raging coronavirus has amplified these difficulties.
part of the restructuring plan The airline will sell 34 out of 75 aircraft to reduce size and ensure operational efficiency. In addition to selling planes by different airlines, they also sell Kanom Bueng Thai (Pa Tong Go) at the box office to earn extra income amid the pandemic.
Malaysia Airlines, which is 100% owned by the state-owned investment fund Khazanah Nasional, has been steadily losing money since 2011 and restructuring efforts have been unsuccessful. A group of creditors recently rejected a proposal to restructure the airline’s 16 billion ringgit ($3.85 billion) debt, despite cutting salaries for executives and pilots.
Malaysian Finance Minister Tenky Zahrul Aziz said earlier this month that “the finance ministry will not inject cash or capital into Malaysia Airlines through Khazana.” The government is considering liquidating the airline and transferring some assets and employees to the lower-cost Firefly sub-brand.
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Source: INN NEW YORK CITY