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Govts offer airlines financial aid as Coronavirus drives deeper flight cuts

With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on the US government to provide at least $60 billion in access to liquidity

Topics
Coronavirus | airlines

Reuters  |  SYDNEY/CHICAGO 

Australia and Taiwan joined a growing list of countries offering financial aid to their ailing aviation sectors as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on the US government to provide at least $60 billion in access to liquidity, including loan guarantees, for the aerospace manufacturing industry. US carriers have already asked Washington for $50 billion in grants and loans, plus tens of billions in ...

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First Published: Wed, March 18 2020. 10:03 IST
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