March 19, 2020 / 8:40 AM / 18 days ago

IATA says Middle East airlines need state aid due to liquidity crisis

FILE PHOTO: A logo of the International Air Transport Association (IATA) is pictured before and an interview with Reuters on the consequences of the outbreak of the coronavirus disease (COVID-19) in Geneva, Switzerland, March 13, 2020. REUTERS/Denis Balibouse

DUBAI (Reuters) - Governments must urgently consider providing aid to airlines in the Middle East to help them cope with a liquidity crisis due the coronavirus outbreak, the International Air Transport Association (IATA) said on Thursday.

IATA Vice-President for Africa and the Middle East Muhammad Albakri said Middle East airlines were facing rising revenue losses as people stopped traveling.

Reporting by Alexander Cornwell; Writing by Yousef Saba; Editing by Edmund Blair

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