“If by the end of July, airlines do not get financial support in form of direct cash injections; about 50 to 90 per cent will be insolvent globally.” Nigeria Airlines FinancialSupport AviartionSector
At least one in every two airlines is now at risk of collapse given the dearth of lifesaving financial supports, the International Air Transport Association , has said.
The IATA’s Director of Advocacy and Strategy, Africa, Funke Adeyemi, at a webinar forum, said the Association is working hard to get African Heads of State and organisations to give the needed financial assistance to the airlines. IATA earlier estimated that airlines are expected to lose $84.3billion in 2020 for a net profit margin of -20.1 per cent. Revenues will fall by 50 per cent to $419billion from $838billion in 2019. In 2021, losses are expected to be cut to $15.8billion as revenues rise to $598 billion.
She added that the body was yet to get favourable responses for the airlines after about 50 letters were dispatched to all the African states, and the Ministries of Transports, and Finance on the need to save the airlines. Udoh said the palliative was to enable the airline make necessary preparations for the resumption of fight operations as soon as the Nigerian airspace is open for flight operations.
“A key benefit of Ibom Air’s very modern fleet of Bombardier CRJ 900 aircrafts is that they all come fitted with High-Efficiency Particulate Air filters. HEPA filters are high-intensity filters that do not just filter dust, but effectively capture greater than 99 per cent of the airborne microbes in the filtered air, including microscopic particles such as bacteria and viruses.
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