RAM to axe routes, may reduce fleet to secure aid

Royal Air Maroc plans to cancel some air links, cut jobs and may sell 20 aircraft to secure state aid it needs to cope with the coronavirus crisis, a source from within the company said on Friday. A government aid package for the state-owned carrier will be revealed in the upcoming review of the 2020 budget, the source said, but it will be conditional on spending cuts. The timing of the review is not yet known. RAM said in May it may seek a state loan guarantee to help cover expenses as it struggles with $5m in daily losses caused by the pandemic. It resumed domestic flights on June 25 but international air traffic in and out of Morocco remains suspended.<br/>
Reuters
https://www.reuters.com/article/morocco-airlines/moroccos-ram-to-axe-routes-may-reduce-fleet-to-secure-aid-idUSL8N2EA3C4
7/3/20