Morocco plans $624m aid package for RAM airlines

The Moroccan government plans a package of 6b dirhams ($624m) in aid to state carrier Royal Air Maroc (RAM) to help it get through the pandemic crisis, Finance Minister Mohamed Benchaaboun said Monday. The aid, part of a reviewed 2020 budget, includes a state-guaranteed loan of 2.5b dirhams, a finance ministry source said. RAM has struggled with $5m in daily losses caused by the pandemic and said recently it will cancel some routes between destinations, cut jobs and reduce fleet.<br/>