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About: http://data.cimple.eu/news-article/9685b45e5ddc7ff67a49f98482ca51f6d064f35cd5aad15104791cda Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Almost all of Africa's airlines are currently grounded because of the coronavirus pandemic and several could go bankrupt, the African Airlines Association (AFRAA) warned Thursday. "Today, 95 percent of African planes are grounded owing to the pandemic, save for cargo flights," AFRAA secretary general Abderrahmane Berthe told AFP. A large number of African states have closed their airports and borders because of the virus, forcing carriers to scrap inter-African as well as inter-continental flights. "If the African carriers do not receive support they will find themselves insolvent come the end of June," warned Berthe, who calculated that the sector would require a bailout of between $2.5 to 3 billion (2.3 to 2.8 billion euros) in emergency aid or tax concessions. "African carriers were already in a precarious state well before the COVID-19 pandemic. They have been making losses for a decade while other companies elsewhere were making money," Berthe said. "The past fortnight has been catastrophic for African carriers whose planes are grounded. They have no revenue while at the same time they face costs they cannot squeeze" such as plane hire, maintenance, insurance and parking fees. AFRAA's 45 member carriers account for 85 percent of inter-African traffic totaling 93 million passengers a year. Although Africa accounts for just a two percent share of global air traffic, passenger numbers on the continent have been doubling every 15 to 20 years. ck/de/cdw/pma
schema:headline	Virus restrictions ground most of Africa's airlines: association
schema:mentions	Making Money Smoothness Agence France-Presse Bailout Insurance Africa Pandemic Virus Severe acute respiratory syndrome coronavirus 2 African Airlines Association Global Air (Mexico) CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-26 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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