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Futility of government’s bailout to airlines
There is no doubt that COVID-19 has hit aviation industry very hard. The Federal Government is planning a fresh round of bail-out funds for struggling airlines. The problems of the airlines go beyond intervention fund. Give them N500b, the signs that they would collapse is visible, writes, WOLE SHADARE Worsening crisis Airlines face unprecedented international crisis in the wake of the coronavirus pandemic. The International Air Transport Association (IATA) estimates that global airlines will lose over…
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