Cash-strapped global airlines seek billions in government bailouts to survive ...United Arab Emirates

The airline industry is in crisis because of the coronavirus pandemic. The Italian government announced on Tuesday it plans to re-nationalize the bankrupt Alitalia airline under an emergency economic rescue plan. Three of the biggest international airline alliances are calling for government support and US carriers are asking for more than $50 billion in assistance, as the industry faces “unprecedented challenges” over the Covid-19 outbreak. The pandemic has hit the aviation industry hard, as it has forced governments to impose travel bans and close borders. While the crisis does not seem to have an “end in sight,” Airlines for America

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