Emirates to raise debt to help it through pandemic slump
Recovery in travel is at least 18 months away, airline says, warning it may have to take tougher measures
10 May 2020 - 19:25
Dubai — Emirates, one of the world’s biggest long-haul airlines, says it will raise debt to help it through the coronavirus pandemic and may have to take tougher measures as it faces the most difficult months in its history.
The state-owned airline, which suspended regular passenger flights in March due to the virus outbreak that has shattered global travel demand, said on Sunday that a recovery in travel is at least 18 months away...
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