How UAE airlines are trying to stay afloat amid coronavirus pandemic

How UAE airlines are trying to stay afloat amid coronavirus pandemic

UAE airlines are using all possible means such as loan deferment, payment holidays, staff layoffs and unpaid leave for staff to stay afloat and save available liquidity as they look towards�a gradual return to service in the aftermath of Covid-19 pandemic.. The local carriers are engaged with different stakeholders including banks, lessors, suppliers and airport authorities for favourable payment terms and discounts to lessen the impact of pandemic and to help them take off smoothly once the pandemic recedes in coming months.. "Like all airlines, Emirates' ability to operate has been temporarily impaired by the ongoing Covid-19 pandemic which has resulted in global restrictions on flights and travel.. We are working closely with our suppliers, partners, and lessors to develop pragmatic solutions to our current operating constraints, and against the projected industry outlook in the coming months," an Emirates spokesperson said in a statement to Khaleej Times.. Emirates the week said all departments have been asked to review costs.. In order to support local businesses, the UAE Central Bank announced Dh50 billion facility at zero interest as part of its Dh256 billion stimulus package for local banks to extend support to companies and individuals with loan deferment.. The