Qatar Airways seeks billions in loans
The Gulf carrier that has continued to fly during the pandemic crisis previously announced it was cutting jobs.
Qatar Airways is seeking billions of dollars in loans after announcing job cuts and deferrals of employee pay.
The Gulf country’s national airline is currently in talks with three banks, speaking to each of them bilaterally, Reuters reported today.
Qatar Airways still operates regular flights to multiple destinations in Asia, Europe and North America, whereas other Middle Eastern airlines have stopped almost all of their flights.
However, the airline, like others, has experienced massive revenue losses lately due to the novel coronavirus pandemic and accompanying downturn in global travel.
