Israel to provide up to $44 mln in state aid to COVID-hit airlines

JERUSALEM, Nov 21 (Reuters) – Israeli cabinet members approved an additional bailout plan for airlines further harmed over the by the COVID-19’s Delta strain, the finance and transportation ministries said in a joint statement on Sunday.

Total state aid would not exceed $44 million for all of Israel’s carriers and would come in the form of bonds converted into shares for three years without interest.

(Reporting by Steven Scheer)

Reuters

Discover more from The Dispatch

Subscribe now to keep reading and get access to the full archive.

Continue reading

Verified by MonsterInsights