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

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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

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