Turkey's aviation sector seeks COVID-19 aid from government
Turkey’s airlines are seeking 20 billion liras ($2.5 billion) of bank loans to help them endure the slump in travel due to the coronavirus pandemic, Bloomberg reported.
"Airline executives met Transport Minister Adil Karaismailoğlu in Ankara on Wednesday," Bloomberg said on Friday, citing two people with knowledge of the matter, asking not to be identified because the meeting was private.
The minister is sympathetic to the request and will discuss the matter with other officials including Treasury and Finance Minister Lutfi Elvan, it said.
Turkey’s wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines, according to Reuters.
The aviation sector is one of the country's hardest-hit industries when the coronavirus pandemic halted nearly all flights.
Measures restricting movement in the wake of the pandemic have led to big losses, layoffs and closures at airlines around the world. One of the biggest, Germany’s Lufthansa, agreed a $10-billion government bailout in June.