AFRICAN GOVERNMENTS NEED TO DO MORE TO SUPPORT THEIR AVIATION SECTORS
(Posted 05th June 2020)
As part of intensified efforts and initiatives for financial support to its members from the adverse impacts of COVID-19 pandemic, the African Airlines Association (AFRAA) staged a webinar on the theme: “Financial support to the African airline industry in the context of COVID-19 pandemic impacts.”
The webinar, which took place on 04th of June 2020, was held in partnership with the United Nations Economic Commission for Africa (UNECA) and the International Air Transport Association (IATA). The webinar is a follow up to a survey done by AFRAA and UNECA to quantify the indebtedness of African airlines from COVID-19 impacts which forms the basis for campaigns for the much-needed financial support.
During this important webinar, Afreximbank sensitized African airlines on existing opportunities under the bank’s Pandemic Trade Impact Mitigation Facility (PATIMFA) designed to assist member countries in managing the adverse impacts of financial and economic shocks caused by COVID-19 pandemic. African airlines had a unique platform to discuss requirements and modalities for engagement with Afreximbank with a focus on immediate requirements.