Bosnia allocates aid for four airports

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Qatar Airways posts $4.1 billion loss

Qatar Airways has announced that it suffered a more than $4 billion loss in revenues over the last fiscal year, as lockdowns triggered by the coronavirus pandemic slashed demand for long haul travel. The major loss, which the state-owned airline largely attributed to the grounding of its Airbus A380 and A330 wide-body jets, highlights the dramatic toll of the pandemic on the industry. Even so, the Doha-based airline reported an increase in earnings to $1.6 billion before taxes and other costs compared to the previous year - costs that dropped significantly as the airline saved on jet fuel, reduced salaries by 15% and cut some 13.400 employees from its workforce. The pandemic has hit international routes the hardest, dealing a heavy blow to super-connectors in the Persian Gulf that essentially lack domestic markets. In the last several months, the flagship carrier has received a boost from an end to a yearslong boycott that locked Qatar Airways out of the airspace of Bahrain, Egypt, Saudi Arabia and the United Arab Emirates. The embargo had forced the airline to take longer routes and consume more jet fuel, raising expenses. For the first time since 2017, the energy-rich state's airline reopened key routes to hubs like Dubai, Cairo and Riyadh as the political dispute eased in January. The long-haul carrier praised its resilience in the face of the fast-spreading virus variants still racing around the globe, noting that its operational loss of $288 million stood at 7% less than the year before. “Whilst our competitors grounded their aircraft and closed their routes, we adapted our entire commercial operation to respond to ever-evolving travel restrictions and never stopped flying”, Qatar Airways CEO, Akbar al-Baker, said in a statement. The airline acknowledged receiving a $3 billion lifeline from the Qatari government to keep operating as it struggled with virus restrictions. The carrier took just 5.8 million passengers to the skies in the last fiscal year, compared to 32.3 million the year before - a staggering 82% drop.
Reuters

Bosnia allocates aid for four airports

NEWS FLASH

The Federal Government of Bosnia and Herzegovina has approved almost 3.1 million euros in aid, which will be divided among Sarajevo, Tuzla, Mostar and Bihać airports, to mitigate the effects of the coronavirus pandemic. Sarajevo Airport will receive 1.8 million euros, of which 1.7 million will be used towards the construction of its new terminal building. Tuzla Airport will collect 512.000 euros, some 80% of which will be invested into its expansion. Mostar Airport will take 512.000 euros, which will be used to maintain liquidity, while Bihać will utilise its 256.000 euros to continue purchasing land around its premises in order to enable the expansion of the planned airport complex.

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74710:23
A Banja Luka?
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Саша00:20
The Government of the Federation of Bosnia and Hercegovina
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Саша00:21
When is written, federal government, that means something else. Means Federal gov of the whole country.
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Anonymous09:58
For those who wonder...

"Federal", in the context of Bosnia and Herzegovina, means the entity of FBiH. "Republic" in the context of Bosnia and Herzegovina refers only to the entity of RS. The country has no classic federal government, but the Council of ministry which indeed has strong elements of federalism when we anaylse the way the Council works. The national/state level institutions have no "federal" or "republic" prefixes. Also, development of aviation and airports is at jurisdiction of entities while air traffic control, safety and air transportation + border control at all airports in both entities is at jurisdiction of the national/state level and the Ministry of transportation.
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Bosnia allocates aid for four airports

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