AMMAN —
Royal Jordanian (RJ)’s top executive appealed
for urgent assistance to help the flagship carrier overcome accumulated losses estimated at
JD321 million, according to the Jordan News Agency, Petra.
اضافة اعلان
RJ’s CEO
Samer Al-Majali told the House of
Representatives’ Tourism, Antiquities, and Public Services Committee in
parliament on Tuesday that RJ lost key revenue sources after some of its
business was privatized.
Other reasons, he said, included fuel monopoly and
its exorbitant costs, and failure to provide Royal Jordanian any preferential
or special treatment, although it competes with government-subsidized airlines
in the region.
Of the total
accumulated loss of JD321 million, or 99 percent of RJ’s capital, JD161 million
was the direct result of the coronavirus pandemic, during which air traffic
came almost to a standstill, Majali said.
He also told the lawmakers that the company is
currently in discussions with the government to raise its capital by about JD70
million.
RJ is reevaluating its destinations and plans to increase
its routes to 60 worldwide, in addition to updating its fleet, as part of its strategic
plan for the next five years, he said.
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