Royal Air Maroc 737-800. By Rob Finlayson Morocco's government has offered Royal Air Maroc (RAM) 1.6 billion dirhams ($193.3 million) to shore up its finances hurt by growing competition, lower sales and higher fuel prices, Reuters reported. The funds are part of a 9.3 billion dirham package to restructure the state-carrier from 2011-2016 and reduce its workforce by 30% by 2013. The government is expected to proceed with the partial privatization of the loss-making carrier, with ...

Subscribe to Access this Entire Article

"Royal Air Maroc receives $193.3 million government bailout" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.