The lifeline was provided to Qatar Airways after annual losses exceeded 50% of share capital and was later converted into new shares, said the airline's financial statement. Qatar Airways, which has slashed jobs and delayed new aircraft deliveries due to the pandemic, flagged in March that it would seek state support but had not until now disclosed the funding. The true impact of the crisis on Qatar Airways is unclear as global lockdowns continued beyond its financial year-end. Qatar Airways Group includes the airline, management of Qatar's international airport and other aviation assets. Air Italy, in which Qatar Airways held a minority stake, went into liquidation in February.

Source: bd News24 September 27, 2020 11:26 UTC