ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »US airlines spurn loans, seek grants
Bloomberg US airlines probably will avoid applying for some $25 billion in loans under a federal aid package designed to help them survive the collapse in travel from the new coronavirus, according to JPMorgan Chase & Co. But the carriers will tap a similar amount in cash assistance for payrolls that should eliminate the risk of near-term bankruptcies, JPMorgan analyst …
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