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U.S. offers $58 billion aid to airlines as governments seek to avert bankruptcies

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SINGAPORE/DUBAI (Reuters) - Governments stepped up efforts on Thursday to help airlines hammered by a virus-induced travel slump, with the United States offering $58 billion (48.7 billion pounds) in aid, Singapore promising to keep its carrier aloft, and Australia easing competition rules.AirAsia, the region's biggest budget carrier, was the latest airline to announce sweeping cuts to its schedule..
Date Published: Mar 26, 2020
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