Airlines,

The group also requested the government to give them access to emergency lines of credit to fund six months of operations of airlines and other aviation-related companies, “in order for the industry to remain viable until overall demand recovers.”

“We request that upon the lifting of the ECQ hopefully by April 14, uniformity in aviation transport regulations would be implemented in the entire country, and that LGUs be mandated to align with National Government,” it added.

To ensure airlines successfully recover, ACAP said they need a “long-term facility with attractive rates or a guaranty facility to allow them to restructure their debt at manageable levels, and secure better terms from aircraft lessors, bankers and creditors.

Lastly, the local airlines sought a full waiver of all navigational and airport charges, which include airport office rentals and land leases, until the end of 2020.

“ACAP member-airlines assure the government that these financing will be used for legitimate business stabilizaton purposes with the corresponding corporate governance in place,” the local airlines group said.

Sought for comment, Finance Secretary Carlos G. Dominguez III told BusinessWorld in a mobile phone message that they “will ask the BSP (Bangko Sentral ng Pilipinas) to support the banks that support their clients, including airlines.”

Transportation Assistant Secretary Goddes Hope O. Libiran, speaking for Transportation Secretary Arthur P. Tugade, said in a mobile phone message that ACAP’s request will be discussed during a meeting of the Inter-Agency Task Force (IATF) for the Management of Emerging Infectious Diseases.

The International Air Transport Association (IATA) last week said without government support, up to 50% of global airlines face possible bankruptcy in the coming weeks. IATA estimated revenue losses from the COVID-19 crisis to reach over $250 billion this year.

Earlier, the Australia-based Center for Asia Pacific Aviation (CAPA) has said airlines in Asia-Pacific countries, including the Philippines, will be the most badly affected by the COVID-19 pandemic.