- The company has recorded losses of more than $200 million after supporting ticket prices throughout the pandemic
RIYADH: Lebanon’s Middle East Airlines (MEA) will start selling tickets in dollars or the equivalent black market rate in Lebanese pounds to ensure the continuity of its business, said Chairman Mohamad El Hout.
The company has recorded losses of more than $200 million after supporting ticket prices throughout the pandemic, he told Asharq Business.
MEA no longer has the ability to subsidize ticket prices, he said.
“The company cannot ensure continuity, while it charges the ticket price according to the exchange rate of 3,900 Lebanese pounds to the dollar, while it pays its dues in dollars or according to the black market price of more than 12,000 pounds. Accordingly, the company has no other solution,” he said.
It comes as the carrier continues to struggle with persistently low passenger numbers while the already weak tourism sector is not expected to recover in the near term.
The airline boss said MEA would continue to charge $50 for PCR testing, adding that the government does not support tests that are conducted for passengers arriving at the airport.
A Lebanese man who offered to sell his kidney to save his ill wife is the latest symbol of the troubled country’s economic collapse. Khalil Adnan Al Dgheiry offered his kidney for sale in a video posted to his personal Facebook account after his wife, who suffers from...
The state of Ohio on Thursday reported 17,225 new cases of COVID-19 in its weekly dashboard update, up about 1,000 from last week’s new case number. This week’s case total averages to about 2,460 new cases per day over seven days. Cases remain well short of the...
Cleveland-area mail carrier sold master blue box key to group that stole $1.5 million in fake-check scheme, feds say
A U.S. Postal Service mail carrier sold a master key that unlocked dozens of blue boxes across the region to a group that used it to steal mail and carry out a $1.5 million check-fraud scheme, according to federal prosecutors. The mail carrier, Cameron Proctor, sold...
Submit your event
We will be happy to share your events. Please email us the details and pictures at firstname.lastname@example.org
P.O. Box: 311001 Independance, Ohio, 44131
+1 (216) 269 3272