The Jordanian Government says that it will decide by the end of the year on a bail-out plan for its loss-making flag carrier.
A report on the restructuring proposes that Royal Jordanian's share capital is tripled to Dinar 210 million ($295 million), possibly including a debt-for-equity swap with local institutions. Under the plan, the airline's losses of Dinar 150 million would gradually be written off by the Government.
A public share sale is also in prospect once the carrier has been returned to profitability over the next couple of years.
Source: Flight International