RJ receives JD70m in government support

RJ Flickr
(File photo: Jordan News)
AMMAN — The government recently provided Royal Jordanian (RJ) some JD70 million in support, out of the JD200 million the company had requested, to shore up its finances following losses reported during the COVID-19 pandemic, Al-Mamlaka TV quoted RJ CEO Samer Al-Majali as saying.اضافة اعلان

Majali said the company had asked for government support to raise its capital and thus be able to match the size of its business.

He pointed out that the company’s revenues had risen, but were affected by the rise in global fuel prices, and that RJ is trying to increase its revenues by adding new destinations and hiking ticket prices.

According to Majali, the company’s fuel cost increased from 25 percent to more than 40 percent, making it a major expense for the firm.

He said that RJ and the Jordan Tourism Board are jointly marketing Jordan abroad, primarily in Europe.

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