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RAM: The stranded fleet costs MAD 2 billion per year

The immobilization of the majority of the fleet of the company Royal Air Maroc (RAM) could be maintained at the level of 30% during the coming years. Air traffic should not return to its 2019 level until 2024.

Heavily impacted by the health crisis, air traffic at Moroccan airports is down 70.16% compared to 2020 and 73.9% compared to 2019.

According to data presented to the House of Representatives by the Minister of Solidarity, Social Development, Equality and the Family, Jamila El Moussali, on behalf of the Minister of Tourism, the decline is expected to persist until 2023 and air traffic should not return to its 2019 level until 2024.

As for Royal Air Maroc, the majority of the aircraft fleet has been grounded, an asset that could be maintained at 30% over the next few years. According to forecasts, 40% of the air traffic activity could be exploited this year.

The immobilization costs MAD 2 billion annually. Hence the adoption of a restructuring plan for the airline which received a subsidy of MAD 3.4 billion to maintain the national fleet.

The decline in tourism activity continues

At the end of March, 430000 tourists visited Morocco, down 78% from the same period of the previous year.

Tourism receipts amounted to MAD 5.3 billion during the first three months of the year, a decrease of 69% compared to the same period of the past year.

Stopping on the contractual program for the support and revival of the tourism sector 2020-2022, the presentation of the minister in charge reports 5518 tourism companies having filed their declarations to benefit their employees from this support which concerns more than 79000 people. At the end of April 2021, more than 3000 tourist guides had been declared out of a total of 3390 beneficiaries.

In addition, holiday vouchers have been proposed as a mechanism offered by the employer to encourage internal tourism. The decree relating to this mechanism is in the process of being approved.

Nadia Fettah’s department is also developing in-depth studies and field research focusing on the external and internal markets in anticipation of the upturn in tourism activity.

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