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Coronavirus forces Asian airlines to ground over 1,000 planes

Credit damage likely to persist after crisis subsides despite government support

Korean Air passenger jets take a breather at Incheon International Airport on March 24. Many Asian airlines have drastically reduced flights and grounded fleets.   © Reuters

BANGKOK -- The air space above Asia is quickly becoming jetliner-free now that airline operators are grounding most of their planes, and in some cases entire fleets, as the coronavirus crisis rages and demand plunges. In seven economies that have imposed lockdowns or border control measures, over 1,000 airplanes are now parked on tarmacs.

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