If you read the latest headlines about ZIM’s Q1 ’20 performance, for a second you’d be forgiven for thinking that the Israeli group remains severely financially stretched, in a rather difficult market.

While it is true that, as research house Alphaliner recently pointed out, it has not received state aid for years…

… covenants were amended when they were breached not long ago, and its structural soundness should not be taken for granted although, as with most government-owned carriers, state intervention is often ...

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