Moroccan Tourism Transport Firms Face Vehicle Seizures Amid COVID-19 Crisis

"For a few weeks now, credit and leasing companies have indeed sent several colleagues formal notices with bailiffs before starting the vehicle seizure procedure," Rachid Bouamara, the delegated president of the National Federation of Tourist Transport (FNTT) affiliated with the CGEM, told Médias24.

According to his explanations, tourist carriers are unable to meet their creditors’ deadlines. Since their activity has been completely at a standstill, they have no income. "This threat of seizure is worrying, when we know that at least 75% of the 1450 tourist carriers, or 1087 companies, have acquired one or more vehicles on credit, and that 80% of our economic fabric is made up of small businesses operating between 1 and 5 vehicles," explains Rachid Bouamara.

Faced with this situation, he says he has sent correspondence to the professional association of financing companies, the economic monitoring committee and the Minister of Finance without getting any reaction. "Without a rapid reaction from the authorities, more than 1000 companies risk having their means of production, namely their fleet of vehicles, seized," warns the president of the FNTT.