Aviation sector’s expectation of govt bailout unrealistic

Aviation sector’s expectation of govt bailout unrealistic

Aviation sector’s expectation of govt bailout unrealistic

However, the aviation advisory sets out several ways in which the government may support business, such as offering a moratorium on airport and road costs, interest and principal fees, and tax liabilities.

In its third update on COVID-19 & Indian Aviation Industry Situation, CAPA says it is likely to take up to 12 months from the time the restrictions placed as a result of coronavirus are removed for Indian airlines to return to a 650 aircraft pre-Covid operating fleet. His projections suggest that within the next six-to-12 months the airlines will have an additional 200-250 excess aircraft in their fleets.

src : thehindubusinessline.com

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