Question
1.There has been an overall loss of $3.3- 3.6 billion, that has been incurred by the Indian aviation sector, which includes, airports, airlines and ground
1.There has been an overall loss of $3.3- 3.6 billion, that has been incurred by the Indian aviation sector, which includes, airports, airlines and ground handling agencies during the period of April - June 2020. According to the International Air Transport Association, airlines globally can lose in passenger revenues of up to $113 billion due to this crisis.Virgin Australia, Air Mauritius and four subsidiaries of Norwegian have already filed bankruptcy. Not just that; Virgin Atlantic owner Richard Branson is also currently trying to keep the airline afloat. Popular airlines like Air France, KLM and Lufthansa have also filed request to obtain multi-billion Euro loans from the government in order see this troublesome phase through.
The airline business, for an emerging economy like India, is presumed to be a fast growing sector. However, it has been facing a financial burden even during pre Covid times. What measures would you want the government to take to help the sector sustain itself?
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