Sunday, August 12, 2018

Aviation industry facing headwinds, needs protection: Assocham

Mangaluru: Aviation, the sector which was showing an immense promise till about a year ago, is facing head winds with most of the airlines battling a survival issue, hit by rising fuel costs and other expenses, even as cut-throat competition is making aviation firms bleed, Assocham has said.

Expressing concern over the sector slipping into a worsening financial situation, week on week, Assocham said airlines need hand-holding across the board, irrespective of their status- whether in the private or public sector.

"While the government is injecting funds into Air India, private sector airlines can be given support by way of reduced taxation on aviation turbine fuel and a host of other levies by the Centre and state governments," Assocham secretary general D S Rawat said in a statement. “It is a highly employment-oriented sector, which needs to be protected”.
12/08/18 Jaideep Shenoy/Times of India