Wednesday, April 01, 2020

ACI seeks relief package for airports in India, writes to PM Modi

Mumbai: Airport Council International, (ACI), the apex body of global airports, has estimated massive losses for Q1 FY21 for the Aisa-Pacific region due to the coronavirus pandemic. ACI said it estimated losses of $5.6 billion, which is a 45 per cent lower compared to original business-as-usual scenario.

ACI has written a letter to Prime Minister Narendra Modi seeking relief for the airports in India.

According to ACI, a prolonged outbreak of the coronavirus may result in a traffic volume loss of close to 1.5 billion passengers. An analysis of preliminary weekly passenger data from January to the middle of March at 12 major hubs in Asia-Pacific, including the Indira Gandhi International Airport, showed an average decrease in traffic by more than 80 per cent by the second week of March, compared to the same period in 2019.

The airport industry in the region employs more than 63 per cent of the aviation industry jobs. Many airports are currently implementing extensive cost containment measures, including unpaid leave for staff, temporary lay-offs, corporate travel restrictions, ending consultancy and external contracts, closure of terminals where technically possible, reduction and suspension of investments.
01/04/20 Business Line

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