Saturday, September 05, 2020

With Airlines Showing Signs of Revival, Is India's Aviation Industry Inching Towards a Comeback?

The pandemic has led to a financial crisis for the entire global aviation industry. The scenario has been much more deplorable however for the Indian aviation industry, which was already in a deep financial mess prior to COVID-19.

India's biggest private airline Indigo, which has posted record net loss $379.2 million in the April-June period of financial year 2020-21, has hinted towards shelving a $533-million fundraising plan via stock sale if air travel picks up.

Is this a sign of the gradual revival of the airline industry?
Read what experts say >>

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