IATA Says Disappointed with India's Package to the Aviation Industry

《IATA Says Disappointed with India's Package to the Aviation Industry 》

The International Air Transport Association (IATA) has urged the government to support airlines in India.

“We are a bit disappointed by the financial relief announced (as) almost nothing is devoted for airlines,” said Alexandre de Juniac, IATA’s Director General (DG) and Chief Executive Officer, on Friday evening.

The IATA’s DG said that there is likely to be a 47 per cent decline in passengers carried by Indian airlines while revenues will be $11 billion less than last year and about three million jobs could be at risk. The IATA DG was participating in a webinar on Designing a sustainable roadmap for the revival of Indian aviation, organised by the CAPA India.

"Airlines and airports are running out of money. Getting the aviation system back on board will help the economy,” adding airports globally are likely to see 4.6 billion fewer passengers as compared with the 3.3 billion passengers which had been predicted in April this year. ACI predicts that revenues for global airports could be at around $97 billion which is a 57 per cent drop from earlier.

By supporting the aviation industry, I feel that it will also benefit other industries directly and indirectly, especially the tourism sector. The retail and hotel industry will also benefit greatly when the aviation industry is performing well. Thus, it is important to help local airports and airline-related businesses to ensure that they have the capital to survive through the pandemic and emerge stronger as compared to other competitors. This will definitely have a direct impact on the economy.