Aviation industry may take a big hit: Govt note
Domestic and international air traffic to and from India may decline by at least 50% in the current financial year because of the Covid-19 pandemic, causing significant job losses and force some airlines to ground aircraft to tide over the situation, according to an official note reviewed by Hindustan Times on Monday.
Meanwhile, the tourism ministry has cited Confederation of Indian Industry (CII) estimates to suggest that the loss of revenue to tourism can range between Rs 72,000 crore and Rs 1.58 lakh crores in 2020-21. According to the ministry, branded hotels will take the biggest hit in the tourism sector, followed by tour operators.
The civil aviation ministry’s note also stated that the sector and its stakeholders were focusing on reforms for a sustainable, safe and efficient revival of the aviation industry. The government suspended domestic and international flights in March to control the spread of the coronavirus disease pandemic; they have since resumed in a limited way.
