NEW DELHI: COVID-19-hit aviation sector of India is bracing for a huge impact as Ministry of Civil Aviation has ordered suspension of all domestic flight services, except solely cargo-carrying flights beginning Tuesday midnight for an “undefinite period” to contain spread of the pandemic.
Kinjal Shah, Vice President at the Investment Information and Credit Rating Agency (ICRA) said that even though industry load factor has been very low in the last few days, a complete shutdown will have a huge finance impact.
