Covid-19: Airports Council seeks India to bail out airport, airline operators
Airports Council International (ACI), which represents 113 airport operators managing 602 airports in 49 countries of the Asia-Pacific and Middle East regions, has reached out to India’s civil aviation ministry seeking to bail out the players affected by Covid-19 virus outbreak.
The global body took to the notice of the Indian government that Covid-19 outbreak has “drastically impacted the airport business and is posing a serious threat to the financial sustainability of the airport industry in the most affected countries of the Asia-Pacific Region.”
ACI, which observed 25-50% falls in passenger traffic volumes in the region, has projected the industry to suffer revenue losses of at least $3 billion during first quarter of the year on a conservative basis. The airports in the Asia-Pacific region had reported a total revenue of $57 billion in the year 2018.
