Covid-19: Private airports seek urgent relief from government

India’s private airports have sought urgent relief from the government for sustaining operations and save jobs as they struggle to remain afloat in the ongoing Covid-19 pandemic.

“Airports are not generating sufficient cash flows to sustain operations, and meet debt obligations. Poor cash flows and consequently downgraded credit ratings have made it impossible for airports to take further financing support from financial institutions,” the Association of Private Airport Operators(APAO) said in a statement.

It said airports had to incur additional operating expenses as well as operational capex due to re-designing of infrastructure and SOPs for containment of Covid-19.