Govt plans relief package for domestic airlines ravaged by Covid-19: Report

The Centre is mulling a relief package to save Indias aviation sector which has been ravaged by the outbreak of coronavirus, sources said.

At present, the sector is the worst affected due to the outbreak. Airlines are forced to ground aircraft due to massive rate of cancellations, rebookings and truncated operations.

March has especially been hard on the sector, said an industry watcher citing domestic cancellation rate of 20 per cent.

This quarter had traditionally been considered as the lean season for the sector.

Accordingly, highly placed sources revealed that several meetings on the proposal have already taken place between the Aviation and Finance Ministry.