NEW DELHI: Indian airlines are currently in “grave and immediate danger” of insolvency as a result of disruption in air travel due to the coronavirus pandemic that can reduce about 5.75 lakh jobs in the Indian aviation industry, global airlines body IATA has told Prime Minister Narendra Modi.
In a letter to the PM dated March 24, Alexandre De Juniac, Director General of the International Air Transport Association (IATA), said, “IATA estimates that COVID-19 could result in a 9 per cent loss in passenger volumes and US$2.1 billion loss in passenger base revenues for the air transport market in India in 2020”.
India is currently under a 21-day lockdown from March 25 to curb the spread of coronavirus. Therefore, all domestic and international commercial flights have been suspended during this period.
