Aviation consultancy CAPA on Wednesday projected initial losses of USD 3.3-3.6 billion for the Indian aviation industry in the first quarter of FY2021 in the eventuality of all air services including domestic remain shut until June due to the coronavirus pandemic.
The pandemic has had a significant impact on the aviation industry due to the stringent border controls by a host of countries and imposition of the travel ban on the people of other nationalities to contain the virus infection.
The Indian government has also suspended all air services among the several measures to prevent if from getting a large part of the population infected.
“ India’s aviation sector could incur losses of USD 3.3-3.6 billion in 1QFY2021. Assuming that all domestic and international operations remain grounded until Jun 30,” the Centre for Asia Pacific Aviation (CAPA) India said in its preliminary report.
