Private airport operators send SOS to govt, say operations unsustainable
India’s private airport operators have sought urgent relief from the government to ensure sustaining operations at airports and save jobs.
The Association of Private Airport Operators (APAO) on Wednesday issued a statement saying they “are not generating sufficient cash flows to sustain operations, and meet debt obligations.” Further, their downgraded credit ratings “have made it impossible to take further financing support from financial institutions” and “there is a worry that many (sectoral) jobs will be lost.”
APAO counts operators of Delhi, Mumbai, Hyderabad, Bangalore airport as its members
Airport apex body says aeronautical revenues have reduced by 75-80 per cent. Hit by the Covid-19 pandemic, Indian airport operators are struggling with a severe cash crunch, according to APAO.
