{"id":344206,"date":"2020-03-30T11:01:18","date_gmt":"2020-03-30T05:31:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344206"},"modified":"2020-03-30T11:26:15","modified_gmt":"2020-03-30T05:56:15","slug":"indias-air-travel-industry-jolted-by-covid-19-in-grave-danger-of-insolvency-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-air-travel-industry-jolted-by-covid-19-in-grave-danger-of-insolvency-iata\/","title":{"rendered":"India&#8217;s air travel industry jolted by COVID-19, in grave danger of insolvency: IATA"},"content":{"rendered":"<p>India&#8217;s carriers are in grave danger of insolvency in the wake of the COVID-19 pandemic, according to the International Air Transport Association (IATA). <\/p>\n<p>The current industry crisis is much worse and more widespread than 9\/11, SARS or the global financial crisis, IATA Director General and CEO Alexandre de Juniac said flagging the issue to Prime Minister Narendra Modi. <\/p>\n<p>&#8220;Prior to the outbreak, India\u2018s air transport industry\u2019s economic contribution was estimated at $35 billion, supporting 6.2 million jobs and contributing 1.5 per cent to the GDP in India. <\/p>\n<p>However, COVID-19 has led to the destruction of air travel demand on an unprecedented scale,&#8221; he said in a letter to Modi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s carriers are in grave danger of insolvency in the wake of the COVID-19 pandemic, according to the International Air Transport Association (IATA). The current industry crisis is much worse and more widespread than 9\/11, SARS or the global financial crisis, IATA Director General and CEO Alexandre de Juniac said flagging the issue to Prime Minister Narendra Modi. &#8220;Prior to the outbreak, India\u2018s air transport industry\u2019s economic contribution was estimated at $35 billion, supporting 6.2 million jobs and contributing 1.5 per cent to the GDP in India. However, COVID-19 has led to the destruction of air travel demand on an [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-344206","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=344206"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344206\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}