Covid-19 has brought India\u2019s aviation sector to its knees. The high double-digit growth is now a thing of the past, as travel demand is likely to recover only in the second half of FY21, as per rating agency Icra. Mint looks at the pandemic impact on the sector and the way out.<\/p>\n
How has covid-19 hit the aviation sector?<\/p>\n
Both domestic and international airline operations were halted by the Indian authorities after the covid-19 breakout. Thus, airlines incurred huge losses. Even after the operations resumed, passenger demand remained muted as people were wary of traveling. As a result, many airlines are sending back their leased aircraft to lessors and are planning operations with a limited number of aircraft. New fuel-efficient planes are being preferred over older aircraft. \u201cThe situation remains grim for airliners across the world and Indian carriers are no exception,” said a senior official of a global aircraft leasing firm.<\/p>\n","protected":false},"excerpt":{"rendered":"
Covid-19 has brought India\u2019s aviation sector to its knees. The high double-digit growth is now a thing of the past, as travel demand is likely to recover only in the second half of FY21, as per rating agency Icra. Mint looks at the pandemic impact on the sector and the way out. How has covid-19 hit the aviation sector? Both domestic and international airline operations were halted by the Indian authorities after the covid-19 breakout. Thus, airlines incurred huge losses. Even after the operations resumed, passenger demand remained muted as people were wary of traveling. As a result, many airlines […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-358929","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358929","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}