Page 37 - Aviation Sector

Aviation sector stares at Rs 25,000 cr revenue loss due to lockdown: Report

The losses would reverse the trend growth of 11% per annum the industry has logged over the past ten years, making it one of the most adversely affected sectors of the economy

Sanitisers to ticket price: 10 changes to note when India resumes flights

Facemasks and social distancing measures may become a common practice for airline passengers.

After Covid-19, clients will look at WFH issues: HCL Tech's C Vijayakumar

C Vijayakumar, president and chief executive officer of HCL Tech, tells Neha Alawadhi that though demand has fallen in some sectors, others continue to be strong.

No sign of bailout from govt yet, GoAir promoters tell employees

The low-cost airline has sent 90% of its employees on leave without pay till 4 May

Covid-19 crisis: PM Modi reviews aviation, power sectors' performance

Reviewing the power sector, the prime minister underlined its importance in propelling the economy. The need for an effective enforcement of contracts to attract private investment was also discussed.

India Inc wants govt to shift focus to economy amid Covid-19 outbreak

CEOs warn of economic depression, say need to work within new normal

Calibrated monetary, fiscal stimulus on anvil: Principal Economic Advisor

International passenger travel would remain shut for a long time, not for weeks but for months, he said citing examples of sectors which will continue to be non-functional

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Cash support, loans, tax holiday: Ficci seeks bailout package for aviation

It also pitched for deferment of term-loans by up to six months, 180-days credit window by the oil marketing firms and waiving of aircraft insurance premium, among others.

Revival, not survival

Going ahead, the government's policy actions for the aviation sector needs to be less myopic

IT firms stare at increasing client issues over coronavirus pandemic

With airlines industry being largely impacted, manufacturers like Airbus and Boeing are also expected to spend less on digital technologies

Airlines seek govt help to pay staff salary as coronavirus grounds aviation

According to a calculation by the government, Indian airlines are likely to operate only 30 per cent of their fleet for the next two months

Valuation of Air India set to take a knock amid coronavirus outbreak

The aviation industry is expected to make a loss of $67 billion in 2020 and several airlines are expected to file for bankruptcy in the coming months

Rumours & fears grip aviation sector as coronavirus dampens operations

Many in the industry argue that there will be at best three to four players over the long term, and that the weaker airlines will be weeded out

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Economic environment in aviation sector has deteriorated: IndiGo official

Asking the pilots to not believe any hearsay, Mitra added that the airline will keep them updated

Coronavirus: India mulls up to $1.6 bn rescue package for aviation sector

The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector

Coronavirus outbreak could make airlines bankrupt by May-end: CAPA

Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday

US airlines seek $50 billion government bailout after coronavirus outbreak

The US airlines warned that without action all of their members could run out of money by year-end - and even sooner if credit card companies stared withholding payments

No need for aviation sector to worry about coronavirus: Hardeep Puri

The civil aviation minister asserted that agencies under his ministry were able to effectively monitor airports against the spread of coronavirus without causing any panic