Business Standard

Covid-19-hit aviation industry requires $5 bn to stay afloat: CAPA

"Covid-19 will inflict an unprecedented financial impact on the industry. Airlines are the most vulnerable, with some carriers at breaking point," CAPA said

airlines, flights, aviation, plane, runway, airport
Premium

"Covid-19 will inflict an unprecedented financial impact on the industry. Airlines are the most vulnerable, with some carriers at breaking point," CAPA said.

Press Trust of India Mumbai
Coronavirus-hit domestic aviation industry requires a capital infusion of around $5 billion to keep it afloat as expected consolidated industry losses may stand at $6-6.5 billion this fiscal, an aviation consultancy and advisory firm has said.

However, structural issues, including the prevailing uncertainty, are unlikely to help them take advantage of the low crude prices and excess liquidity both globally and in India, and raise these funds, according to a presentation by the Centre for Asia Pacific Aviation (CAPA).

Aviation companies including in India are facing headwinds with many international airlines either going belly up or in administration for want

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 23 2020 | 8:56 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com