Indian airlines await govt bailout as other countries open their purses

Industry experts say after almost zero traffic in April, airline traffic has marginally improved to 30 per cent in July but not enough to pay for costs

As governments across the world are giving out billions of dollars of bailouts to the aviation sector to protect jobs, the Indian government has not come out with any aviation sector package saying the promoters of Indian airlines which includes the likes of the Tatas, the Bhatia family-Rakesh Gangwal, and the Wadias are rich and don’t want to use their own money to save their airlines. The airlines, however, have received the RBI package on loan moratorium till September. Industry experts say after almost zero traffic in April, airline traffic has marginally improved to 30 per cent in July but