Home / Companies / News / Indian aviation sector in survival mode, needs viable revival: IATA CEO

Indian aviation sector in survival mode, needs viable revival: IATA CEO

He said it is particularly disappointing that the package of $123 billion in government financial aid that has been announced around the world, including $26 billion in the Asia Pacific region

IATA chief Alexandre de Juniac. Photo: Twitter @IATA

Premium

IATA is a member of ICAO's COVID-19 Aviation Recovery Task Force (CART), which is developing the global standards needed for the safe restart of aviation, de Juniac said. Photo: Twitter @IATA

BS Web Team PTI New Delhi

3 min read Last Updated : May 30 2020 | 12:01 AM IST

Indian carriers like many other airlines across the globe are in a "survival mode"due to the coronavirus pandemic and there is a need for sustainable revival of the domestic aviation industry, International Air Transport Association (IATA) DG and CEO Alexandre de Juniac said on Friday.

Speaking at a webinar hosted by the aviation consultancy Centre for Asia Pacific Aviation (CAPA), de Juniac also forecast the air travel demand in India to drop by 47 per cent and revenue by $11 billion this year over 2019 owing to the coronavirus pandemic.

"Much has happened in the last four months. We are experiencing an

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in