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Covid-19 fallout: Airbus, Boeing results show turbulent times for aviation

Given the nationwide lockdown and weak travel sentiment, global aviation consultancy CAPA revised downwards estimates for India's air traffic for the for FY21 from 80 to 90 million to 55-70 million

The indefinite suspension of flights has not only dried the revenue for IndiGo and SpiceJet, it has also led to deferment of aircraft deliveries due to difficulty in lease payment.
The indefinite suspension of flights has not only dried the revenue for IndiGo and SpiceJet, it has also led to deferment of aircraft deliveries due to difficulty in lease payment.

The skies are far from clear for the Indian aviation sector as the Covid-19 pandemic continues to withhold airlines such as IndiGo and SpiceJet from flying. A recent government suggestion to begin operation between green zones has been shot down by the airlines, calling it commercially unviable. Amid this, US-based aircraft manufacturer Boeing has now said that air travel could take at least 3 years to recover to 2019 levels. “Fundamental growth drivers remain intact but it will take 2-3 years for air travel to return to 2019 levels and a few more years to return to long-term ...