Indian aviation industry stares at losses of up to $3.6 billion

Indian aviation industry stares at losses of up to $3.6 billion

Aviation consultancy CAPA on Wednesday projected initial losses of $3.3-3.6 billion for the Indian aviation industry in the first quarter of FY2021 in the eventuality of all air services including domestic remain shut until June due to the coronavirus pandemic. The pandemic has had a significant impact on the aviation industry due to the stringent border controls by a host of countries and the imposition of the travel ban on the people of other nationalities to contain the virus infection. The Indian government has also suspended all air services among several measures to prevent it from getting a large part of the population infected.