The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.
In a letter dated Saturday and seen by Reuters, carriers wrote that "given the urgent and immediate need, it is essential that these funds be disbursed as soon as possible."
In many cases, duties are not being paid by importers due to temporary closure of manufacturing facilities
The country banned international flights for a week on March 20, and many states in the country have either curtailed or suspended public transport as preventive measures against the disease.
Refining margins for jet fuel plunged to minus 7 cents per barrel over Dubai crude on Monday, a level not seen in the last 11 years
Delhi is the busiest airport in the country with over 1300 flights daily which have now come down to 800-900 flights a day
Kapur has also been associated in the past with SpiceJet, where he handled the position of Chief Operating Officer
Airlines worldwide face an unprecedented existential threat as the COVID-19 pandemic, which has killed more than 9,000 people around the world, shuts down global travel.
Besides, both organisations had called for a limitation on extensive obligations to provide care and assistance in the event of cancellations due to COVID-19.
With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on the US government to provide at least $60 billion in access to liquidity
Globally, airlines have grounded aircraft and slashed flights as governments have suspended visas and restricted travel to stop the spread of Covid-19
At present, the sector is the worst affected due to the outbreak
The only bright spot for the airline is the cargo market, where rates are surging as a result of the loss of capacity in the belly of passenger aircraft as those flights are cut
"Demand is drying up in ways that are completely unprecedented," CAPA said in a report
Those with reservations face potentially steep losses for cancelling; those contemplating trips must weigh the risk of getting sick or being quarantined
Boeing expects changes to take roughly one week per aircraft, but it will do some of the work as it goes through the process of removing aircraft from storage
About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters
If you cancel your ticket, will you be refunded? Before you choose to go, here are a few things that will help you make the right choice
Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots
A one-way direct trip from Shanghai to Chengdu on Juneyao Airlines Co. this Saturday costs just 90 yuan ($13) plus 50 yuan in taxes