The domestic aviation industry in India has recovered sharply in the past one year since the announcement of the car ban, although the COVID-19 epidemic continues to build speed breakers as recent regional decisions to re-introduce difficult testing, and segregation requirements for travelers. However, unlike the domestic market, international air travel from India is far from over as special flights are currently allowed from India under bubble air arrangements being built with about 27 countries.
International passenger trains in India dropped by 90.56 percent to 18.55 lakh in March and December 2020. On March 22 last year, the Narendra Modi government recognized the ‘Janta homecoming period’ to curb the spread of coronavirus.
India has suspended scheduled international flights from the next day. Two days later, the country was completely invaded, and even scheduled domestic flights were stopped. Reduced tourism restrictions and epidemics have hit hard on Indian flights. Revenue from major carriers scheduled for Indians has dropped from Rs 46,711 crore in April-September 2019 to about rs 11,810 over the same period in 2020, Public Aviation Minister Hardeep Singh Puri told Rajya Sabha last month.
Desiring to survive, all the major airlines in India has taken drastic measures last year such as dismissing staff, reducing wages and sending employees unpaid leave. The total employment of Indian carriers was 74,887 as of March 31 last year, which dropped to 67,906 on September 30, Puri said in Rajya Sabha. Indian airlines currently operate approximately 70-75 percent of their pre-COVID domestic flights. India allows domestic carriers to operate at 80 percent of their pre-COVID pre-domestic flights. This cap will not be able to travel anytime soon as a new wave of the virus spreads to certain regions.
The epidemic has also slowed Air India’s investment process. After his unsuccessful attempt to sell the state-owned company in 2018, the government in January last year resumed the segregation process but the epidemic forced him to extend the date of submission of interest (EOI) five times. In the meantime, the names of qualified traders will be announced.
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