Дата: 31-03-20 16:12BLOG: AVIATION FACING LONG ROAD TO RECOVERYThe recent outbreak of COVID-19 has sent aviation industry into a nosedive. With project revenue losses for airlines in 2020 estimated to be around USD 252 billion, for some the future of the industry may look bleak, writes Aviation Solution's Gediminas Ziemelis. The novel coronavirus has shaken up airlines’ schedules all around the globe. Lufthansa Group intends to ground 700 aircraft from their fleet of 755 aircraft. At the same time, SIA Group plans to keep only nine aircraft to operate the ongoing services. See also - ALL NEWS FOR THE DAY
Governments around the world have begun devising airline assistance plans to soften the impact. Australian government has announced to stop collecting taxes from domestic airlines in Australia. The move will save over USD 400 million for airlines by removing excise on fuel, security and air services taxes. The government of Chinese Taipei, home country to numerous airlines, has announced to have already prepared a financial aid plan for aviation companies amounting close to USD 1 billion. Both Swedish and Danish governments announced their support to SAS by each giving around USD 150 million, in total about USD 300 million to support the carrier amid COVID-19 pandemic. The French and Dutch governments are closely co-operating when it comes to Air France-KLM group. Members of the French government have hinted that the government is strongly considering either to inject capital or nationalise national carrier Air France. See also - ALL NEWS FOR THE DAY Previous examples show that governments have a wide variety of tools when it comes to supporting air transport industry. Some governing bodies choose to exempt airlines from paying taxes until the situation improves, others subside job positions or outright nationalise struggling carriers with hope to keep a vital mean of transport in place. It is encouraging to see governments focusing and supporting one of the most affected sectors in the world. With big financial aid packages reaching airlines and proper measures taken to control the spread of COVID-19 airlines are expected to recover in less than two years. See also - ALL NEWS FOR THE DAY While the pandemic is still ongoing some aviation markets have already started reporting figures indicating a recovery from COVID-19. One of the first and most affected markets by COVID-19 was China. The country saw a capacity drop amounting 75% compared to previous year. The capacity offered on domestic routes in late February had reached an all-time low of 4.2 million available seats. See also - ALL NEWS FOR THE DAY While China is quickly recovering, the same could not be said for Europe. At the moment, airlines are still battling with COVID-19, but analysts’ predictions for recovery aim at 2021 as there are hints of a strong economic improvement amid fiscal and central bank stimulus. See also - ALL NEWS FOR THE DAY While the future of aviation to some may look bleak, the example of China proves that aviation industry is set for a fast recovery after crisis of COVID-19. • Gediminas Ziemelis is a founder and chairman of Avia Solutions Group, one of the largest aerospace servicing companies presented in more than 67 countries. Джерело інформації: Airport World |
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