Outcry in the air transport industry, 13 lakh crores should be removed from coma
Kovid has injured the entire air transport industry, including India, from bottom to top so that it is no longer fit to fly freely in the sky by spreading its wings. Including aircraft manufacturing companies, air lines, airports and air navigation service providers have suffered an unprecedented loss of Rs 35 lakh crore.
The air transport industry suffered five setbacks in the last twenty-two years. In this, Kovid played the role of 'Mega Shack'. The Asian crisis in 1998, the terrorist attack on the US in September 2001, the SARS outbreak in 2003 and the global financial crisis (Lehman) in 2008, were the fifth heaviest. Experts say that the industry went back eight to ten to fifteen years in various cases. It will take at least four to six years to reach the level of 2019, even if the conditions will be normal.
Let's start with our country. India canceled air services in 2020 from March 23-25. Domestic services partially opened from May 25 and the Vande Mataram Mission was also launched in May with the objective of bringing Indians stranded abroad. IndiGo incurred a loss of Rs 2884 crore in the first quarter April-June 2020 of the current financial year, Rs 1194 crore in the second quarter July-September and Spice Jet Rs 600 crore and Rs 112 crore, along with 10 to 30 in salary. Percent deduction applied. Goyer sent most of his staff on unpaid leave in April.
Vistara also tried to reduce the loss without paying leave. Needless to say anything about Air India. Information collected through various channels, including the International Air Transport Association (AITA), Air Ports Council International (ACI), KPMG, Airbus Industries and Center for Aviation (CAPA), shows that the cooling of global tourism in Kovid-19 Air. The transport industry was hit by passengers. At the same time the air transport of goods upholstery was also affected.
In this way, there are some 5000 air lines in the world, including small, medium and big. Of these, financially sound air lines are few. It is the richest delta air lines in the world in terms of income, market capitalization, assets, worth Rs 4.32 lakh crore. The largest fleet of aircraft is owned by the American Airlines Group. It has assets of Rs 4.24 lakh crore. Both of these are American. The German company Lufthansa has the highest number of employees. It comes in third place on the basis of assets.
The outbreak of Kovid resulted in the bankruptcy of Thai Airways, South African Airways, and Euro Wings. Virgin Airways forced 3 thousand employees, including 600 of its pilots, to take leave. Lufthansa Airline is operating 72 aircraft in two installments. Fin Airways set off 12 aircraft and dispatched 2400 employees on leave. Fiji Airways forcibly discharged 700 employees.
More or less the same situation has happened to Norwegian Air Lines, Brussels Airline, Airmariscus, IAG (British Airways), Lux Air Ryan Air, Viz Air, HOP, and U (YOU). Emirates Airways, which was suffering from passenger shortage, boarded 38 aircraft of 'A380' category. He has also asked all the employees to take leave. Etihad Airways has issued instructions to 720 employees to go on leave. The situation came down to the level of the year 2008. Around 16900 passenger jets are currently operating in the world. Twelve years ago, in 2008, 17000 aircraft were arriving. In the final round of 2019, 23600 aircraft were serving passengers.
Now look at the aircraft manufacturing sector. Purchase orders for about 600 aircraft from the Chicago-based Boeing manufacturer were canceled. Boeing's rival France-based Airbus Group has more than 55 newly built aircraft waiting for delivery. At the beginning of the year 2020, more than 28 thousand aircraft in the world were engaged in passenger transport and some 3 thousand aircraft were engaged in freight.
Sector-wise data from the International Civil Aviation Organization (ICAO) shows that the air transport industry suffered the largest loss of Rs 8.4 lakh crore in the Asia Pacific region. There was a loss of Rs 7 lakh crore in Europe, Rs 6.16 lakh crore in the US, Rs 1.54 lakh crore in the Middle East, 1.82 lakh crore in Latin America and Rs 98 lakh crore in Africa. Apart from this, airports suffered a loss of Rs 8.05 lakh crore and navigation service providers a loss of Rs 91 thousand crore.
Governments of various countries are also providing packages to overcome the crisis. However, this industry used to give tax revenue of 7 lakh crore rupees annually to the governments as a whole. According to experts estimates, the industry needs Rs 12-13 lakh crore for revival.
Prantesh Narayan Bajpai
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