InvestorQ : With most airlines hit by the Coronavirus, how will Indian airline companies like Spice Jet and Indigo survive in this market?
Arya Nanda made post

With most airlines hit by the Coronavirus, how will Indian airline companies like Spice Jet and Indigo survive in this market?

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Deepa Salunkhe answered.
1 year ago
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Airlines have been hit by travel cancellations, closure of tourist spots, withdrawal of package tours and cancellation of affected routes. That has hit airline industry in a big way and that is already visible in the airline number. Since airline companies have already started demanding a rescue package, the government of India is planning a rescue package worth $1.6 billion for the aviation sector. It has already been battered by the Coronavirus outbreak which has forced countries to close borders and brought air travel to a near-halt. The Finance Ministry could consider measures like temporary suspension of most taxes levied on the aviation sector, deferment of aviation fuel tax and other concessions to reduce the cost and simplify ease of operations.

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