Subscribe Free
in Business & Finance

ACI and IATA call for urgent financial assistance to protect jobs and operations

Posted 30 April 2020 · Add Comment

Airports Council International (ACI) World and the International Air Transport Association (IATA) have today come together to call for governments to quickly grant financial relief to assist airport operators and airlines during the unprecedented COVID-19 crisis and support the essential connectivity the industry will provide for economic recovery.

The industry is united with governments around the world in efforts to stop the spread of the virus, and, in the face of massive government imposed travel restrictions, the industry is doing all it can to maintain air cargo operations vital to supporting global supply chains, including medical shipments critical to fighting COVID-19.

 

The economic impact of these measures on all involved in the global air transport industry has been severe. With passenger demand plummeting to unprecedented levels, revenues are falling beyond the ability of even the most extreme cost-cutting measures to mitigate. Airports and airlines continue to face a financial liquidity crisis.

 

The current state of the global air transport industry risks the loss of millions of jobs. The aviation industry supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines, and supports $2.7 trillion in world economic activity[1]. As the COVID-19 pandemic continues to unfold, airports and airlines around the world are engaged in a battle to sustain essential operations and to preserve jobs.

ACI and IATA are calling for urgent balanced support to the industry via:

·       taxation relief, including alleviation of payroll taxes, corporate taxes, concession fees or other government incomes from the industry

·       loans, loan guarantees or direct support to maintain financial liquidity across the aviation ecosystem.

Some governments have recognized the urgency of action but time is running out for other governments to provide the necessary financial relief to keep the whole industry viable and ready to support a balanced recovery including ground handlers and other service providers at airports. 

 

“The financial impact of the current crisis is unlike anything we have ever seen and requires urgent action by governments to assist the aviation industry to protect jobs, ensure essential operations, and plan for recovery,” ACI World director general Angela Gittens said. “Urgent tax relief and direct financial assistance that is to the benefit of the entire aviation ecosystem is needed to help preserve millions of jobs, protect essential operations, and foster a balanced recovery. Preserving the continuity of operations for airports and airlines and protecting aviation jobs today will result in a faster economic recovery tomorrow.”

 

IATA’s director general and CEO Alexandre de Juniac said the situation could not be more dire.

 

“Governments will depend on aviation to be ready to lead an economic recovery when this pandemic is behind us,” de Juniac said. “Governments must act now with financial lifelines that only they can provide for airlines and airports to see them through these extraordinary times. Airlines and airports are in this together. The more financially stable our airport partners are, the more they can help the industry to drive a recovery in air travel that will jump start the global economy.”

 

Other Stories
Advertisement
Latest News

TATV - Newsround Feb 4: Bahrain's boost, Nigeria's plans and Dubai's training magic

The first TATV Newsround programme brings an overview of the main talking points in the news from the aviation, defence and aerospace industry in the emerging markets of the Middle East, Africa and South Asia.

Embraer’s Phenom 300 becomes world’s best-selling light jet

For the ninth consecutive year, Embraer’s Phenom 300 series has become the world’s best-selling light jet according to numbers released today by the General Aviation Manufacturers Association (GAMA).

Flydubai expands its operations to Romania

Flydubai has launched flights to Cluj-Napoca in Romania. The airline will operate twice-weekly flights between Dubai International (DXB) and Avram Iancu International Airport Cluj (CLJ) starting from 20 March 2021.

IDEX: Collins Aerospace targets Middle East fighter seats

Collins Aerospace is looking at upgrading the F-15 and F-16 aircraft in the Middle East with its next generation ACES 5 ejection seats.

IDEX: Israel’s Aeronautics makes IDEX debut

Israel-based Aeronautics Group, a provider of integrated turnkey solutions based on unmanned systems platforms, payloads and communications for defence and HLS markets, presented its Orbiter 4 STUAS and Orbiter 1K Loitering

Qatar Airways Cargo joins Validaide as a Premium Member

Qatar Airways Cargo has joined Validaide Capabilities Platform as a premium member.

DIT DSO SK2101210421
See us at
Arab Aviation Summit BT1002230321IDEX 2021 BT26221World Defence Show 2022Aviation MENA 2021DAS21_BTAviation Africa 2021 BTNN