Korani's hit wicket ... the aviation field is slipping, turning

The Corona virus has cut off the wings of airline companies. Aircraft companies flying in the air have landed. For aircraft companies, it is a bit like a puddle. On the one hand, these companies were in the grip of a recession and now Corona has stepped up. The Celtic companies have reduced their flight, some have cut staff and some have started to cry for loss.

The situation in the aviation sector is so bad that if the government does not help that the corona virus is not diminished, many airlines will be on the bank list. It is said that Finance Minister Nirmala Sitharaman is planning to announce a bailout package worth Rs 10-12,000 crore. By the time Corona is in effect, air traffic is about to decline and companies' losses are likely to increase steadily .... Air India has closed flights to Europe-UK by March 31.

... SpiceJet has closed most international flights from March 21 to April 30.

.... Go Array has banned all flights from overseas to March 17 for an indefinite period.

IndiGo discontinues its Kuala Lumpur flight from March 17.

.... Vishwara has closed all overseas flights from March 23 till April 15 .. From the above list you will realize that 80% of these airlines' business has collapsed. Some have canceled flights until April 30, while Cutlock has specified a precondition.

In short, the airlines are paying the staff salaries and office expenses during this time. These companies have blamed themselves for the huge loss they have suffered. Indigo has cut its CEO salary by 25 percent and cut the salary of top executives by 20 percent. The crew member will receive a pay cut of five percent.

Air India is about to cut staff salaries and terminate contracts of agencies that assist it in working. IndiGo Air Lines has emailed its staff to inform them that the company is running at a loss due to the closure of Flyta so that every employee's salary will be cut by 25% from 1st April. The mail also states that the company's difficult situation should be understood.

The aviation sector is heading for liquidation, blaming the Corona virus on the false that some Indian air lines have been tossing around for some time. Unfortunately, the Corona virus has caused a break on tours abroad. Corona can be said to have hit another debt-hit company.

The important thing here is, when most of the air lines are heading for bankruptcy, who will buy Air India with a huge loss? The government has made concessions and said that NRIs will also be able to buy Air India. But nobody can think of buying Air India in the wake of this recession as well as the Corona virus. The government has extended the deadline to buy Air India till April 30.

No company in India is willing to buy one when it is losing, so the government has allowed NRI to buy 100%. Lufthansa Airlines has said it will collapse if the aviation industry does not receive government assistance. Qatar Airways has taken away 30,000 people. Lufthansa, Germany has parked 700 of its 763 planes and placed them in the side. He believes that nowadays flight would not be possible without government assistance. World Air Lines are losing $ 64 billion due to corona virus.

The airlines could afford the same costs as their elephants. Some of their expenditures were preventable but no one adopted economically.

The misfortune of the airlines was that they were not ready to improve the service and gave the salary to the staff. Today all airlines are paying their staff salaries and hiring employees on contract. It is decided that the aviation label will soon be flying over the aviation field.

Preparation of special package for aviation sector..but the pit is much older

The aviation sector (aviation sector) Modi government is planning to provide a package of 10 to 12 thousand crore. Corona virus has caused even more damage to the airlines closing flights. When Finance Minister Nirmala Sitharaman received a delegation from the aviation sector, Teman was heard and assured of assistance. It says that the fuel used in aviation is thought to be tax free and that some staff may also be considered for subsidies to pay them instead of paying. This will provide relief to the staff with daily wages. However, experts in the field say that government assistance cannot provide any relief to the deep debt of current debt.