Deepak Talwar sheds light on The plight of the Indian Aviation Sector
Corporate Lobbyist Deepak Talwar analyzes the current scenario of the aviation industry with special focus on airline distress in the Indian aviation industry due to the virus (COVID-19) and the future of the industry which will be impacted by it.
Due to the major failures and bankruptcies, predicting financial distress set out as a warning system that helps not only companies but also their creditors, investors, auditors, and stock market regulators. The aviation market has already been facing a slowdown before COVID-19 hit the country. After COVID-19 the condition has become immensely problematic. Not only this has led to a loss of jobs but the overall impact on the economy has been devastating. Airlines constitute the heart of the aviation industry. Without airlines, airports and other allied sectors cannot thrive.
Civil aviation is capital intensive; astronomical investments and large mounted prices of airlines and airports mean that any holdup distresses their bottom lines directly. Traveling is one of the sectors worst hit by the second wave of Covid.
