India’s finance ministry modifies ECLGS; raises loan limit to Rs 1,500 crore for aviation sector
NEW DELHI: India’s finance ministry has modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising loan limit under the scheme to Rs 1,500 crore from Rs 400 crore to help the COVID-hit industry tide over liquidity stress. Recognising that an efficient and strong civil aviation sector is vital for the economic development of the […]
‘Airport service providers need to reassess their business model’
NEW DELHI: As the pandemic has severely impacted the aviation sector, a report by Kearney has suggested that there is a need for airport service providers to reassess their business models to become more resilient to external shocks. The report noted that Covid-19 has brought the aviation sector to a grinding halt. External disruptions and […]
Aviation sector to take 6-24 months to recover from COVID-19 blow: Survey
NEW DELHI: The aviation industry may take between six months to two years to recover from the severe blow dealt by the coronavirus pandemic, according to a survey carried out by global consultancy ICF. The survey, conducted among senior and mid-level executives from across the world between late March and early April, also revealed that […]
UDAN a game changer for aviation sector
NEW DELHI: The regional air connectivity scheme has been a game changer for the aviation sector and 1 crore people will be travelling under the scheme after one year, a senior civil aviation ministry official said on Tuesday. The scheme — Ude Desh ka Aam Nagrik (UDAN) — seeks to connect unserved and underserved airports […]
Billionaire couple Abhishek Verma, Anca Verma launch new portal-AviationMirror for aviation sector
NEW DELHI: After NationalBusinessMirror, billionaire industrialist Abhishek Verma and his wife Anca Verma have launched an another news portal called www.theaviationmirror.com for aviation sector in New Delhi in the presence of JKS Media Group Editor, Sanjeeb Kumar Sahoo. The news portal is available on computers, tablets and smart phones. It focuses on Indian and International […]