Will the Indian Government Help Struggling Aviation Sector Like Telecom
The airline industry is unlikely to get any help from the government. With the telecom sector, the government had a lot to gain. Further, if Vodafone Idea had gone down, it would have left the sector ailing with a duopoly which would have made problems worse for the centre.
- The Indian government recently bailed out the private telecom sector of the country.
- The airline industry is unlikely to get any help from the government.
- Most likely, airlines would have to struggle and make out of this alone.
The Indian government recently bailed out the private telecom sector of the country. But it isn’t the only sector that is struggling. The airline industry along with the travel and tourism sector has been severely hit. The reason behind this is widespread of Omicron variant COVID-19 cases. Indian Airlines were only recovering but that recovery has been cut short due to COVID-19 in early 2022. The budget is not even a month far from here. Just like everyone else, the aviation bodies in India want the government to offer some relief to the airline sector as well. Multiple airlines are struggling to maintain cash flow and with fuel costs rising in the near future, it is going to be even more difficult.
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