The Aviation Industry Might Breath Again!!

0
219
The operator of the Mumbai international airport said on Sunday it will resume commercial passenger services on domestic routes from May 25.
Airline stocks, Representative image, Photo by Pixabay on Pexels.com

The Aviation sector in India as of now contributes $72 billion to GDP. India has 464 air terminals and airstrips, of which 125 air terminals are possessed via Airport Authority of India (AAI). These 125 AAI air terminals oversee nearly 78% of domestic traveler traffic and 22% of universal traveler traffic. Traveler traffic in India remained at 316.51 million during April 2018 – Feb 2019. Out of which domestic traveler traffic remained at 252.92 million while worldwide traffic remained at 63.59 million. The airplane development, traveler traffic and cargo traffic expanded by 4.9%, 4.5% and 3.1% separately in February 2019 vis-a-vis February 2018, over every single Indian air terminal taken together.

With the suspension of the civil aviation services from 25th March 2020, due the havoc of the COVID-19, it is absolute how the losses are incurred by the aviation industry in this phase. Now after the 2 month long phase the civil aviation industry would be resuming its services from 25th May 2020.

Although the services would start in the calibrated manner but news came as growth trends for the stocks of the aviation industry. Stock prices of airline companies like SpiceJet, IndiGo (Interglobe Aviation) and Jet Airways rose between five to nine percent in early trade on May 21. Jet Airways was quoting at Rs 20.30, up Rs 0.95, or 4.91 percent with pending buy orders of 4,855 shares, with no sellers available. SpiceJet was quoting at Rs 42.95, up Rs 2, or 4.88 percent with pending buy orders of 876,162 shares, with no sellers available. InterGlobe Aviation was quoting at Rs 974.25, up Rs 62.35, or 6.84 percent on the BSE. 

Also, the Union Minister for Civil Aviation Hardeep Singh Puri on Thursday issued certain guidelines for the operations of the services. He also set the upper and lower limit of the fair price. All the air travel courses have been partitioned into seven segments dependent on the span of flights running from 40 minutes to 210 minutes. “The principal band, which would have its particular lower and furthest constraints of air admission, will comprise flights that are of under 40 minutes span. Second, third, fourth and fifth groups of furthest breaking points would be trips with spans of 40-an hour, 60-an hour and a half, 90-120 minutes and 120-150 minutes,” Union Minister Hardeep Singh Puri said. Social distancing requirements are not met even if middle seats in flights are kept vacant, so we will fill up middle seats, Puri said. Only 33% flights will be allowed to work from metro to non-metro urban communities where week after week takeoffs are more than 100. For every single other city, aircrafts are allowed to utilize the 33.33% limit of the endorsed summer plan 2020. 40% of the seats in any flight should be sold at the mid-purpose of the lower and upper air charge limits endorsed for any course by the specialists. Prices will be controlled and will be in a fixed range with a base and a most extreme toll previously set for the course.

On account of Delhi, Mumbai the base charge would be Rs 3,500 for an excursion between 90-120 minutes, most extreme admission would be Rs 10,000. This is usable for 3 months – till one moment to 12 PM on 24th August. On the off chance that a traveler doesn’t have the Aarogya Setu application on her or his hand-phone for reasons unknown, she or he can give a self-assertion structure. Such a traveler won’t be halted from loading onto the flight.

Further there are several other guidelines like for the passengers:

  • Passengers should continue to wear the mask throughout the journey.
  • Passenger to get down of the vehicle with the mask on with required document or e-document
  • Passenger to arrive at the thermal screening facility near the entry gate.
  • Passenger to get himself or herself checked for the temperature and display the status of the Aarogya setu app at the entry gate.
  • In case of non- availability of Aarogya setu the passenger should be facilitated to visit the centre where the app can be installed.
  • Passenger to show his/her identity card, boarding pass/ e boarding pass at the entry gate.
  • Passenger to complete all procedures at least 60 mins before the departure.

All these norms are to be strictly followed by the passengers.

Although it’s a slow start for the aviation industry but as the time passes things will turn up in the same way. While now it can be a good time for the investors to invest their money in this industry as if the situation goes according to the planned manner this industry might show numbers in the future. But as the rule of the market always remains the same that one should wait for returns. The longer you invest the higher returns you can have. Yet there is certain risk but higher the risk gives the higher profit.

If you like this article, don’t forget to give this a thumbs up below, and keep supporting OoWER.

Leave a Reply