Coronavirus Outbreak: Airports Ground Handling Industry Seeks Stimulus to Mitigate COVID-19 Impact
April 27, 2020
Mumbai: Struggling in the face of the coronavirus outbreak, the domestic ground handling industry has sought stimulus package, including a moratorium on interest on borrowings, waivers on certain fixed costs and deferment of statutory taxes.
The Rs 4,000-4,500 crore ground handling industry, which heavily depends on airline operations, has lost as much as 90 percent of the business amid suspension of all commercial air passenger services due to the lockdown to tackle the coronavirus pandemic.
