Airspace ban cost Air India ₹490 crore - News Summed Up

Airspace ban cost Air India ₹490 crore


Air India incurred a loss of ₹491 crore due to the closure of Pakistani airspace, the government said on Wednesday adding it was a unilateral decision taken by the neighbouring country and it was up to it to revoke the ban. The loss suffered by Air India between February 27, when Pakistan imposed the ban, and July 2 translates into a daily loss of ₹3.8 crore. Indian carriers collectively suffered a loss of ₹548.93 crore, according to data provided by Minister of State for Civil Aviation Hardeep Singh Puri in the Rajya Sabha. SpiceJet suffered a loss of ₹30.73 and Go Air ₹2.1 crore until June 20. It is for Pakistan to decide.”Pakistan lifted the ban for most airlines but not on flights entering from its eastern border and via India.


Source: The Hindu July 03, 2019 19:21 UTC



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