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Meanwhile, IATA asked private airports to have a reality check on their suggestion to impose a new levy at a time when passenger demand is plummeting on account of the COVID19 outbreak.

Coronavirus: Private airports want to levy extra charge with airline fares

13 March 2020 6:24 PM IST

March 13, 2020: Association of Private Airport Operators (APAO) urged government to allow levy a passenger facilitation charge as part of airline...

Execution period of the policy shall be from January 23, 2020 to June 30, 2020.

Coronavirus: China will pay airlines as per seat km to bring passenger flights back

9 March 2020 2:11 PM IST

March 9, 2020: Civil Aviation Administration of China (CAAC) on Friday, March 6 produced a notification that it will provide financial support for...

The ACI World Airport Traffic Forecasts 2019%u20132040 predicted $12.4 billion revenue for the first quarter in the Asia-Pacific region in the "business as usual" scenario.

Coronavirus: ACI projects $3 billion revenue loss for airports in Asia-Pacific

9 March 2020 10:50 AM IST

March 9, 2020: Airports Council International (ACI) Asia-Pacific urged regulators and governments to implement relief measures for local contexts as...

The brief named %u2018The Economic Impact of the COVID-19 Outbreak on Developing Asia%u2019 also reported that transport services in the country will lose up to Rs 14.28 thousand crore in the same scenario.

India’s GDP may shrink by Rs 2 lakh crore in case of major coronavirus outbreak, says ADB

7 March 2020 12:10 PM IST

March 7, 2020: In a brief on the impact of novel coronavirus on Asian economies released by Asian Development Bank (ADB) on Friday had estimated that...

The domestic cotton spinning industry is highly dependent on exports, particularly to China.

Coronavirus: Cotton industry suffers as China accounted for one-third of exports

6 March 2020 3:21 PM IST

March 6, 2020: The coronavirus outbreak in China has not spared India’s cotton yarn exports either and has started exerting pressure on yarn...

IATA estimated the potential impact on passenger revenues based on two possible scenarios: Limited Spread, Extensive Spread

Coronavirus: IATA updates aviation industry revenue loss estimate to $63-113 billion

5 March 2020 4:49 PM IST

March 5, 2020: The International Air Transport Association (IATA) updated its analysis of the financial impact of the novel coronavirus (COVID-19)...