Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
ACI and IATA Call for Urgent Financial Assistance to Protect Jobs and Operations
 
  •  Financial relief will assist the industry to lay foundation for a balanced recovery
 
 
Dubai, United Arab Emirates, May 02, 2020:    Airports Council International (ACI) World and the International Air Transport Association (IATA) have today come together to call for governments to quickly grant financial relief to assist airport operators and airlines during the unprecedented COVID-19 crisis and support the essential connectivity the industry will provide for economic recovery. 
 
The industry is united with governments around the world in efforts to stop the spread of the virus, and, in the face of massive government imposed travel restrictions, the industry is doing all it can to maintain air cargo operations vital to supporting global supply chains, including medical shipments critical to fighting COVID-19.  
 
The economic impact of these measures on all involved in the global air transport industry has been severe. With passenger demand plummeting to unprecedented levels, revenues are falling beyond the ability of even the most extreme cost-cutting measures to mitigate. Airports and airlines continue to face a financial liquidity crisis.
 
The current state of the global air transport industry risks the loss of millions of jobs. The aviation industry supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines, and supports $2.7 trillion in world economic activity . As the COVID-19 pandemic continues to unfold, airports and airlines around the world are engaged in a battle to sustain essential operations and to preserve jobs.
 
ACI and IATA are calling for urgent balanced support to the industry via: 
 
• taxation relief, including alleviation of payroll taxes, corporate taxes, concession fees or other government incomes from the industry
• loans, loan guarantees or direct support to maintain financial liquidity across the aviation ecosystem. 
 
Some governments have recognized the urgency of action but time is running out for other governments to provide the necessary financial relief to keep the whole industry viable and ready to support a balanced recovery including ground handlers and other service providers at airports.  
 
“The financial impact of the current crisis is unlike anything we have ever seen and requires urgent action by governments to assist the aviation industry to protect jobs, ensure essential operations, and plan for recovery,” ACI World Director General Angela Gittens said. “Urgent tax relief and direct financial assistance that is to the benefit of the entire aviation ecosystem is needed to help preserve millions of jobs, protect essential operations, and foster a balanced recovery. Preserving the continuity of operations for airports and airlines and protecting aviation jobs today will result in a faster economic recovery tomorrow.” 
 
IATA’s Director General and CEO Alexandre de Juniac said the situation could not be more dire.
 
“Governments will depend on aviation to be ready to lead an economic recovery when this pandemic is behind us,” Mr. de Juniac said. “Governments must act now with financial lifelines that only they can provide for airlines and airports to see them through these extraordinary times. Airlines and airports are in this together. The more financially stable our airport partners are, the more they can help the industry to drive a recovery in air travel that will jump start the global economy.” 


Posted by : Dubai PR Network Editorial Team
Viewed 7296 times
PR Category : Travel & Tourism
Posted on : Saturday, May 2, 2020  9:09:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Abu Dhabi Airports Collaborates With UAE Industry to Develop...
Next Story : Passenger Demand Plunges in March as Travel Restrictions Tak...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Add Extra Sparkle to Your Holidays With Make Up for Ever's 2020 Holiday Collection [7462-Views]
Discover the Ingredients [4977-Views]
A Warm Summer Rain in Winter: The New Head Shower GROHE Tempesta 250 [4686-Views]
Schneider Electric Unveils New Sustainable Energy Products at CES 2021 [4502-Views]
Samsung Introduces Latest Innovations for a Better Normal at CES 2021 [4498-Views]
Canon Recognizes 3 Leading Photographers from the UAE, KSA & Jordan for their Ambassador P... [4309-Views]
The University of Queensland wins Ericsson Innovation Awards 2020 [4145-Views]
Moonwatch now Master Chronometer Certified [4034-Views]
The Most Inclusive Range of Primers to Offer 24hr Correction for Any Skin Type, Any Skin T... [3727-Views]
What's your Colour Code? [3510-Views]
Bridgestone To Debut Virtual City of the Future, Showcase Mobility Solutions at CES 2021 [3497-Views]
Unique Spatial Sound Technologies for Ambient Room-filling Sound with Sony's Latest Premiu... [3132-Views]
World Gold Council ETF 2020 Report and Gold Outlook 2021 [3116-Views]
Herbal Essences Taps into Nature's most Powerful Ingredients with the new Potent Aloe Vera... [2972-Views]
Western Digital Delivers Unmatched Line Up of High-capacity Portable SSDS Across Its Renow... [2821-Views]
Giorgio Armani Collaborates with Parmigiani Fleurier to Create a Fine Watches Collection' [2706-Views]
Omega Dubai Desert Classic [2653-Views]
SEHA Commences the Administration of the Covid-19 Vaccine to UAE Community at 40 Locations [2374-Views]
Sony Exhibits at CES 2021 [2341-Views]
Lenovo Yoga Slim 7i Pro Laptop Now Features OLED Display [2284-Views]
Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief ... [2280-Views]
Middle East Hotels Ready to Capitalise on Workation Trend, says ATM [2218-Views]
Dubai Customs Gives Certificate Issuance Authorization to Registered Ducamz Car Dealers [2210-Views]
Dynabook Announces Arrival of New 11th Gen Intel® Core™ vPro Processors to Premium X Serie... [2128-Views]
‘Educators without Borders' to cover South Asia in partnership with India's Ma'din Academy [2128-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories