Struggling in the face of the coronavirus outbreak, the domestic ground handling industry has sought stimulus package, including 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 airlines operations, has lost as much as 90 per cent of the business amid suspension of all commercial air passenger services due to the lockdown to tackle the coronavirus pandemic.
However, cargo and special flights have been kept out from the lockdown. “I think it is also important for the government to have a very structured approach to such kind of situations. It has to be a balanced economic stimulus to everybody. We haven’t got any stimulus except for advisory from the RBI to the banks to help us on a three-month moratorium, which is not enough.
