Published 14:28 IST, March 20th 2020

Air India waives rescheduling charges for booking till May 31 amid Coronavirus pandemic

Global aviation consultancy firm CAPA stated that if coronavirus infections continue then by the end of May 2020, most airlines in the world will be bankrupt

Reported by: Devarshi mankad
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Air India has anunced that passengers will t be charged for rescheduling ir tickets and that passengers who are wanting to book tickets for travel up to December 31, 2020, can do so free of cost up till May 31, 2020. anuncement comes in wake of Coronavirus pandemic that has gripped nation. Earlier, Vistara and GoAir also anunced cancellation of international flights. 

READ: COVID-19 Crisis: IndiGo Anunces Pay Cut Ranging From 15-25% Amid Operation Curtailment

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Air India waives charges 

aviation industry is entering troubled times since governments across world have banned individuals from certain countries that have been heavily affected by virus. 

Global aviation consultancy firm CAPA on March 16 stated that if Coronavirus infections continue n by end of May 2020, most airlines in world will be bankrupt. global consultancy firm added that a coordinated government and industry action was needed to avoid catastrophe.

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A statement release read, "Cash reserves are running down quickly as fleets are grounded and what flights re are, operate much less than half full. Forward bookings are far outweighed by cancellations and each time re is a new government recommendation it is to discour flying. Demand is drying up in ways that are completely unprecedented. rmality is t yet on horizon.

READ: Go Air Suspends International Operations Due To Coronavirus Pandemic

On Thursday, Low-Cost Carrier Indigo anunced a pay cut for all employees in order to decrease losses suffered by airline. airlines also mentioned that senior vice presidents and above would take a 20% pay cut while salaries of cockpit crew would be cut by 15%. At same time, Dutta stressed that he would himself take a 25% cut in salary. Highlighting substantial loss in revenue, he said that very survival of airline industry was at stake.

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GoAir has anunced a suspension of all international operations with immediate effect till April 15 whereas SpiceJet has anunced a partial suspension of its international operations. 

READ: BIG: Modi Govt Restricts International Flights From Landing In India Between March 21-29

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government on Thursday anunced that international flight will be allowed to land in country between March 22 and March 29. ban will include Indian citizens who want to return to country during mentioned period. " commercial aircraft shall land in India after midnight falling between March 21 and March 22 till midnight falling between March 28 and March 29. se are temporary measures being anunced to contain spread of COVID-19 virus and will be reviewed later," Lav Agarwal, Joint Secretary, Ministry of Health and Family Welfare.

READ: Most Airlines Could Go Bankrupt By End Of May, Says CAPA Amid Coronavirus Outbreak

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14:28 IST, March 20th 2020