Airlines need Government support in terms of a bailout package for revival: Kapil Kaul, CAPA

Kapil Talking on revival plan for airlines, Kapil Kaul, CEO & Director, CAPA South Asia during the TravTalk Digital Conclave said that every airline right now is waiting for a government bailout. “Airlines need government support in terms of a bailout package at the earliest. Airlines almost have no cash flow or no excess cash reserves. The revival of airlines posts COVID-19 crisis must be conditional based on international best practices. They need to have the cash for 2-3 months to function efficiently,” he said. Kaul further said, “If the crisis continues for a longer duration, we will have a smaller, shrinking industry. Possibly some exits possible as well. We might see consolidation in the market and possibly the repair would begin from thereafter.”