Tag Archives: CAPA India

Hyderabad expected to recover closest to pre-COVID traffic, Mumbai to be furthest behind

CAPA India reveals that among PPP airports, Hyderabad is expected to recover closest to pre-COVID traffic at 31.3 per cent, while Mumbai will be the furthest behind at 52.3 per cent. This is according to its updated outlook for airports for FY2022. And though Mumbai’s recovery underperforms other metro airports, it may be possible for the airport to accelerate during the year and achieve higher volumes.

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Only 60% of pre-COVID inbound traffic allowed: CAPA India

Only 60% of the pre-COVID traffic is allowed to enter the country from a border control perspective, revealed a recent CAPA India report. The report states, “Although foreign business travellers and OCI holders are once again permitted to enter the country, India remains closed to leisure visitors, VFR travellers (unless they are NRIs or hold OCIs) and medical tourists. Only 60% of the pre-COVID traffic is allowed to enter the country from a border control perspective. Of which the majority is expected to defer travel given the risks and inconvenience associated with international travel at present.”

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Need for specialised Tourism Administrative Services

Kapil Kaul, CEO, CAPA India, has suggested that leadership and governance will be essential in making structural changes in tourism. “Since tourism is going to be very dynamic going forward, we may require a specialised Tourism Administrative Service, which has policymakers on the lines of IAS. Since tourism covers so many aspects, unless we have policymakers who specialise in tourism, institutional foundations can’t be fed. There is also a need for a legally empowered tourism council on the lines of GST council, which can comprise of union minister of tourism, state tourism minister, secretaries and all other experts whose job should only be focused on policy and regulatory effectiveness, competitiveness, ease of doing business, financing, education and training,” he recommended.

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Industry should push for structural changes: Kapil Kaul

Kapil Kaul, CEO, CAPA India, has said that Indian travel and aviation industry can use COVID for structural changes or reforms. “Indian travel and aviation industry must not push for tactical changes, but push for structural changes,” he said at the CAPA India webinar titled ‘Designing a Strategy for the Revival of Indian Inbound, Outbound & Domestic Tourism’.

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CAPA India report says India could still have 250-300 aircraft surplus by March 2021

India’s airlines could still have 250-300 surplus aircraft by March 2021, and could therefore be headed for an unprecedented consolidated loss of USD 4-4.5 billion in FY2021. Approximately 400-450 aircraft were grounded by end of Q2 2020. This figure is expected to improve slightly with 250-300 aircraft being grounded by end of Q4.

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Indian airlines need additional funding of USD 3-3.5bn in FY21

CAPA India in its webinar on ‘Financing Indian Aviation in the Post COVID-19 era’ projected that Indian carriers will require additional funding of INR 200-250 Billion in FYY2021 to bridge the gap between revenue and expenditure. According to CAPA India, the aviation industry in the country needs massive recapitalisation and urgently. Delays will further diminish the already compromised chances of survival. Industry and government collaboration is essential for survival and revival. Industry cannot navigate the crisis alone.

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Funding options for airlines: CAPA India

According to a research and analysis conducted by CAPA India recently, all funding options need to be on the table and fully explored by the Indian airlines to identify the most appropriate and viable for implementation. It includes the element of Original Equipment Manufacturing compensation. The industry’s financial challenges will become increasingly apparent from September-October. Promoters, bankers, private equity and the government are all unwilling to provide support given demand risk and uncertainty.

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Airports need to attract more non-stop, long-haul services: CAPA India

In its webinar, ‘Reinventing the Airport Business Model in India’, CAPA India said that the current crisis must force a re-think and re-invention of the airport business model over the next five years. To increase aero and non-aero revenue, airports need to attract more non-stop, long-haul and wide-body services. Post-COVID, passengers may prefer non-stop flights instead of flights via a hub. CAPA India also talked about the need to reinvent the approach to route development, which should be more holistic and include forward bookings, travel search trends, consumer survey and travel trade research. 

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