Page 4 - AAA SEPTEMBER-OCTOBER 2021 Online Magazine
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YEAR EDITOR’S NOTE
CREDIT Still in the Balance
LINE
The global commercial aviation industry remains severely impacted
by the ongoing COVID-19 pandemic that has defied all attempts to
stop its spread, thus allowing only a gradual recovery for the
Editor beleaguered airline industry. Air cargo remains a silver lining, but
Vittorio Rossi Prudente according to the International Air Transport Association (IATA), the
vittorio.prudente@gbp.com.sg
airline industry is forecast to make net losses of US$52 billion this
Deputy Editor year. Airlines worldwide continue to receive life support from their
Jay Menon governments, which has totalled a staggering US$243 billion since
jay.menon@gbp.com.sg the beginning of the pandemic.
Technology Editor
Atul Chandra Airline losses have proven particularly problematic in India due to a
atul.chandra@gbp.com.sg labyrinth of regulations and high taxation, which has forced airlines to
operate on razor thin margins. However, the Indian Government has
Managing Editor pulled of a coup in closing the sale of its ailing national carrier, Air
Arun Sivasankaran
arun.sivasankaran@gbp.com.sg India to the Tata Group. Exiting the haemorrhaging airline, which has
cost the Indian tax payer over one trillion rupees in Government
Contributors bailouts over the last decade, will allow the funds to be put to better
Geoffrey Thomas use elsewhere in the highly populous nation.
Art Director
2021 also marks the successful return to the skies of Boeing’s 737
Miamica Khonglah
maya.khonglah@gbp.com.sg MAX jetliners. This has provided a shot in the arm for its airline
customers who are now resuming commercial operations on the type
Web Director
in growing numbers. While the return to service of the 737 MAX is a
Elmer Valencia
elmer.valencia@gbp.com.sg commendable effort from Boeing, the long-term damage to the
airframer’s once ironclad reputation could prove incalculable. GBP
Circulation Manager Aerospace & Defence Business Press will be present at the
Akshay Satyamurthy upcoming 2021 Dubai Airshow, where the health of the airline
akshay.satyamurthy@gbp.com.sg
industry will be in sharp focus. Login to www.gbp.com.sg to access
our growing range of digital content and insightful reports and stories
on the global commercial aviation industry.
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