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The effects of COVID-19 lockdowns were subject of the first quantitative research on large-scale modal shifts and demand reduction in aviation. [150] It illustrated that a significant share of business travel is not necessary [ 151 ] and advanced or increased the adoption of various methods and technologies to mitigate air travel demand.
Air India Express Flight 1344 was a scheduled international flight on 7 August 2020 from Dubai, United Arab Emirates, to Kozhikode, India, landing at Calicut International Airport. The flight was part of the Vande Bharat Mission to repatriate Indian nationals stranded due to the COVID-19 pandemic .
[36] [37] Business rescue practitioners gave the airline's unions a 24 April deadline to agree to a plan to wind down the company, stating that liquidation would commence if no agreement was reached. [38] On 21 July 2020 Jet Time announced it had filed for bankruptcy, [39] after having discharged most of its employees in June due to COVID-19. [40]
SYDNEY/PARIS (Reuters) - Boeing and other U.S. aviation companies are seeking billions of dollars in aid as they battle to survive a plunge in demand caused by the coronavirus pandemic, while ...
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Air India, along with its low cost carrier Air India Express and fifty percent of AISATS, a ground handling company, were sold to Tata Sons. [50] [51] 15 October Alitalia, the flag carrier of Italy, ceases operations after 74 years due to the impact of the COVID-19 pandemic on aviation following years of losses.
As demand continues to collapse due to the impact of the COVID-19 pandemic on aviation, over two-thirds of the worldwide fleet of 22,000 mainline passenger airliners are inactive, leaving 7,635 in operation. Europe is most affected, with less than 15% of aircraft operating, compared to 45% in North America and 49% in Asia.
By the first half of June 2020, India's fuel demand was 80–85% of what it was before the lockdown. However the Indian oil minister said that it would take a much longer time for the growth in demand to be restored to pre-COVID-19 levels. [225] Oil prices dropped sharply in 2020 following the COVID-19 pandemic. Demand also fell sharply.