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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.
The government launched several initiatives to address these shortages, including converting public buildings into COVID-19 care centers and increasing domestic production of medical supplies. Unfortunately, the second wave of COVID-19 hit India in April 2021, resulting in even higher numbers of cases and deaths than the first wave.
[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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The sharp drop in passenger revenues contributes to the IATA's depressing forecast. However, things are expected to be looking up in 2021.
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.
The first cases of COVID-19 in India were reported on 30 January 2020 in three towns of Kerala, among three Indian medical students who had returned from Wuhan, the epicenter of the pandemic. [ 10 ] [ 11 ] [ 12 ] Lockdowns were announced in Kerala on 23 March, and in the rest of the country on 25 March.