Indian Airlines Faces Existential Crisis, Pins Hopes on Modi Government Bailout

New Delhi (Sputnik): The coronavirus pandemic has clipped the wings of major airlines around the globe. The Centre for Asia Pacific Aviation has predicted that most of the airlines are likely to go bankrupt if governments do not take efforts to rescue them.The Centre for Asia Pacific Aviation, a global aviation market intelligence firm, has said that Indian airlines might require nearly $2.5 billion to to stay afloat during the financial crisis, as its pre-existing woes have been exacerbated by the pandemic. The sum may only last until the end of this year.
Although the airlines approached the federal government requesting a relief package to cushion the blow delivered by the lo
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