Aviation jobs must be protected with financial assistance, say ACI and IATA
Two leading aviation associations have together said financial relief will be imperative in assisting the industry to lay foundation for a balanced recovery.
Airports Council International (ACI) World and the International Air Transport Association (IATA) have come together and called on governments to quickly grant financial relief to assist airport operators and airlines during COVID-19, and support the essential connectivity the aviation industry will provide for economic recovery.
The industry is united with governments around the world in efforts to stop the spread of the virus and maintain air cargo operations vital to supporting global supply chains.
The economic impact of these measures on all involved in the global air transport industry has been severe. With passenger demand plummeting, revenues are falling beyond the ability of even the most extreme cost-cutting measures to mitigate.
The current state of the global air transport industry risks the loss of millions of jobs. The aviation industry supports 65.5 million jobs around the world, including 10.5 million people employed at airports and by airlines. As the COVID-19 pandemic continues to unfold, airports and airlines around the world are battling to preserve jobs.
ACI and IATA are calling for urgent balanced support to the industry via:
- Taxation relief, including alleviation of payroll taxes, corporate taxes, concession fees or other government incomes from the industry
- Loans, loan guarantees or direct support to maintain financial liquidity across the aviation ecosystem.
“The financial impact of the current crisis is unlike anything we have ever seen and requires urgent action by governments to assist the aviation industry to protect jobs, ensure essential operations and plan for recovery,” ACI World Director General, Angela Gittens, said. “Urgent tax relief and direct financial assistance that is to the benefit of the entire aviation ecosystem is needed to help preserve millions of jobs, protect essential operations and foster a balanced recovery. Preserving the continuity of operations for airports and airlines and protecting aviation jobs today will result in a faster economic recovery tomorrow.”
Some governments have recognised the urgency of action but time is running out for other governments to provide the necessary financial relief to keep the whole industry viable.
IATA’s Director General and CEO, Alexandre de Juniac, said the situation could not be more dire. “Governments will depend on aviation to be ready to lead an economic recovery when this pandemic is behind us,” de Juniac said. “Governments must act now with financial lifelines that only they can provide for airlines and airports to see them through these extraordinary times. Airlines and airports are in this together. The more financially stable our airport partners are, the more they can help the industry to drive a recovery in air travel that will jump start the global economy.”