SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
IATA Calls on the Government of the Kingdom of Saudi Arabia to Support Aviation in the Face of COVID-19 Crisis

13 May 2020, Riyadh, Saudi Arabia - The International Air Transport Association (IATA) is calling for aviation-specific financial relief measures from the government of the Kingdom of Saudi Arabia to address the severe impact of the COVID-19 crisis on the air transport sector.


IATA estimates that revenues generated by airlines in the Saudi market will fall by $7.2 billion in 2020, 35% below 2019 levels. That puts at risk nearly 287,500 Saudi jobs and $17.9 billion of Saudi’s GDP, which is generated by aviation directly and aviation-related tourism.


In response to the impact of COVID-19, the Saudi government has introduced broad economic relief measures in excess of $32 billion in financial support for the private sector. It has also provided support for air transport by suspending the airport slot use rules for the summer season and extending licenses and certifications for crew, trainers and examiners. We urge the government to build on this and implement specific financial relief measures for aviation to ensure that the sector will be capable of driving the recovery.


The Government should consider the following financial relief measures:
1)              Direct financial support to passenger and cargo carriers 
2)              Financial relief on airport and air traffic control (ATC) charges and taxes  
3)              Reduction, waiver or deferral of government-imposed taxes and fees
 
“Saudi Arabia has announced financial relief measures for sectors affected by COVID-19, but not specifically for aviation. Given the industry’s role in social and economic development as well as achieving the Kingdom’s Vision 2030, it is important the government prioritizes aviation and provide urgent financial relief,' said Muhammad Albakri, IATA’s Regional Vice President for Africa and the Middle East.


“Without a viable air transport sector, we can expect a slow and painful economic recovery. Before the crisis, Saudi Arabia was moving at full speed and achieving tangible results in modernization, infrastructure development and economic growth. Fully supporting aviation now means a stronger recovery for the Kingdom,” said Albakri. 

 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 948 times
PR Category : Travel & Tourism
Posted on : Wednesday, May 13, 2020  3:58:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Eid Gifts From The Body Shop [27937-Views]
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive Tired Ski... [17999-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [14752-Views]
Maillon De Cartier Watch [13952-Views]
Olay Eyes Hydra Gel [13940-Views]
HONOR MagicBook Series is Perfect for Fashion Forward, Design Conscious Individuals Across the Middl... [13878-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [11980-Views]
Turkish Jewellery Designers Terzihan Present 'neutra' Their Stunning New Collection Featuring Raw Na... [11898-Views]
Majority of G.C.C. Travel Agents Envisage a Return to International Travel by August/September [11660-Views]
Urgent Implementation of ICAO COVID-19 Guidelines Needed [10578-Views]
Omega Announces Its Role as the Official Timekeeper of the 36th America's Cup [10193-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Environment [9578-Views]
A Bronzed Adonis [8044-Views]
UAE Banks Among Top Performing in GCC, KPMG Report Finds [7974-Views]
Made in Italy, ICSA® Issues a Notification of Counterfeit Products Found in the Kingdom of Saudi Ara... [7441-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [7302-Views]
After April Passenger Demand Trough, First Signals of Uptick [7171-Views]
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track [6482-Views]
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin in August [5748-Views]
Three Eggs get Yemeni National a Guinness World Records Title [5494-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories