Money Matters
Mon, 02, 21
As the number of globetrotters declined due to travel curbs and closed borders, alarms rang across airline carriers, but some remained hopeful of a full and quick recovery. Air Sial was inaugurated by the prime minister in December 2020. The News spoke to Fazal Jilani, the chairman of Air Sial, the Sialkot-based airline of Pakistan. Here are some excerpts from the interview.
As the number of globetrotters declined due to travel curbs and closed borders, alarms rang across airline carriers, but some remained hopeful of a full and quick recovery. Air Sial was inaugurated by the prime minister in December 2020. The News spoke to Fazal Jilani, the chairman of Air Sial, the Sialkot-based airline of Pakistan. Here are some excerpts from the interview.
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Analysis
The COVID-19 pandemic has sent many airlines spinning into financial ruin, and some will not survive the industry’s largest crisis.
However, there are still a handful of Asia-Pacific start-up airlines that are defying the bleak environment and persevering with plans to launch operations.
In Hong Kong, Vietnam, South Korea and Pakistan, new airlines are pushing ahead with their market entrances. In most cases the pandemic has delayed their plans, either due to disruptions to their own preparations, slower regulatory approvals, or changes to aircraft delivery schedules.
There is no doubt they are entering service during extremely challenging market conditions. However, they do have some advantages.