you are here: HomeNewsIndia

Air India employee unions seek Rs 50,000 crore financial package for the flag carrier

In a letter to Prime Minister Narendra Modi, the Joint Forum said that Air India is a "necessity" for the country, especially in times of crises, and a financial package will not only help the flag carrier but also the entire aviation sector and the economy.

May 28, 2020 / 04:37 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

A joint forum of Air India employees and staff unions has sought a Rs 50,000 crore financial succour from the government for the national carrier, stating that the airline is a necessity for the country.

In a letter to Prime Minister Narendra Modi, the Joint Forum said that Air India is a "necessity" for the country, especially in times of crises, and a financial package will not only help the flag carrier but also the entire aviation sector and the economy.

The prime minister earlier this month announced a Rs 20 lakh crore package, which combined the government's earlier announcements on supporting key sectors as also measures rolled out by the Reserve Bank of India, to help revive the economy amid the coronavirus pandemic crisis.

Leading rating agencies have forecast the Indian economy to contract by 5 percent in the current fiscal due to the impact of the crisis.

"We thank you for the financial package of Rs 20 lakh crores to boost industry and the economy. As you will agree that civil aviation is of paramount importance in today's context and therefore it is extremely necessary to boost the aviation industry and restore normal operations at the earliest, which is crucial for the economy to stabilise.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

"In view of this, we request you to kindly grant Air India a financial package of Rs 50,000 crore which will go a long way in ensuring that Air India emerges as the strongest and best airline of India," the Joint Forum said in the letter.

Stating that Air India has once again played a crucial role for the nation by bringing back stranded Indians from all parts of the world including several offline stations at a time when airlines all over the world had ceased operations due to the pandemic, the Forum said that the carrier  "even at peak of the COVID 19 pandemic operated flights to and from Wuhan which is the origin and centre point of the coronavirus."

Besides, Air India staff went out of the way at considerable "personal risk" to ensure smooth operations of several cargo and charter flights all through this period thereby facilitating the smooth movement of medicines and medical equipment between India and many other countries including China, it said.

Air India has always performed national duties irrespective of the serious risks involved, it said adding it has been established beyond doubt that Air India is a necessity for the country especially in times of crises.

Follow our full coverage of the coronavirus pandemic here.
PTI
first published: May 28, 2020 04:30 pm

stay updated

Get Daily News on your Browser
Sections