The domestic passenger flight services restarted from May 25 after a two months hiatus due to the lockdown in the wake of coronavirus pandemic.
Aviation regulator DGCA said some International flights may, however, be allowed on select routes
The full-service carrier has more than 4,000 employees on its payroll.
While all efforts are being made to contain the current conflict, there remains a possibility of things going out of control – either militarily and economically or just on the economic front. Either way, if the aviation industry is hit, there won’t be much impact on Indian carriers.
Vistara has also preponed the returning of leased planes of erstwhile Jet Airways from the earlier schedule of phasing them out by 2022-23, the source said, adding that airlines globally reworking and strategising their business plans, including fleet and network plans.
Air travel across the world has drastically reduced amid the coronavirus pandemic and airlines have been taking various measures to improve cash flow.
In exchange for aid, companies will be required to invest more and faster in electric, hydrogen or other lower-emission aircraft, as France aims to make its aviation industry the “cleanest in the world.”
There is a pent up demand for outbound international travel to some countries, especially among non-resident Indians (NRIs) who are in a hurry to go back either for personal or professional reasons, according to aviation industry experts.
"Now with business jet deliveries, industry-wide, forecasted to be down approximately 30 percent year-over-year due to the pandemic, Bombardier must adjust its operations and workforce to ensure that it emerges from the current crisis on solid footing," the company said in a statement.
"This is a rate of decline never seen in the history of IATA's traffic series, which dates back to 1990," said a press release by the organisation that has around 300 airlines as its members.
It also said the aviation infrastructure industry is amongst the most severely impacted by the COVID-19 crisis and the setback is expected to be substantial in the near term.
The senior management at AirAsia India had taken a pay cut of 20 percent in April, while the wages of executives falling in other categories were reduced between 7-17 percent.
Speaking at a webinar hosted by the aviation consultancy Centre for Asia Pacific Aviation (CAPA), de Juniac also forecast the air travel demand in India to drop by 47 percent and revenue by $11 billion this year over 2019 owing to the coronavirus pandemic.
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 two unions IPG and ICPA, which represent the pilots operating Boeing and Airbus aircraft of the airline, in a joint letter to the personnel department, also sought to know the outcome of the various cost-cutting measures which the carrier initiated in March to deal with its precarious finances in the wake of the coronavirus pandemic.
Brokerage firm Centrum Broking believes that one-third of scheduled capacity is a reasonable starting point for the sector given that demand is likely to remain low.
Minister of State for Civil Aviation Hardeep Singh Puri had on Wednesday announced, through Twitter, that commercial passenger services on domestic routes will be allowed to operate from May 25 under a comprehensive Standard Operating Procedure (SOP), covering all stakeholders.
According to a regulatory filing, 69 days of lockdown period from March 24 to May 31 would be excluded for computing the CIRP deadline.
At present, Air India and subsidiary Air India Express hold a monopoly on the mission
"The committee of creditors has given its approval to the resolution professional (RP) to float a fresh EoI for stake sale in the grounded Jet Airways. The RP is likely to issue the bid document on Wednesday," a source privy to information told PTI.
The country's largest domestic airlines had on Friday announced pay cut ranging between 5 and 25 percent, in addition to its leave-without-pay programme for May, June and July, for senior employees.
Airlines will be the worst-affected segment, contributing more than 70 percent to the losses (around Rs 17,000 crore), said Jagannarayan Padmanabhan, Director and Practice Leader, Transport and Logistics, CRISIL Infrastructure Advisory, during a webinar.
Foreign nationals or valid visa holders will be charged the same fare as Indian nationals who want a seat on the inbound repatriation flights, they said.
The ‘Vande Bharat' mission plans to bring stranded Indians from abroad amid the coronavirus-induced lockdown.
The airline had told its pilots on Wednesday that they will not be paid salaries for April and May, adding that those who have been operating cargo flights will get paid for the number of hours flown.