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ACI and IATA call for urgent support to underpin recovery

Christian Fernsby ▼ | October 14, 2020
Airports Council International (ACI) World and the International Air Transport Association (IATA) reinforced the urgent call for governments to use testing as a means to safely reopen borders and reestablish global connectivity and to prevent the systemic collapse of the aviation industry with nondebt generating financial support.
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The dual measures would protect countries from the importation of coronavirus cases, avert an employment crisis in the travel and tourism sector, and ensure that the critical aviation structure remains viable and able to support the economic and social benefits on which the world relies.

The Air Transport Action Group (ATAG) estimates that 46 million jobs are at risk because of the loss of connectivity caused by the coronavirus crisis. The vast majority of these (41.2 million jobs) are in the travel and tourism sector which relies on aviation. The remainder (4.8 million jobs) are spread across direct employment in aviation, including airports and airlines.

Governments are also urged to address the devastating impact of border closures and other government-imposed travel restrictions by supporting aviation’s viability through direct financial support that:

protects jobs and operations
does not increase debt levels, and
minimizes default on debt and credit losses.