Reviving Africa’s aviation industry post COVID-19
Covid-19 has clipped the wings of the global aviation industry with Comair the latest airline to announce that it would enter business rescue. International aviation and tourism bodies are now calling for urgent relief of $10 billion as well as other support measures to revive Africa’s travel and tourism sector and prevent millions from losing their jobs. The International Air Transport Association (IATA) Director General, Alexandre de Juniac joins CNBC Africa for more.
Wed, 06 May 2020 15:45:03 GMT
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AI Generated Summary
- Calls for $10 billion in urgent relief to revive Africa's aviation and tourism sector following the impact of the COVID-19 pandemic
- Optimistic outlook on the industry's recovery despite uncertainties, emphasizing the enduring demand for air travel
- Focus on implementing strict health and safety protocols to reassure passengers and rebuild confidence in air travel
The global aviation industry has been severely impacted by the COVID-19 pandemic, with Comair becoming the latest airline to announce business rescue. In response to this crisis, international aviation and tourism bodies are calling for urgent relief of $10 billion to revive Africa's travel and tourism sector and prevent millions from losing their jobs. Alexandre de Juniac, the Director General of the International Air Transport Association (IATA), recently discussed this pressing issue in an interview with CNBC Africa.
De Juniac emphasized the critical need for financial assistance, stating that the aviation sector in Africa requires immediate funding to address the significant financial distress caused by the pandemic. Alongside African Airlines, the World Travel and Tourism Council (WTTC), and the World Tourism Organization (UNWTO), IATA has reached out to international financial institutions such as the African Development Bank, the IMF, the World Bank, and the Islamic Development Bank to secure support for the aviation industry. This industry plays a vital role in Africa's economic development, representing millions of jobs and a substantial portion of the continent's GDP.
While acknowledging the uncertainties surrounding the aviation sector's future, de Juniac remained optimistic about its recovery. He acknowledged that the sector may experience bankruptcies and consolidation but expressed confidence in the underlying demand for air travel. Despite consumer caution due to the ongoing pandemic, de Juniac highlighted surveys showing a strong appetite for air travel, indicating that once restrictions ease, passenger demand is likely to rebound.
In response to concerns about safety amid the absence of a COVID-19 vaccine, de Juniac underscored the industry's commitment to implementing stringent health and safety measures. Collaborating with governments and health authorities, airlines are working to establish protocols to ensure safe travel and prevent the spread of the virus. By adopting comprehensive health and sanitization procedures, the aviation sector aims to reassure passengers of their safety and rebuild confidence in air travel.
Addressing the distribution of the $10 billion relief package, de Juniac stressed the importance of supporting airlines and states facing financial challenges. While some African countries lack the resources to provide adequate support, international institutions are poised to assist in stabilizing the industry. De Juniac expressed confidence in the willingness of these organizations to tailor their support to address the specific needs of countries and airlines in distress.
As discussions continue with international partners and stakeholders, de Juniac remains hopeful that coordinated efforts and financial assistance will enable the aviation industry to navigate the current crisis and emerge stronger in the post-COVID-19 era. By prioritizing safety, adapting to evolving travel trends, and implementing targeted relief measures, the aviation sector in Africa is poised to recover and play a pivotal role in driving economic growth and connectivity across the continent.