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ARTICLE · 09 DECEMBER 2020

Aviation Newsletter - (March 2020 – December 2020)

CMS INDUSLAW
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The aviation sector contributes nearly 4% to the global gross domestic product (the "GDP") and supports more than 65 million jobs around the world.

IndiaTransport
Petrushka DasGupta
Petrushka DasGupta
Shivani Kapur Jeet
Shivani Kapur Jeet
Vidit Mehra
Vidit Mehra
Devya Sharma
Devya Sharma
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  1. INTRODUCTION

The aviation sector contributes nearly 4% to the global gross domestic product (the "GDP") and supports more than 65 million jobs around the world.1 The aviation sector in India currently contributes USD 72 billion to the GDP, and India is expected to be the third-largest aviation market in the world by the year 2024.2

However, this year, the aviation sector has faced an unprecedented crisis globally, with all the major countries, including India, restricting air travel and grounding all scheduled domestic and international air services in order to contain the spread of COVID-19. While the scheduled domestic operations in India resumed from 25th May 2020, scheduled international operations are yet to resume. This tumultuous phase has witnessed a significant number of unique developments which has enabled the aviation industry to progress even in times of constraint. Primary amongst them is the execution of air transport bubble arrangements

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