CAA incurs over Rs30b loss in four months


STAFF REPORTER IS LAMABAD The Civil Aviation Authority (CAA) has suffered a loss of over Rs30.5 billion in four months due to limited flight operations in the wake of coronavirus pandemic on Thursday. According to Aviation Division, the Civil Aviation Authority has been losing Rs200 million a month in revenue due to the limited flight operations, landing and other charges. “Over 1000 flights used to pass through Pakistani air space daily. The figure has now reduced to 22percent due to worldwide suspension of international flights amid the Covid-19 restrictions,” said Senior Joint Secretary Aviation Division Abul Sattar Khokhar. The Civil Aviation Authority (CAA) had suffered a loss of Rs3.6 billion in the month of March owing to the suspension of flights to different counters amid coronavirus outbreak.

Previous articleGermany commits 6.5m euros to mitigate socio-economic effects of Covid-19
Next article$750m two agreements signed with WB, AIIB