Saturday, July 26, 2014

Global Recesstion In Global Aviation Industry

Global Transportation has been changed dramatically. This Recession has put a crimp in all of the Economy. It has affected the Aviation world greatly. The Recession has had a huge impact the impact has been two-edged. Purchasers of logistics services have seen a windfall of lower rates.

 The Financial Crisis has erupted as an Effect of Global Recession  worldwide problem that is impacting the real economy with increasing speed and intensity. The collapse of the global economy has had a profound impact on the business travel industry, placing a new emphasis.

Air Canada and Recession The Airline Industry is a Competitive market. The various Airlines are providing their Airline Flights all over the world. In the current Recession period, all Airlines are putting their best efforts to overcome this situation by providing cheap Airline Tickets. 

Penalise the Airline Industry compared to the rail industry which receives public subsidies of £2 billion each year. In addition, tax comparisons between Aviation and Road Transport are inappropriate as part of the proceeds from road tax are to pay for the cost of providing and maintaining the road

Global Recession Effects Aviation Industry Careers As the Indian economy has been booming in the last few years, the India Aviation Industry was expanding too. There were new budget Airlines and Private Players like Vijay Mallya's King Fisher coming in to play and thus making the Public Sector Air India and Indian Airlines more competitive in the process. As there were more Flights coming in to business, the number of job opportunities in the industry has also gone up. Students started signing up for courses like Airline Pilot's, Flight attendant's, ground crew etc. The job growth rate was good. The salary and perks were great as well. Every one was pretty happy.

Then the US Economic Recession came. India was hoping that it would not be affected by the Global Economic Recession. But those hopes are not found to be true. Slowly the effects of recession have reached India too. And it affected the Aviation Industry of India too. As the cash starved managements started looking for cost cutting measures, lay offs started to come in to action. Some people have lost their jobs already. The new Recruitments are going at a slow rate. For the time being, the market is not great for the Aviation Industry in India. It is the same case scenario for the rest of the world as well.

But this is going to stay the same way for a short term only. As the fundamentals of the Indian Economy are pretty strong, the economy is going to get back on a growing trend soon. It may take another three months or six months before you will see the change in the Economy. But the Economy is going to go back up again. By that time the Jobs lost in the recent Recession will be compensated.

It is a sober moment for The Aviation Industry in India. But it would come back up on its feet and be on the run again soon. Any one who lost their jobs in the Aviation Industry in the Recent Recession should consider this situation as a chance to refurbish their skills. Going back to school and get some more Certifications while the market is running low would be a smart idea. Polish your skills and it will keep you in great shape once the Economy will be back on its feet. Once the Indian economy is back on the run again, any additional skills you learned while the economy is dragging could be a great asset for you.

There is some good news Already for the job seekers as Air India has started Recruitment Process for Cabin Crew. This is probably happening only in India and that should be looked at as a reason for India's Aviation Industry's Financial Strength.

An aviation accident is defined by the Convention on International Civil Aviation Annex 13 as an occurrence associated with the operation of an Aircraft, which takes place between the time any person boards the Aircraft with the intention of Flight until such time as all such persons have disembarked, where a person is fatally or seriously injured, the Aircraft sustains damage or Structural Failure or the Aircraft is missing or is completely inaccessible.This adversely affect the Economy of Industry. 

Global Transportation is changed,
Financial Crisis ,
An aviation accident,
Aircraft sustains damage,
The Aviation Industry,
Global Recession Causes and Consequences,
Causes of Recession in India,
Recession in 2014,

Mohini Porwal [ B Sc]
Trainee Aviation News Editor

1 comment: