City-state's transport minister says a balance needs to be struck between travel and epidemic control. FMTNews Singapore Airline Aviation
SINGAPORE: The global aviation industry will take at least two years to recover from the coronavirus pandemic and mass travel to return, Singapore’s Transport Minister Ong Ye Kung said, stressing the importance of developing a widely available and effective vaccine to help countries open their borders.
A regulatory filing in August showed the airline had used half of the S$8.8 billion it raised through share sales, highlighting that carriers keep incurring expenses even when planes are left idle. The company is reviewing its fleet and operations. To open borders and encourage people to travel again, quarantine must be replaced by effective Covid-19 testing, Ong said. “We have to gradually open up the borders, establish the key links that made us a hub.”
Singapore has pledged about S$100 billion in stimulus measures to fight the effects of the pandemic, including wage subsidies that will last until March.In a further bid to revive travel, the city-state will allow cruises to nowhere later this year. Genting Cruise Lines’ World Dream and Royal Caribbean International’s Quantum of the Seas will begin round-trip journeys from November and December respectively.
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