MANILA, Philippines – The Philippine aviation industry on Monday, May 11, are asking lawmakers for financial aid of about P8.6 billion in monthly assistance to sustain operations, as the industry crashed due to the pandemic.
Air Carriers Association of the Philippines vice chairman Roberto Lim said at the senate hearing on the resumption of mass transportation, that the industry needed funds would cover P1.3 billion for wage subsidy, P500 million for payment of fees, and P6.8 billion for working capital.
“Our estimate that we have also submitted to Congress is a wage subsidy of P1.3 billion per month…, submitted and consolidated coming from the carriers; in terms of other support, we pay about P500 million to the aviation authorities monthly,” He added.
ACAP is composed of Philippine Airlines (PAL), Cebu Pacific and AirAsia Philippines and their affiliates
According to ACAP, the industry employs about 25,000 workers while other support businesses, such as travel and tours and hotel and acommodations, has some 500,000 workers.
The hearing, presided over by Sen. Grace Poe, was held via online video conference. The committee was conducting an inquiry on the resumption of public transportation, which was suspended due to the implementation of the enhanced community quarantine (ECQ) in Metro Manila and several cities across the country.
Aviation authorities have extended the rental holiday to May 15. Acap also requested the government for guarantees on debt, six-month emergency credit lines apart from long-term loans with low interest rates and a waiver on navigational and airport charges.