Minister underscores need for post-pandemic aviation recovery efforts

I (want to) promote this forum to discuss aviation industry opportunities and challenges related to aircraft financing and leasing

JAKARTA (ANTARA) — Coordinating Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan underscored the need for post-pandemic aviation recovery efforts during a dialogue on aviation in Jakarta on Tuesday.

“I (want to) advance this forum to discuss opportunities and challenges facing the aviation industry in relation to aircraft financing and leasing,” he said at the online dialogue on “Financial Actions to Restore Aviation”.

Aviation is one of the most important sectors for boosting the global economy, he noted.

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He highlighted four main priorities that must be considered in order to revitalize the airline industry.

The first priority is to speed up the restoration of a safe and efficient flight connection for tourism and trade.

The second priority is planning a recovery that pays attention to a sustainable future and environmental protection.

The third priority is to promote cooperation between countries, financial institutions and the international private sector.

The fourth priority is the use of digitization and technological innovations.

Meanwhile, International Civil Aviation Organization President Salvatore Sciacchitano praised the Indonesian government’s commitment to revitalizing the aviation industry.

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“That’s why I come here. Indonesia’s role in raising the issue of aviation will become the focus of attention during Indonesia’s G20 presidency,” said Sciacchitano, who personally attended the dialogue in Nusa Dua, Bali.

The impact of the COVID-19 pandemic on the airline industry is very extraordinary, he noted.

Before the COVID-19 pandemic, an estimated 4.5 billion people traveled by plane each year. However, the number has fallen by 60 percent during the pandemic, he emphasized.

“In other countries, many airlines have closed, but the Indonesian government here is giving full support and is present to facilitate recovery efforts,” he said.

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He also welcomed the signing of a broader aviation agreement between the Association of Southeast Asian Nations (ASEAN) and the European Union (EU), which aims to accelerate the recovery of aviation in the two regions and globally.

“According to (our) experience in Europe, liberalization will open up opportunities and competition in the aviation world,” he remarked.

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