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How to support the economic recovery of aviation after COVID-19?

Scheelhaase, Janina and Ennen, David and Frieske, Benjamin and Lütjens, Klaus and Maertens, Sven and Wozny, Florian (2022) How to support the economic recovery of aviation after COVID-19? Transportation Research Procedia (62), pp. 767-773. Elsevier. ISSN 2352-1457.

Full text not available from this repository.

Abstract

The still ongoing COVID-19 pandemic lead to the most significant decrease in global air transport passenger traffic in aviation history. This decrease has been caused by a combination of demand and supply shocks. Main reasons for these shocks were the global travel restrictions, border closures, the rules and regulations for physical distancing as well as income losses of both private companies and private households even though financial support has been provided by many governments. As a consequence, airlines worldwide had to cut down the number of operated routes and flights significantly. Since February 2020, both the number of global passengers and passenger flight kilometers decreased by 80 per cent and more). These developments have caused large financial losses both for airlines and airports worldwide, critically threatening the existence of a large number of these companies. This paper investigates whether and how the economic recovery of the aviation sector should be supported by governments. Our main results indicate that government loans or government secured loans are enabling a well-balanced trade-off between governmental influence, public debt and distortion of competition if the lending criteria are transparent and nondiscriminatory. However, in the course of time, over-indebtedness will become a critical issue for most companies. At this point, non-refundablestate grants offer a relatively simple but costly solution since these subsidies will directly increase public debt.

Item URL in elib:https://elib.dlr.de/185648/
Document Type:Article
Title:How to support the economic recovery of aviation after COVID-19?
Authors:
AuthorsInstitution or Email of AuthorsAuthor's ORCID iD
Scheelhaase, JaninaJanina.Scheelhaase (at) dlr.deUNSPECIFIED
Ennen, DavidDavid.Ennen (at) dlr.deUNSPECIFIED
Frieske, Benjaminbenjamin.frieske (at) dlr.deUNSPECIFIED
Lütjens, KlausKlaus.Luetjens (at) dlr.dehttps://orcid.org/0000-0002-7658-7456
Maertens, SvenSven.Maertens (at) dlr.dehttps://orcid.org/0000-0002-4618-0946
Wozny, FlorianFlorian.Wozny (at) dlr.deUNSPECIFIED
Date:March 2022
Journal or Publication Title:Transportation Research Procedia
Refereed publication:Yes
Open Access:No
Gold Open Access:No
In SCOPUS:Yes
In ISI Web of Science:No
Page Range:pp. 767-773
Publisher:Elsevier
ISSN:2352-1457
Status:Published
Keywords:Luftverkehr; COVID-19 Pandemie, politische Maßnahmen
HGF - Research field:Aeronautics, Space and Transport
HGF - Program:Transport
HGF - Program Themes:Transport System
DLR - Research area:Transport
DLR - Program:V VS - Verkehrssystem
DLR - Research theme (Project):V - Ökonver II
Location: Köln-Porz
Institutes and Institutions:Institute of Air Transport and Airport Research > Air Transport Economics
Institute of Vehicle Concepts
Air Transport Operations
Deposited By: Scheelhaase, Janina
Deposited On:14 Mar 2022 12:03
Last Modified:14 Mar 2022 12:03

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