Pakistan suffered a loss of $50 million after closing its airspace for nearly five months following the Balakot air strikes on Jaish-e-Mohammed terror training camps by the Indian Air Force, reports Zee News.
Accoding to the report, Pakistan’s Federal Minister of Aviation Ghulam Sarwar on Thursday (18 July) confirmed that the country suffered $50 million loss after closure of its airspace. He claimed that the closure had hit India harder and New Delhi’s loss was almost double that of Pakistan’s.
Earlier on Tuesday (16 July), Pakistan decided to open its airspace after a gap of almost five months. The Indian government welcomed the move, with the Ministry of Civil Aviation confirming that there were no more airspace restrictions.
"After cancellation of NOTAMS by Pakistan and India in the early hours of Tuesday, there are no restrictions on airspaces of both countries, flights have started using the closed air routes, bringing a significant relief for airlines," said a statement released by the Ministry of Civil Aviation, as reported by Zee News.
The reopening of the airspace has not only cut down the flying time to westward destinations but has also reduced the operational costs by curtailing the cost incurred on aviation turbine fuel and extra crew.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.