Billion-Dollar Skies: Airspace Closure Costs Pakistan
Pakistan's airport authority incurred a Rs 4.1 billion loss following an airspace closure to Indian airlines. This action, prompted by a terrorist attack in Kashmir, impacted overflying revenue. The closure, a result of strained Indo-Pak relations, highlights ongoing geopolitical tensions affecting aviation dynamics.
- Country:
- Pakistan
Pakistan's aviation sector has been dealt a financial blow, with a Rs 4.1 billion loss stemming from the closure of airspace to Indian airlines. The figures, drawn from official sources, underscore the economic repercussions of geopolitical tensions following the Pahalgam terrorist attack in Kashmir.
The retaliatory measure, which has seen airspace closed since April 22, was intensified following India's Operation Sindoor. As the conflict between the two nations escalated, the ban on Indian aircraft continued, confirmed Pakistan's Ministry of Defence to the National Assembly.
The financial setback, according to the Ministry, is primarily due to overflying revenue losses. Despite this, overflight and aeronautical charges remain unchanged, with Pakistan's skies open to all carriers except those registered in India.
(With inputs from agencies.)
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