‘Industry must monitor ongoing situation to see the impact of extended conflict’

Jalpa H Vithalani, Director, Global Aviation Services said, “Currently, there seems to be no adverse effect on the air cargo industry. There hasn’t been any increase on the fuel surcharges nor the air cargo tariffs. There have been a few regional sectors that have had closures due to security/safety measures but the volumes haven’t been affected to a large extent. The air space closure has resulted in some air routes altered but this too hasn’t impacted the trade in a way to be worried about. But if the conflict extends, the sea routes could be affected such as Strait of Hormuz which could have a cascading higher demand for air cargo. The air cargo fraternity needs to monitor the events in the coming weeks to assess the impact of an extended conflict.”