Air India: Struggling with loss of revenue, Air India has shut its offices in five European cities citing zero operations amid Coronavirus pandemic. The carrier has decided to stop its flight services in Vienna, Milan, Madrid, Copenhagen and Stockholm due to dipped demand. This move is yet another adverse impact of the Covid-19 pandemic on the aviation sector in India.Also Read | Coronavirus Vaccine: Will Russia’s COVID-19 Vaccine Sputnik V Be Available In India?

"In view of the COVID situation, AI has decided to close down these stations and would immediately initiate action for the closure in consultation with local lawyers and advise the time lines, by which the station will be closed," it stated.

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There is no AI flights under Vande Bharat Mission there and regular scheduled flights also not operating currently, it has clarified.

The cost cutting move has been made effective immediately since it was not financially viable for Air India to operate on these routes.

Aviation sector to be severely impacted by Covid-19 pandemic: ICRA

Days ago, ratings agency ICRA said that the coronavirus pandemic will significantly impact performance of companies and it is likely to be severe and prolonged for select sectors, especially aviation, hospitality and retail, according to . The pandemic, followed by extended lockdowns in India both nationally and then localised, has impacted India Inc for the major part of the first quarter of the current financial year, it said.