Affected by the epidemic and border control, the global aviation industry has been hit hard. Now Taoji Company can’t stop losses and is facing bankruptcy for the first time. The number of passengers on Taoji last year was only 2% of 2019. As of March this year, the debt is regarding to exceed 10 billion; if the debt exceeds the capital of 24.8 billion, it will face bankruptcy.
The plane landed, and the inspection personnel were fully armed to help passengers screen. The epidemic prevention standard was high, and the border control was also very strict. The number of passengers was greatly reduced. The aviation industry has become the hardest hit by the epidemic. bankruptcy crisis.
The departure hall of Taoyuan Airport was empty, and the restaurants on the second floor were all closed, like an empty city. According to statistics from Taoyuan Airport, before the COVID-19 epidemic in 2019, there were 48.68 million people entering and exiting and transiting each day. In 2020, following the outbreak of the epidemic, it began to drop. Especially following the ban on foreign tourists from entering the country on March 19, the car went downhill all the way for a whole year. There are only 7.43 million people, and there will be an avalanche in 2021, leaving only 900,000 people, almost only 2% of 2019. Therefore, from 2021 to borrowing money, as of March 2022, the borrowing is regarding to exceed 10 billion yuan.
Hong Yufen, deputy general manager of Taoji Company, said, “The number of passengers has fallen to the ground, and only 2% remain. In contrast, we still have a lot of construction, so this part of the loss is inevitable, because there are no passengers. As for the situation, we are still adjusting it properly.” Without passengers, there is no revenue. The capital of Taoyuan Airport is 24.8 billion yuan. According to print media reports, Taoyuan Airport has lost regarding 5 billion yuan in the past two years. There are also operations and maintenance and engineering construction. It is close to 1 billion demand in a month.
The construction cost of the third terminal is as high as more than 130 billion yuan, which is also a lot of pressure. If the debt exceeds the capital amount, it will face bankruptcy. However, Taoyuan Airport is a public enterprise. A “diversified fundraising plan” is proposed to seek additional capital from the Ministry of Communications and the Executive Yuan. Hong Yufen, deputy general manager of Taoji Company, said, “We have already borrowed more than 7 billion yuan. Then we expect that by March, according to our project progress, we may borrow 10 billion yuan for some related things. We are still in accordance with our income to repay.”
Although the command center has loosened its mouth and intends to relax the entry of business travelers, most of the business exchanges have turned to video conferences. Before Taoyuan Airport has not fully opened its doors, only business travelers will enter, which is probably only a drop in the bucket.
(FTV News/Lai Guobin’s Taoyuan report)
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