All continents are now affected by the Coronavirus, which has a set a stop to numerous projects around the globe, to prevent the virus from spreading. Especially the aviation industry has taken a major hit, due to global restrictions on traveling, to minimize a further escalation of the disease.
Even though COVID-19, or Coronavirus, has taking its toll on global movement, ALAS Group remains optimistic while the world prepares itself for lockdown.
“At this point we see no immediate reason to amend our forecasted projections. However, global disruptions will most likely postpone future investments and our expansion activities. We will have to monitor the situation closely and take the necessary precautions until the situation has stabilized itself.” said Dustin Paul Wilden, Chairman of ALAS Group in a recent interview.
ALAS Group is currently working hard on expanding its activities in Asia, with the recent announcement of a future aviation facility in Nepal.
Read more here: “ALAS Group considers establishing an ATO in Nepal”
Navin Shrestha, Country Manager and Vice President of ALAS Group, who is in charge of the group’s expansion plans in Nepal, expressed concern regarding the activity level in Asia. “We will follow the guidelines from our stakeholders and the local government and revise our activities accordingly. This will most likely delay our regional plans, as we will be forced to postpone major procurement activities.” The financial impact this will have is yet unknown, but could amount to a substantial figure he added.
The Government of Nepal recently revoked all of its promotional Visit Nepal 2020 campaigns amid the escalation of Coronavirus cases around the world. Source: The Diplomat.