Covid slams brakes on school transport business – ZAWYA

Covid slams brakes on school transport business – ZAWYA

covid slams brakes on school transport business industry calls for government stimulus to support companies; restructuring suggested by analysts    image used for illustrative purpose. stop sign on school bus.school transport companies are passing through a critical phase and facing an uncertain future if the government doesn't come to rescue them through a bailout package, industry officials say.analysts and the industry stakeholders said the coronavirus outbreak wreaked havoc on the industry as they lost their business after schools were closed for normal operations in the last quarter of academic year 2019-20. however, they fear that the industry may fall into a deeper crisis if immediate remedial measures are not taken to ensure the smooth flow of operations in the new academic year.they said distance learning is going to be a new normal for some time and it will continue to adversely impact the school transport business in months to come. so, only a government stimulus plan can avert a disaster by bailing out the industry.analysts and the industry stakeholders said the coronavirus outbreak wreaked havoc on the industry as they lost their business after schools were closed for normal operations in the last quarter of academic year 2019-20. however, they