IFAM Funding Extended
The IFAM is a targeted support measure put in place by the Australian Government to keep global air links open in response to the ongoing effects of the COVID-19 pandemic.
Australian businesses who rely on airfreight have now extra time to adapt to the new international trade environment.
Since April 2020, IFAM has successfully supported rebuilding global airfreight routes in the wake of COVID-19.
This extension will assist the aviation sector to remain reliable in the global competitive market until the vaccine is rolled out.
Since April 2020, IFAM has successfully supported rebuilding global airfreight routes in the wake of COVID-19 containment measures that saw commercial passenger flights drop by more than 90 per cent almost overnight.
This had an immediate and devastating effect on Australia’s ability to airfreight goods. As an island nation, Australia is heavily reliant on passenger flights for time-sensitive freight, with 80% of Australia’s airfreight typically carried in the bellies of passenger flights.
Restoring global supply chains has been vital to Australia’s COVID-19 health response and maintaining relationships between Australian businesses and their existing customers around the world.