COVID-19: The impact on aviation
COVID-19: The impact on aviation
The aviation industry in the UK is both highly valuable and highly fragmented, and for civil aviation these are turbulent times. With border closures and travel restrictions forcing leading manufacturers to suspend operations, close production sites and cut thousands of jobs worldwide, many are predicting a further wave of restructurings throughout the industry.
In our latest publication, Restructuring Advisory Partners, Andrew Sheridan and Phil Armstrong, explore the challenges facing global aviation manufacturers and the supply chain companies, as well as smaller supply chain companies in the industry, and what the future may hold.
Drawing on their extensive sector insights, Andrew and Phil’s analysis includes the unprecedented impact on civil aviation brought about by the COVID-19 crisis, as well as expectations that it will be at least 2024 before the industry rebounds to pre-COVID levels. They also look at what implications the contraction in demand, coupled with the inevitable post-Brexit changes to the UK’s global trading relationships, will have for the sector.