Aviation: navigating the impact of COVID 19

Weathering the storm and overcoming the challenges

The aviation industry has been significantly impacted by the disruption and travel restrictions resulting from the COVID 19 pandemic. With a huge portion of the global fleet of passenger aircraft sitting idle and airlines, lessors, airports, and support
businesses facing a drop in revenues, we look at the steps businesses can take to survive and adapt.

This article covers the following areas:

• Liquidity
• Operating cost
• Debt and  restructuring
• Operational  changes
• What SNG Grant Thornton is doing to help airlines and leasing companies