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Updated / Monday, 18 Jan 2021
07:21
PwC s Aviation Industry Outlook for 2021 says airlines will need ongoing access to emergency liquidity, including government support, for the foreseeable future
A surge in merger and acquisition activity in the aviation sector are expected in the months ahead and more airline collapses are likely.
That is among the findings contained in PwC s Aviation Industry Outlook for 2021, which also envisages that airlines will need ongoing access to emergency liquidity, including government support, for the foreseeable future.
The report finds that extensive government support already provided, estimated to be at least $180 billion, has played a major role in saving a number of weak carriers from collapse.
Drastic surgery needed as airlines face another tough year
The report, by PwC, said there is likely to be more airline casualties and for those carriers that manage to survive the ability to thrive will be more challenging.
Norwegian Air s Irish subsidiary was wound up last week. File Picture
Mon, 18 Jan, 2021 - 00:05
Geoff Percival
The airline industry will see further consolidation this year and will need ongoing access to emergency liquidity, including government funding, the latest outlook for the sector has predicted.
The report, by PwC, said there is likely to be more airline casualties and for those carriers that manage to survive the ability to thrive will be more challenging.