Business Journalist
An increase in merger and acquisition activity in the aviation sector is expected in the months ahead and more airline collapses are likely.
That s 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.
However, in doing so a long-term un-levelling of the playing field has been introduced, the report concludes.