Ukraine war: Already pummelled by Covid, global aviation industry takes another hit as more countries ban Russian flights | South China Morning Post

The air travel industry is set to take another hit following on from the Covid-19 pandemic, as more countries move to ban Russian planes from their airspace in response to the invasion of Ukraine. "The sanctions and airspace bans [on Russia] will only exacerbate the damage already brought by Covid," said Shukor Yusof, founder of aviation consultancy Endau Analytics. "We are in unprecedented times and aircraft financiers, lessors and manufacturers are scrambling to mitigate losses, and chart near-term strategies for their balance sheets to stay afloat. It is looking grim as this conflict is unlikely to be resolved any time…