News Snapshot:
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...
