Flybe, Europe’s biggest regional airline, has already collapsed. - Bloomberg
SYDNEY (Bloomberg): The coronavirus pandemic will bankrupt most airlines worldwide by the end of May unless governments and the industry take coordinated steps to avoid such a situation, an aviation consultant warned.
Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday (March 16).
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