Tag: global aviation industry
The global aviation industry is experiencing devastating financial losses during the Covid-19 pandemic, which is resulting in job losses, airline restructuring and the complete dismantling of airline businesses. Here in South Africa we have been served with our fair share of airline troubles as this week Comair entered into voluntary business rescue and SAA is looking at developing a new national carrier. Joining CNBC Africa to unpack the latest on Southern Africa’s airline industry and national carrier South African Airways is Chris Zweigenthal, Chief Executive Officer of the Airlines Association of Southern Africa.
Covid-19 has clipped the wings of the global aviation industry with Comair the latest airline to announce that it would enter business rescue. International aviation and tourism bodies are now calling for urgent relief of $10 billion as well as other support measures to revive Africa’s travel and tourism sector and prevent millions from losing their jobs. The International Air Transport Association (IATA) Director General, Alexandre de Juniac joins CNBC Africa for more.