Tuesday, April 28, 2020

The sector of private jets is witnessing a progressive rise and the demand is here to stay

The global pandemic novel COVID-19 has taken a colossal toll on the world’s economic activity with individuals, organizations, governments, and businesses having to modify rapidly to its on-going challenges of the crisis. Coupled with well-being and health implications, the threat brings along with it a grave disruption to all walks of life and the aviation sector is of no exception. With restrictions on social interaction, travel bans and an unexpected standstill in the commercial air traffic has hit the airline players' revenue and margin significantly. As a result, the global aviation industry has been dealing with a particularly difficult blow and is buckling up for turbulent times. Although the overall aviation industry is facing a serious challenge, recent history shows evidence of resilience and recovery to the crises.
While there’s no telling on when and how the world will break free of COVID-19, let’s take a look at how the aviation industry is handling the brunt of it all >>

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