Aviation İndustry, Covıd-19, Business, Industries

Aviation İndustry, Covıd-19

Nearly 200 European airports risk going bankrupt

Airports Council International Europe says the 193 airports facing insolvency are mainly regional airports, but combined they support more than 250,000 jobs

10/29/2020 10:43:00 PM

Airports Council International Europe says the 193 airports facing insolvency are mainly regional airports, but combined they support more than 250,000 jobs.

Airports Council International Europe says the 193 airports facing insolvency are mainly regional airports, but combined they support more than 250,000 jobs

does not recover, a trade association warned on Tuesday, October 27, as nations contemplate further lockdowns to combat a second wave of the coronavirus pandemic.Airports Council International Europe (ACI Europe) said the 193 airports facing insolvency are mainly regional airports which serve local communities.

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But combined they support more than a quarter of a million jobs and 12 billion euros ($15.6 billion) in gross domestic product."The threat of airport closure means Europe faces the prospect of the collapse of a significant part of its air transport system – unless governments step up to provide the required support," said the trade association.

A number of European nations have moved to provide specific help for airlines in addition to support measures offered to all companies hit by pandemic-related restrictions.ACI Europe's figures show airport passenger traffic was down 75% in mid-October, which means airports – like airlines – have trouble covering operating costs.

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