Дата: 10-03-20 11:14BLOG: CORONAVIRUS – PREVENTION IS BETTER THAN CUREWhile it is still early days, the unprecedented impact of coronavirus is already causing massive challenges to people, business and supply chains, writes Shakespeare Martineau's insolvency partner, Michael Mulligan. With Flybe’s collapse the fourth significant UK airline failure since 2017 – and coronavirus heralded as the final nail in its coffin – this could signify that hard times are ahead for airlines, airports and their suppliers. LOT --> booking now Using Flybe as an example, engineers are already being laid off and there are many more jobs tipped to be lost as a direct consequence of its administration. There is a complex web of suppliers, people and airports that are heavily reliant on the airline and its supply chain. LOT --> booking now Due to fears of exposure to the virus, passenger numbers flowing through airports have decreased dramatically. Not only that, but with time spent in the terminal becoming less appealing, shopping and dining time spend before a flight is likely to be reduced, causing terminal outlets to also feel the strain. On learning that a major player in the industry has gone bust, action taken in the first 24 hours is crucial to limiting the knock-on effects for airports. The first step must be to understand quickly what type of insolvency process is taking place, as this will determine what action is necessary. LOT --> booking now Opening up communications as quickly as possible with those handling the administration, and those impacted, can assist in ensuring that goods or services are able to continue if the airline’s business and assets are picked up by another company. When dealing with a largescale administration that involves multiple parties – passengers, airlines, airport staff, suppliers and more – it is the method in which the crisis is communicated that will make a big difference to an airport’s reputation. LOT --> booking now The complex nature of many supply chains in the aviation and airport arena suggests that the fall-out from Flybe’s demise has only just begun and the situation will continue to develop. The announcement of Flybe’s failure will be a cause for concern for many interested parties. Having a clear understanding of their rights, the opportunities to leverage their position and areas where potential losses can be mitigated will be crucial during this difficult time. Джерело інформації: Airport World |
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