…the severity of the deterioration of financial metrics. In general, we expect debt providers to be willing to cooperate and waive covenants as long as the breaches are related only to the effects of COVID-19 rather than underlying business weakness. Nevertheless, creditors may attach more onerous requirements to accept waivers.”…
A new survey from the Airport Minority Advisory Council (AMAC) found that more than two-thirds (68.3 percent) of minority- and women-owned airport businesses reported 75 percent or more drop in revenue due to the current global COVID-19 pandemic. An additional 11.7 percent of owners surveyed reported revenues were down more…
Fort Lauderdale-Hollywood International Airport (FLL) will host a food distribution event in partnership with Air Charter Advisors and Signature Aviation, to benefit airport community employees financially impacted due to COVID-19. The food giveaway at the Broward County, FL airport is the culmination of the FLL’s “Operation Uplift” outreach initiative launched…
…aviation industry restart, as well as the longer-term recovery process post-COVID-19. “COVID-19 has been an unprecedented global challenge, particularly to the aviation industry, with the quick spread of the virus resulting in governments rapidly restricting travel and closing borders to limit the spread,” ACI World Director General Angela Gittens said….
Georgia-Pacific and its GP PRO division is rolling out new cleaning technology to help facilities, including Hartsfield-Jackson Atlanta International Airport (ATL), manage heightened sanitizing and disinfecting practices that will be needed to restore public confidence in travel in light of COVID-19. The KOLO Hygiene system incorporates GP PRO’S wireless Internet…
