There are a number of specific challenges when dealing with the sector, which can make them more complex to successfully restructure. from its initial post-COVID low point it remains at only 50-60 per cent of pr -COVID demand, and the expe t tion is that recov ry will b prolonged, with analysts Phil Reynolds Restructuring Advisory predicting it will take until at least 2024 before the industry rebounds to pre-COVID levels. Phil Armstrong Restructuring Advisory Whilst civil aviation has seen a partial recovery in demand
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