In Business: Contractors’ exposure to the ailing aviation market

By Dave Rogers2021-02-09T06:00:00

Source: Shutterstock

The pandemic has brought airport expansion plans to an abrupt halt. What is the impact on companies relying on the construction work?

Once considered a banker for the industry, the aviation sector has been one of the more high-profile victims of the global pandemic.

“It’s fair to say the bottom has fallen out of the UK market,” says one firm, who asked not to be named.

And with countries around the world imposing ever more strict travel policies in the face of new covid varinats, contractors are not expecting things to shift too much from their current malaise any time soon. “It’s going to take four or five years at least,” is another’s gloomy assessment.

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