2023, Journal of Air Transport Management Show abstract The airline industry continues to face external shocks such as oil spikes which continue to put downward pressure on an airline’s operating model and fuel prices remains the industry’s wild card. Due to the cyclicality nature of the indust...
these consisted of reducing personnel costs by introducing new managements, selling players, and signing players free of transfer payments. By way of reminder, restructuring plans concerning SMEs do not need to be approved by the Commission under the 2004 Rescue and Restructuring...