Ethan Tan, head of Mishcon de Reya's aviation practice, recently spoke with Asian Legal Business about the recovery of the aviation industry following the COVID-19 pandemic.
Aviation's bounce back has been particularly notable in the Asia Pacific region, with an increase in associated legal services and advice.
Commenting on industry developments, Ethan said: “The aviation legal market in Southeast Asia was hit very hard by prolonged border closures during the past few years. Borders have only been re-opened for the past couple of months, which has taken a lot of near-term pressure off the airlines, but the industry may take a while to return to full health. The immediate focus for many of these businesses will be a return to profitability.”
“I would expect a very significant increase in the number of flights operated, passenger loads and financial health generally for Southeast Asian carriers. However, the global recession risk and rising interest rates will present hurdles for airlines, and some may suffer as a result."
Read the full article on Asian Legal Business.