5:27 pm, Wed July 22, 2020

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According to a new report from ratings agency, Moody’s, the commercial aviation industry will continue to be devastated by the coronavirus pandemic for years to come.

Moody’s says the ripple effects will likely be felt across the entire global economy.

According to the report, the effect on stakeholders — from airport operators and aircraft leasing companies, to plane-makers and their suppliers — will shake up the industry well into 2022, and likely beyond.