COVID-19 – Specialist support for ‘grounded’ aviation professionals
The aviation industry has been hit hard by the current Covid-19 crisis. Border closures, flight restrictions, strict social distancing guidelines and the risks of transmission presented by commercial air travel have brought a previously expanding sector to its knees, with airports reduced to empty hangars and the skies quieted.
And while the pilots and cabin crews may be the most high profile casualties, what of the ground crew, engineers, air traffic controllers, mechanics, baggage handlers and airport planners? We are now facing a long period of uncertainty and reduced flight numbers, along with significant changes taking place to the way people travel and the way goods move around the world.
Sovereign is committed to supporting the thousands of aviation professionals who have been affected by the pandemic. We recognise the difficulties that many aviation professionals and their families are encountering and are ready to assist both with their financial planning and with practical help to realise new objectives from either a personal or commercial perspective.
We are currently supporting a wide range of aviation professionals across our offices in Europe, the Middle East, Africa and Asia in a number of different ways during the Covid crisis. These include:
- Setting up a small business (e.g. transferring a skill into an income-generating initiative)
- Providing trust services, asset protection and offshore investment solutions
- Assisting with residence, immigration or citizenship applications
- Reviewing savings and pension plans and requirements
- Re-domiciling to another jurisdiction (e.g. UAE to China)
- Reviewing and developing an insurance portfolio
- Specialist tax planning
With access to our in-house aviation, wealth management, pensions and insurance services divisions from across the whole of our global office network, Sovereign is uniquely well placed to offer valuable support to aviation professionals and their families in these difficult times. We also provide the administrative support to maximise opportunities and achieve long-term sustainability.
Please feel free to contact us for an entirely confidential and no obligation discussion to understand how Sovereign can be of assistance.
