Curb on executive pay and bonuses would be fair, says head of global aviation body as airlines seek billions in bailouts amid coronavirus shutdown

A leading figure in the global aviation industry has said any curbs on executive pay and bonuses imposed as part government bailouts would be fair, and admitted the billions of dollars airlines had previously spent on share buy-backs “doesn’t look appropriate”.For years, some carriers have focused on spending profits rather than building up cash war chests, a practice that can leave them exposed to a sudden interruption in business, such as the current one caused by the outbreak. Many are now…

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