Impact of COVID-19 on Aviation and Aerospace, and Recovery
Aug 27, 2020 (4 PM - 5 PM) (GMT+8)
This event is brought to you by
David Stewart, Partner at Oliver Wyman
David is a subject matter expert in multiple aspects of the airline, aerospace and maintenance supply businesses. He is based in London, and is a Partner in the Oliver Wyman Transportation and Services team. He is also the Oliver Wyman European lead for supporting CAVOK - its airline technical consulting business.
David has over 35 years of aviation and consulting experience. He has led assignments with leading aerospace manufacturers, service suppliers, airlines and Private Equity firms across Europe, Asia Pacific, the Middle East, and North America. He is a recognized expert in the aircraft maintenance and air transport manufacturing sectors and airline technical operations. The majority of David’s project experience has focused on strategy development, market analysis and transaction support. More recently, he has also focused on supply chain and restructuring.
Prior to joining Oliver Wyman, he led the Aerospace and MRO practice at ICF. In the 2000s, he co-founded the aerospace boutique consultancy AeroStrategy. Previously a Principal in Mercer
Management Consulting’s aviation practice, he began his career with British Aerospace Commercial Aircraft Marketing in 1982. He has an MA in Engineering Science from Oxford University and an MBA from the Cranfield School of Management.
Join veteran aviation expert, Mr David Stewart, Partner at Oliver Wyman, as he presents an overview of how the aviation industry is faring, with the latest on fleet groundings, aircraft retirements and new production rates. Gain insights on the impact on commercial aviation maintenance and the aerospace aftermarket.
"Thanks to the relentless coronavirus pandemic, airlines still face challenges from a patchwork economic recovery. One of the biggest is deciding how much capacity to bring online. After pulling almost 70 percent of the global fleet out of service between January and early April, carriers now may be erring on the other side — putting too many planes back online before reliable demand materializes.
For airlines in Asia, adding back aircraft reflects developing demand for domestic travel. But putting planes back into service isn't always tied to demand. For a few airlines, the decision to boost capacity reflects efforts to grab market share during this precarious period. And for many others, bringing back older planes allows them to defer, or even cancel, new aircraft orders and save precious cash.
Reading the direction of the market correctly is trickier than ever, with new COVID-19 outbreaks in regions where the virus was believed contained and with large economies considering new restrictions."