Event Details
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."
