On demand webinars
In association with IBA Group
The fourth in FlightGlobal’s series of webinars examining the impact of the coronavirus pandemic on the airline industry looks at the implications for the leasing and finance community. This sector accounts for up to 40% of the industry’s metal, putting it right in the eye of the storm.
Following our webinar discussion with three prominent former airline CEOs, our focus turns to aerospace, and the challenges the coronavirus lockdown is putting on aircraft manufacturers and the supply chain. Our panel – which includes long-serving former Airbus operations chief Tom Williams and Jack Pelton, who steered Cessna through the turbulent 2000s – will discuss the impact on production, possible survival tactics, best practice from previous crises, and the reshaped industry that might emerge from the other side. Join us for a lively discussion, moderated by FlightGlobal head of strategic content Murdo Morrison, for the chance to put your questions to our panel of experts.
Sponsored by Airline Business
This may be the deepest crisis affecting the global airline industry in living memory, but it is by no means the first. From the recession of the early 1990s through the Asian economic crash and 9/11, and from SARS to the 2008 financial crisis, macro-economic shocks have been an occupational hazard for airline leaders. In each of these cases, major brands went to the wall and others survived, and the industry that emerged looked very different to previously. What lessons can history teach us?
In a matter of weeks, the airline industry worldwide has been brought to its knees by the coronavirus, with carriers slashing schedules, thousands of aircraft grounded, staff furloughed, and airports empty of passengers. The knock-on effect on the aerospace industry has been equally cataclysmic, with Boeing – already rocked by the Max grounding – pushed to the brink of bankruptcy. Where does a devastated industry go from here?