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Aviation Must Face Up to Prospect of Long ?COVID Overhang?, Says Alton Aviation Consultancy Report

NEW YORK (June 2, 2020) ? The ?New Normal? for the aviation industry is 18-24 months away and key players must prepare for an extended ?Covid overhang? period and a long, turbulent journey to recovery, according to Alton Aviation Consultancy.

The global aviation advisory firm today released its independent report ?Covid-19: Implications for the commercial aviation industry?, offering detailed insight into the ongoing crisis for the whole aviation industry. The comprehensive paper sets out a list of mitigating strategies and actions for airlines, aircraft lessors, MRO (Maintenance, Repair and Overhaul) providers, aerospace manufacturers, and airports to prioritize resources and manage risk.

Adam Cowburn, report author and managing director in Alton?s Hong Kong office, says: ?The surest way out of this crisis is for every player across the aviation value chain to work in tandem with governments and other stakeholders to put airlines back in the air and get revenues flowing again.

?While the fight against the virus continues with travel restrictions and quarantines to limit spread, we are cautiously optimistic that the immediate phase of deep crisis for the aviation industry may come to end in the not-too-distant future. Before settling in the New Normal, the industry will pass through an extended period we are calling the ?Covid overhang? ? certain aspects of life may return to varying degrees of normalcy, but the influence of Covid-19 will continue to loom large over the aviation industry. Businesses must not let unrelenting ambiguity get in the way of continuous mid- and long-term strategic planning.?

Jonathan Berger, report author and managing director in Alton?s New York office, adds: ?The current crisis is unlike anything the industry has seen before. Significant focus to date has been on the very visible impacts Covid-19 has had on airlines, but numerous other players in the value chain ? MROs, lessors, airports, manufacturers, and others ? are reeling from the impact of Covid-19 and need to chart a path out of the current crisis. The companies that emerge the strongest will ultimately be those that plan well and act decisively.?

Alton?s report sets out a playbook for navigating the turbulence caused by coronavirus, offering analysis of the impact across the entire aviation industry, and outlining opportunities available for growth and restructuring. The report ?Covid-19: Implications for the commercial aviation industry? may be downloaded from the link below.

Download Report

Covid-19-Implications-for-the-Commercial-Aviation-Industry_Page_01

关于奥尔顿航空咨询公司

奥尔顿航空咨询公司是一家为航空航天业提供服务的全球咨询公司。该公司由资深航空业高管创立,他们因其思想领导力、定量分析和创新解决方案开发而享誉全球。该公司为航空公司、制造商、MRO 和售后服务提供商、租赁商以及更广泛的金融和投资界等客户提供完整的价值链覆盖。

Alton 的多元化专业顾问团队在纽约、都柏林、迪拜、香港、北京、东京和新加坡设有办事处,为客户提供覆盖整个航空价值链的全球视角和深厚的区域专业知识。典型的客户参与包括战略和业务计划制定、运营绩效改进、重组和交易支持。

Aviation Must Face Up to Prospect of Long ?COVID Overhang?, Says Alton Aviation Consultancy Report

Aviation Must Face Up to Prospect of Long ?COVID Overhang?, Says Alton Aviation Consultancy Report

NEW YORK (June 2, 2020) ? The ?New Normal? for the aviation industry is 18-24 months away and key players must prepare for an extended ?Covid overhang? period and a long, turbulent journey to recovery, according to Alton Aviation Consultancy.

The global aviation advisory firm today released its independent report ?Covid-19: Implications for the commercial aviation industry?, offering detailed insight into the ongoing crisis for the whole aviation industry. The comprehensive paper sets out a list of mitigating strategies and actions for airlines, aircraft lessors, MRO (Maintenance, Repair and Overhaul) providers, aerospace manufacturers, and airports to prioritize resources and manage risk.

Adam Cowburn, report author and managing director in Alton?s Hong Kong office, says: ?The surest way out of this crisis is for every player across the aviation value chain to work in tandem with governments and other stakeholders to put airlines back in the air and get revenues flowing again.

?While the fight against the virus continues with travel restrictions and quarantines to limit spread, we are cautiously optimistic that the immediate phase of deep crisis for the aviation industry may come to end in the not-too-distant future. Before settling in the New Normal, the industry will pass through an extended period we are calling the ?Covid overhang? ? certain aspects of life may return to varying degrees of normalcy, but the influence of Covid-19 will continue to loom large over the aviation industry. Businesses must not let unrelenting ambiguity get in the way of continuous mid- and long-term strategic planning.?

Jonathan Berger, report author and managing director in Alton?s New York office, adds: ?The current crisis is unlike anything the industry has seen before. Significant focus to date has been on the very visible impacts Covid-19 has had on airlines, but numerous other players in the value chain ? MROs, lessors, airports, manufacturers, and others ? are reeling from the impact of Covid-19 and need to chart a path out of the current crisis. The companies that emerge the strongest will ultimately be those that plan well and act decisively.?

Alton?s report sets out a playbook for navigating the turbulence caused by coronavirus, offering analysis of the impact across the entire aviation industry, and outlining opportunities available for growth and restructuring. The report ?Covid-19: Implications for the commercial aviation industry? may be downloaded from the link below.

Download Report

Covid-19-Implications-for-the-Commercial-Aviation-Industry_Page_01

关于奥尔顿航空咨询公司

奥尔顿航空咨询公司是一家为航空航天业提供服务的全球咨询公司。该公司由资深航空业高管创立,他们因其思想领导力、定量分析和创新解决方案开发而享誉全球。该公司为航空公司、制造商、MRO 和售后服务提供商、租赁商以及更广泛的金融和投资界等客户提供完整的价值链覆盖。

Alton 的多元化专业顾问团队在纽约、都柏林、迪拜、香港、北京、东京和新加坡设有办事处,为客户提供覆盖整个航空价值链的全球视角和深厚的区域专业知识。典型的客户参与包括战略和业务计划制定、运营绩效改进、重组和交易支持。

Aviation Must Face Up to Prospect of Long ?COVID Overhang?, Says Alton Aviation Consultancy Report