Since the beginning of 2020, the airline and aerospace industries have been in unprecedented turmoil. The Covid-19 crisis has kept passengers at home in lockdown in their millions, grounded airlines around the world, pushed some to go out of business, resulted in orders for the delivery of new aircraft to be postponed or outright cancelled, and caused massive shockwaves all along the supply chain. The constant growth we witnessed over the last 10 years has been brought to a very abrupt halt.
The full impact of these disruptions cannot yet be fully assessed and nor do we have any way of knowing exactly how the aerospace industry will fare over the next few years. However, it is fairly safe to say that there will be overcapacities in the market and increasing cost pressures.