The spread of COVID-19 has had a lasting impact on the airline and aviation industries and most businesses are looking for ways to improve cash management to ensure their continued survival during these uncertain times. While determining regional trends may seem like a challenge, fleet planning ensures a highly dynamic maintenance schedule to support aircraft maintenance, repair and overhaul (MRO) strategies and maximize any existing assets that they may have. Of course, this can help avoid unnecessary spending – particularly among airline customers that are in areas that have continued lockdown procedures in place or severely interrupted flight schedules.
Recently, many airline customers have started to move away from traditional maintenance planning to invest in a more customized or tailored approach; however, this requires the keen insight provided by an experienced aircraft MRO provider such as VE Aerospace. Now, more than ever, it is much easier to utilize assets for longer periods while investing in smaller work scopes during more defined intervals. Unfortunately, one variable that will inevitably affect the price of customized maintenance schedules is the supply and demand for usable serviceable material (USM).
Post COVID-19 Opportunities for Aircraft MRO
While it may seem difficult to overstate the effect that COVID-19 has had on commercial aviation, most passenger air travel has come to a standstill – simultaneously affecting maintenance, repair and overhaul procedures at the same time. Airlines still face several hurdles to recover from the ongoing effect of the coronavirus pandemic; however, domestic travel is starting to pick up with international travel primed to make a comeback. Bringing back older planes allows airlines to cancel or defer new aircraft orders and continue to save cash.
Reading the trajectory of the airline industry is harder than it ever has been previously and new outbreaks or mutations in the COVID-19 virus continue to make new restrictions inevitable. As some regions of the world emerge from the impact of the virus sooner, domestic travel and subsequent aircraft MRO spending will continue to rebuild until it reaches or exceeds prior levels. Even so, mutations in the COVID-19 virus and the resurgence of this virus in various regions will continue to provide uncertainty for the aircraft and airline industries.
Why VE Aerospace?
If you have aerospace accessories that need repairs, the team at VE Aerospace is here to help. The leadership of VE Aerospace strives to gain your trust and earn your business by providing quality products, transparency, and superior customer service. VE Aerospace is certified by the Federal Aviation Administration and European Aviation Safety Agency.