If the ongoing corona-crisis does effect a structural shift in the air transport market, both the production and aftermarket sectors will have to adjust.
The FAA has released long-awaited policy on using video links and other “remote technology” to conduct inspections and help validate regulatory compliance, adding to a growing set of procedural changes meant to accommodate social distancing during the coronavirus pandemic.
With large cuts in capacity and little expectation of a quick and full recovery, commercial aircraft are headed for one of four fates: temporary storage, long-term storage, cargo conversion or disassembly for parts.
The FAA has made several changes and is preparing more guidance documents and policy statements to help the industry navigate some short-term roadblocks presented by the coronavirus pandemic.
Aftermarket services specialist AAR Corp. is bracing for a drop in demand for maintenance as airlines scale back to cope with reduced flying amid the coronavirus pandemic, but is already seeing a rebound in markets that are now in recovery mode.
EPlane, an electronic marketplace startup for aviation aftermarket parts and MRO, announced March 24 that it landed $9 million in new funding from Japanese conglomerate Marubeni Corp.
Airlines are drastically cutting their passenger flights in response to the novel coronavirus pandemic, which could take several months to contain. This will cause a rash of aftermarket order cancellations.