The global impact of the COVID pandemic has been dramatically felt by the global aerospace sector, which almost overnight suffered a catastrophic collapse in demand, which resulted in an 80% decline in air traffic and over 60% of the global airline fleet grounded. The impact on the airlines and its key component supply chain has been immediate and is expected to remain in place for some time.
With a rebound expected in 2021 and 2022—and forecast demand only expected to hit pre-pandemic levels in 2024—suppliers to the sector need to revisit the underlying assumptions that underpin their existing financial plans and ensure key stakeholders continue their support. This is according to Kroll, which provides financial advisory services to the sector.
Workers at the Airbus wing-making plant in Broughton, near Chester, have received an orders boost after US airline Delta added a further 25 aircraft to an existing delivery.
It marks a return to something approaching normality after Airbus, and other plane makers around the world, suffered a collapse in work intake as a result of the coronavirus pandemic that led to international border closures and the grounding of nearly all aircraft for almost a year.
‘Digital inspection’ using simulation and modelling could replace physical testing in the development of new aircraft, the partners behind a new project have said.
The Smarter Testing programme, led by the National Physical Laboratory and Airbus, aims to explore how novel inspection techniques can be used to predict product performance and identify failures early.