By TTA Blog
As the aviation industry looks forward to recovery following its most challenging time in history, not everyone is enjoying the same level of progress. For months, the outlook has been that this industry will continue to shrink – albeit, some sectors much less than others. Such is the case for suppliers and service providers of regional airlines, business jets, and corporate and private aircraft.
With the impact of the ongoing pandemic causing such drastic changes in commercial passenger air travel, the landscape for suppliers and service providers in this business niche is relatively favorable. In fact, by continuing to meet the growing demand for increased services in the small-jet industry, they are well positioned to play a significant role in the “New Normal” of air travel.
Market Realities
However, over the last decade, the commercial carriers have pressed their supplier and service-support base to hold costs down – even while increasing passenger ticket pricing and reaping the benefits of lucrative add-on fees related to checked baggage, earlier boarding, change fees, and even basic seat assignments.
Yes, airline companies worldwide were riding high, enjoying a sustained period of profitability prior to COVID-19. And as this prosperous season kept up, they confidently pushed up operating costs within their organizations.
But now, as the pressures of the pandemic-era mount, they’ve been forced to significantly trim operating costs, which means they are pressing their suppliers and service providers for further cost-saving measures.
Creative Solutions
Supplier-based Maintenance Repair & Overhaul (MRO) operations such as Thrust Tech Accessories will need to be agile and more creative than ever in offering innovating solutions to win the airline business – as we crest the horizon of the New Normal world.
Please be safe and strong.
~ Stanley Kowlessar Sr.
