Airlines from across the board are having to experience a serious fallout effect from the ongoing pandemic. The health crisis (while, a major problem in itself) is snow balling into an economic and social nightmare. This video discussion between Waqas Ahmed and Jude Mudannayake presents some of the medium and long term implications of the ongoing covid19 coronavirus pandemic. The host, Waqas Ahmed (@waqas.six4) is a learning and development consultant at Asset Yourself in Islamabad, Pakistan. He has worked in fields of construction and manufacturing in various capacities ranging between design engineering, commissioning engineering, and project management. The projects that Waqas has worked on have been commissioned in United Arab Emirates, Kingdom of Saudi Arabia, Italy, United States of America and Germany. Waqas's academic qualifications include bachelor's degree in mechanical engineering, and a master's degree in project management.
The guest, Jude Mudannayake is a Srilankan born Dutch national working as a project manager for a manufacturing company. Before becoming a project manager for architectural composite manufacturing, he has worked as a structural engineering in the aviation industry. Jude has a bachelor's degree in aeronautical engineering, and a master's degree in technology and engineering applications of advanced composites.
Both Waqas and Jude are well positioned to provide for reasonable analysis on aviation impact following the outbreak of covid19 coronavirus.
Anti-globalization sentiment was already gathering momentum even before the arrival of corona virus pandemic. And, travel bans and relating restrictions were already on the rise. However, covid19 has now escalated the crises on a whole new front. The shape of globalization is potentially going to change for an all new direction.
The exchange of goods and services across borders has been severely impacted at the moment in short term. But, as things begin to adjust and adapt towards the formation of new normal - it seems that people to people globalization in physical space will perhaps begin to reduce (with more regulations and limitations coming into play). However, exchange of goods and services across different border areas is expected to increased as corporations would try to diversify their pools of supply and human resources to reduce cost, and improve quality.
Ongoing health crisis is clearly leading us into a recession in these early months of 2020. The impact on manufacturing is going to be significant as a lot of airlines (particularly in europe and north america) will find it difficult to sustain through the crisis, and perhaps move on to file for bankruptcies. Struggling airlines (almost all of them) will perhaps not be in position to make new purchase orders - unless, a major shift in aviation trend happens to take place.
The prevailing circumstances are unprecedented. So, naturally - decisions coming out of boardrooms will need to be equally unconventional. While the engineering, logistics and business details remain to be evaluated by all parties - perhaps, in accordance to the changing globalization outlook - may be, most wide bodies passenger aircraft's are going to get refurbished to become cargo planes - meeting demands for increasing goods and services based globalization. And, new narrow bodies passenger airplanes will get manufactured for airlines that remain resilient through ongoing crisis in means to having flying assets that are more fuel efficient, and that perhaps account for diversified flying routes for relatively smaller passenger traffic.
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Asset Yourself and Transform
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