march2021 - 27

may struggle to survive due to lower earnings and cash flows.

Narrow-Body Leads Recovery
in the Short-to-Medium-Term
As a result of the pandemic, there have been
certain behavioral changes among passengers, with an increased focus on short-haul
and domestic travel. In 2020, average air
travel trip length was expected to drop
by about 8.5% globally - International
Air Transport Association (IATA) does
not expect a return to pre-pandemic trip
length levels before 2025.8 Hence, the focus
on domestic and short-distance travel
is expected to continue in 2021, as well.
According to our research conducted in
January 2021, 81% of consumers said they
are unlikely to take a domestic flight for
leisure in the next three months, and 85%
responded they are unlikely to fly internationally in that period.9 With domestic travel gradually opening up - and restrictions

on international travel continuing - aircraft deliveries are expected to be skewed
toward more narrow-body aircraft in the
short-to-medium-term. This could also
result in higher demand for narrow-body
aircraft, which is likely to lead to recovery
over the medium-term.

Demand for Aftermarket Parts
& Services to Remain Weak
Due to lower aircraft utilization rates,
the sale of aftermarket parts and services
will also remain weak, especially as airlines delay discretionary maintenance or
upgrades to conserve cash. The impact on
the sale of aftermarket parts and maintenance services is likely to have a larger
impact on sector profitability as this is
typically a high-margin business. One of
the critical challenges impacting the aftermarket business is airlines taking advantage of excess aircraft to swap out parts
that need repairs. Some parked planes have

SAFETY COVERS

about 14,700 at the end of 2018 to 13,350
as of December 2020. 6 Apart from commercial aircraft, deliveries for rotorcraft are
also expected to remain nearly 15% below
pre-pandemic levels in 2021, at 750 units.7
Commercial aircraft backlog could further
decline as new orders are likely to remain
subdued in the short-to-medium term.
Production rate reductions by OEMs will
also adversely impact the extended commercial aerospace manufacturing supply
chain, especially the mid-to-lower-tier suppliers and service providers, some of which

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27


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march2021

Table of Contents for the Digital Edition of march2021

Editor's Takeoff: Unnecessary Spending
Industry Inspection
Rotor Motors - Ready to Take Flight
The Potential of Prediction
Industry Outlook: Commercial Aviation Post Pandemic
A Year of Support
Suitable Software
Professionalism: Is the Fault Removed?
ATEC Insight: Aviation Technician Education Community Sets Advocacy Priorities for 2021
Advertiser's Index
ARSA Insight: Every Year
march2021 - 1
march2021 - 2
march2021 - 3
march2021 - Editor's Takeoff: Unnecessary Spending
march2021 - 5
march2021 - Industry Inspection
march2021 - 7
march2021 - 8
march2021 - 9
march2021 - Rotor Motors - Ready to Take Flight
march2021 - 11
march2021 - 12
march2021 - 13
march2021 - 14
march2021 - 15
march2021 - The Potential of Prediction
march2021 - 17
march2021 - 18
march2021 - 19
march2021 - 20
march2021 - 21
march2021 - 22
march2021 - 23
march2021 - Industry Outlook: Commercial Aviation Post Pandemic
march2021 - 25
march2021 - 26
march2021 - 27
march2021 - 28
march2021 - 29
march2021 - A Year of Support
march2021 - 31
march2021 - 32
march2021 - 33
march2021 - 34
march2021 - Suitable Software
march2021 - 36
march2021 - 37
march2021 - 38
march2021 - Professionalism: Is the Fault Removed?
march2021 - ATEC Insight: Aviation Technician Education Community Sets Advocacy Priorities for 2021
march2021 - Advertiser's Index
march2021 - ARSA Insight: Every Year
march2021 - 43
march2021 - 44
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/august-september-2021
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/amt_june-july_2021
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/amt_april-may2021
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/march2021
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/october2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/augustseptember2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/junejuly2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/aprilmay2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/march2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/AircraftMaintenanceTechnology_January-February2020
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/AircraftMaintenanceTechnology_November2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/october2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/augustseptember2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/junejuly2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/Aircraft_Maintenance_Technology_April-May_2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/march2019
https://www.nxtbook.com/endeavor/aircraftmaintenancetechnology/januaryfebruary2019
https://www.nxtbookmedia.com