ISTAT Jetrader - Winter 2020 - 24

You must have the agility
to adjust, perform and take on
challenges as they come.
team has done an absolutely fantastic job across the board.
We haven't missed a beat in our collaboration with our
customers, our supplier partners or other stakeholders. We
have tested technology and our business resiliency, as a
company, in order to provide high-quality service, even in an
environment that was completely unthinkable for most of us
prior to the pandemic.
Over the past decade, we've worked to diversify our
strategy regarding our fleet, services, customers and our
geographic focus, as well. That has certainly helped, but it's
also a matter of course that when something like this strikes,
you must have the agility to adjust, perform and take on
challenges as they come.
When do you expect to see light at the end of the tunnel?
MS: There's a lot of " noise " around at the moment, so it's
really hard to predict how the global economy is going to

TECHNICAL SERVICES

24

* T H E O F F I C I A L P U B L I C AT I O N O F I S TAT

perform over time. But what we are seeing is that certain
economies are already beginning to pick up. Consumer
sentiment is improving worldwide, certainly in Asia faster
than elsewhere because they are ahead of us when it comes
to recovering from the pandemic.
If you look at PMI, or Procurement Managers Index, that is
also showing good indications that the economy is improving.
Those are important indicators for airfreight because when
PMI is above the 50 level, that means there is growth in
the global economy overall. Also, if you look at what other
institutions are indicating, you'll see an average growth of
airfreight. In annual terms, somewhere around 2-3%, on
average, and that could resume as of the latter part of 2021.
If that assumption holds, then you will see that demand is
going to grow faster than supply can ever return. That is a
good sign for airfreight.
However, this can change depending on the overall impact
of the pandemic on the global economy. We don't have a
playbook for exactly how the economy is going to play out
depending on how long the pandemic continues. So, there are
risks here, as well. If consumption all of a sudden reduces,
which is hard to see at the moment - but if it does, that
would have an immediate impact on airfreight and other
transportation modes.


http://kellstromaerospace.com

ISTAT Jetrader - Winter 2020

Table of Contents for the Digital Edition of ISTAT Jetrader - Winter 2020

ISTAT Jetrader - Winter 2020
From the President
News & Events
Perspectives: Q&A With Rich Wiley of SKY Leasing
Winds of Change
10 Years of Air Shows
ISTAT Foundation
Appraisal: Airbus A330-300 and Boeing 767-300ER
At a Glance: Peter Hopkins
Advertiser Index
ISTAT Jetrader - Winter 2020 - Intro
ISTAT Jetrader - Winter 2020 - ISTAT Jetrader - Winter 2020
ISTAT Jetrader - Winter 2020 - Cover2
ISTAT Jetrader - Winter 2020 - 1
ISTAT Jetrader - Winter 2020 - From the President
ISTAT Jetrader - Winter 2020 - 3
ISTAT Jetrader - Winter 2020 - 4
ISTAT Jetrader - Winter 2020 - 5
ISTAT Jetrader - Winter 2020 - 6
ISTAT Jetrader - Winter 2020 - 7
ISTAT Jetrader - Winter 2020 - News & Events
ISTAT Jetrader - Winter 2020 - 9
ISTAT Jetrader - Winter 2020 - Perspectives: Q&A With Rich Wiley of SKY Leasing
ISTAT Jetrader - Winter 2020 - 11
ISTAT Jetrader - Winter 2020 - 12
ISTAT Jetrader - Winter 2020 - 13
ISTAT Jetrader - Winter 2020 - 14
ISTAT Jetrader - Winter 2020 - 15
ISTAT Jetrader - Winter 2020 - Winds of Change
ISTAT Jetrader - Winter 2020 - 17
ISTAT Jetrader - Winter 2020 - 18
ISTAT Jetrader - Winter 2020 - 19
ISTAT Jetrader - Winter 2020 - 20
ISTAT Jetrader - Winter 2020 - 21
ISTAT Jetrader - Winter 2020 - 22
ISTAT Jetrader - Winter 2020 - 23
ISTAT Jetrader - Winter 2020 - 24
ISTAT Jetrader - Winter 2020 - 25
ISTAT Jetrader - Winter 2020 - 10 Years of Air Shows
ISTAT Jetrader - Winter 2020 - 27
ISTAT Jetrader - Winter 2020 - 28
ISTAT Jetrader - Winter 2020 - 29
ISTAT Jetrader - Winter 2020 - 30
ISTAT Jetrader - Winter 2020 - 31
ISTAT Jetrader - Winter 2020 - 32
ISTAT Jetrader - Winter 2020 - 33
ISTAT Jetrader - Winter 2020 - 34
ISTAT Jetrader - Winter 2020 - 35
ISTAT Jetrader - Winter 2020 - 36
ISTAT Jetrader - Winter 2020 - 37
ISTAT Jetrader - Winter 2020 - ISTAT Foundation
ISTAT Jetrader - Winter 2020 - 39
ISTAT Jetrader - Winter 2020 - 40
ISTAT Jetrader - Winter 2020 - 41
ISTAT Jetrader - Winter 2020 - Appraisal: Airbus A330-300 and Boeing 767-300ER
ISTAT Jetrader - Winter 2020 - 43
ISTAT Jetrader - Winter 2020 - 44
ISTAT Jetrader - Winter 2020 - 45
ISTAT Jetrader - Winter 2020 - At a Glance: Peter Hopkins
ISTAT Jetrader - Winter 2020 - 47
ISTAT Jetrader - Winter 2020 - Advertiser Index
ISTAT Jetrader - Winter 2020 - Cover3
ISTAT Jetrader - Winter 2020 - Cover4
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