Aviation - Letting a Crisis Go to Waste?
The airline business is in crisis with passenger numbers down more than 50% in Europe alone. In an industry where the difference between major loss and profit is a small change in load factor, the situation is bleak. Some airlines are predicted to fail; even the good ones are receiving government support to survive.
Winston Churchill is quoted as saying “Never waste a good crisis”. There are examples of companies that turned a major crisis to their advantage. So, what does this crisis mean for the airline business and for the infrastructure that supports it?
Get an up-to-date report on the current situation. Listen to our experts discuss what this means for the airlines and also for the airports that depend on the flights and the footfall of passengers to survive.
What is being done to respond? What opportunities might exist to take advantage of the crisis? What might the airline industry look like 5 years from now? What will airports look like?
Join us in a Zoom event.
Keynote speaker: Andrew Charlton
Andrew is the managing director of Aviation Advocacy, an independent air transport focused strategic consulting and government affairs consultancy. He has wide-ranging experience in the legal, commercial and aero-political aspects of all parts of the aviation industry. He has been involved in some of the most major developments in the industry. Previously, Andrew was the Chief Legal Officer of Qantas Airways before being responsible for Government Affairs for IATA and then SITA.
René began his career in 1998 with Fraport AG, working in several positions including Senior Executive Manager at Frankfurt Airport. In 2008, he joined the consulting company A.T. Kearney, first as a Manager and later as Principal in the transportation and travel practice. He was responsible for many strategic and commercial projects within airports and airlines around the world. He joined Lux-Airport in 2016, first as Commercial Director, and has been its CEO since mid-2018.
Colm Moran was the Founder and Chief Executive of Dublin Airports Authority (daa) International. daa International is the international arm of daa Group that manages and operates airports. Prior to his position as Chief Executive, he led the €1.7bn Capital Investment Program across three airports (Dublin, Shannon and Cork) that included the successful delivery of Terminal 2 at Dublin Airport. Before joining the daa Group, he managed the re-development of Dublin’s Lansdowne Road Rugby Stadium (now Aviva Stadium).
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18.05 Welcome/logistics explanation by Joe Huggard ILCC Chairman
18.10 Presentations by speakers
19.00 Panel discussion and Questions and Answers
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The Ireland Chamber of Commerce held an online event, ‘’Aviation – Letting a Crisis Go to Waste ‘’ on
Tuesday December 1.
Keynote speaker Andrew Charlton, managing director of Aviation Advocacy, described the situation for the aviation industry as ‘’grim and getting grimmer’’. The number of flights taking place has decreased dramatically, there has been a major drop in footfall in airports and some airline companies have ceased operations. Airports have closed terminals. This is a result of COVID -19 but not helped by aviation regulators whose standards have historically challenged the progress of the airline industry, which pre-COVID-19, had only 30 profitable airlines globally.
Mr Charlton outlined that certain sectors of the aviation industry are doing well out of the crisis. Those sectors are cargo and possibly unmanned delivery systems, drones, which at present is a delivery option that is being worked on aggressively by FedEx and Amazon.
Also, smaller airlines with smaller fleet that concentrate on domestic or short haul flights could do better in the crisis.
Mr Charlton was joined by panellist René Steinhaus, CEO of Lux-Airport and Colm Moran, former Chief Executive of daa International. Mr Steinhaus added that despite the pandemic, Luxembourg Airport
remained very strong.
Colm Moran explained that the world was changing and that the major capital investment in airports was as significant as in aircraft and had a very different structure and time horizon.
All speakers were unanimous in saying that the introduction of the COVID-19 Vaccine next year will play a major role in the recovery of the aviation industry, but full recovery was not to be expected for another
The Chamber would like to thank its members for continuing to support its events.