Right when the situation started to get better for the businesses, the second wave of the Covid pandemic halted their progress. How is it affecting your operations and finances both domestically and overseas?
The industry had thought the worst was behind it after the First Wave. But the difference this time around is that unlike during the First Wave, which was more global in nature and impacted the industry secularly across the board, the impact in the Second Wave was more localized to the sub-continent with the series of lockdowns and restrictions in India posing problems. But the overall business climate globally remains on the upward trajectory.
Talking about the impact on operations, the first and foremost concern was the health and safety of our employees. So, in the first instance when the Second Wave emerged, we took immediate steps to curtail its impact and to ensure social distancing, and take care of employee wellbeing. We ensured that our most critical deliveries and commitments to customers were met. To give credit to the Karnataka Government, they identified A&D as an essential service and supported us in meeting our commitments. This provided immense confidence to our global customers.
That apart, our fundamentals are strong and our operating model intact. So, we are inherently geared to take some shocks and have learned quite a lot on managing crises from the earlier wave.
Esta historia es de la edición July 2021 de Aviation Update.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2021 de Aviation Update.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Future Cultural Challenges for Airlines And Airports
Introduction Assuming we are all alike is one of the greatest mistakes we human beings are making all the time. Another mistake we constantly make is to assume that our way of doing things is the only right way. So when people do things differently e.g. how people queue up or what we ascribe status to we try to educate them to do or see it our way. This is usually not well received and a conflict starts.
Boosting the growth of MRO Industry
Dr. Praveen Srivastava, Founder & CEO - AeroChamp, in conversation with our Special Editor Rohith Reddy on the reforms needed in the industry
MoD issues RFP for construction of six P-75(I) submarines for Indian Navy
As a major initiative towards ‘Make in India’, Ministry of Defence (MoD) has issued Request of Proposal (RFP) for the first acquisition programme under the Strategic Partnership Model for construction of six AIP fitted Conventional Submarines named Project 75(India) [P-75(I)] for the Indian Navy, on July 20, 2021.
Lockheed Martin Opens Advanced Manufacturing Facility to Expand Orion Spacecraft Production
Lockheed Martin opened its Spacecraft Test, Assembly and Resource (STAR) Center. The STAR Center features business and digital transformation innovations that will expand manufacturing, assembly and testing capacity for NASA's Orion spacecraft program and ultimately, future space exploration.
Rafale Aircraft Formally Inducted into 101 Squadron of the IAF
The Indian Air Force formally inducted Rafale aircraft into No. 101 Squadron at Air Force Station Hasimara in Eastern Air Command (EAC) on 28 Jul 21.
Forward towards growth
Yogesh Garg, Director, Sales - Asia Pacific - De Havilland in an exclusive interview with our Editor Mr. Kartikeya
RoyalJet adds European based BBJ to world's largest fleet
RoyalJet, the Abu Dhabi-owned and operated award-winning premium private aviation leader, has added a privately owned Boeing Business Jet (BBJ) to its growing fleet of managed aircraft.
Tata Boeing Aerospace Delivers 100th Fuselage for the AH-64 Apache Combat Helicopter
Tata Boeing Aerospace Limited (TBAL) announced the delivery of the 100th fuselage for the AH-64 Apache combat helicopter to Boeing from its state-of-the-art manufacturing facility in Hyderabad.
Textron gets order for up to 150 Cessna Grand Caravan EX aircraft
Textron Aviation announced Surf Air Mobility has signed a purchase agreement for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more.
Virgin Galactic completes first fully crewed spaceflight
Virgin Galactic’s VSS Unity successfully reached space on July 11, completing the company’s fourth rocket-powered spaceflight. The flight was the 22nd test flight of VSS Unity and the first test flight with a full crew, including Indian American SirishaBandla in the cabin, including the Company’s founder, Sir Richard Branson.
