Wise Counsel for future Aviation Planning, safety to benefit
How Focusing On Finance Sets Up Companies For Crisis
The Aviation Industry Can’t Give In to the Temptation to Compete on Safety
The past eighteen months all segments of aviation have been tested. The above two articles attempt to draw lessons from that horrific experience. Their advices plus the message of Does Boeing’s Lean Manufacturing Drive Need Some SMS Balancing should help all plan their post COVID-19 and Max 8 events.
Airlines, airports, manufacturers, BA/GA, and all other sectors have enjoyed a period of reasonable expectations. The predictable planning horizons allowed the planners to draw fine, precise lines based on those forecasts with narrow financial reserves, parts inventory, limited pilot/flight attendant/mechanic/customer relations staff/ etc. and other elements of money. The two unexpected crises caused great damage through the collective inability or limited inability to respond.
The wise counsel of these experts should help to guide the aviation sector. Wall Street must be more tolerant of more asset-laiden balance sheets and more conservative ROIs. Airlines need, particularly with SMS, to cooperate and collaborate on measures designed to reduce risk. Improved safety can be shared collectively with the traveling public benefiting from this shared safety culture.