The Aviation Sector worldwide knew COVID-19 would leave nasty scars but everyone was hoping for a steady recovery within the 2nd half of this year. Fact is that while Europe is trying to open up its markets the virus is still raging in some areas thereby restricting free movement and posing great risks for travelers. East-Asia, that seemed to be well ahead in fighting the virus announced to block all border crossings for foreigners until end of August (or longer) and the Americas are still stuck in the middle of a desperate fight for saving lives and recovering stability. Reason enough to take a closer look at the once promising market of Brazil.
When crisis situations slow down business life it is most important to use the available time to develop new structures and concepts and to invest into opportunities that will pay back in a post-Corona world. While the Central European countries are slowly returning to the new “normality” SAC would like to introduce what we have been working on.
In the last newsletter we looked at the crisis-ridden commercial aviation sector and the players’ prospects for the coming months and years. While this sector will require 2-3 years to regain its strength the business aviation community is more optimistic about continuing demand and stable prices in case travel restrictions will be cut for the 2nd half of this year and COVID-19 will not see a threatening 2nd wave across the globe. The first region to open up and returning to the “new” old daily routines is East Asia. Reason enough to take a closer look.
The looking-glass world in times of Corona is asking for more breath than initially expected by most of us. While strict measures in Europe bring down infection rates the virus will stay with us for the rest of the year – and longer. We all have to find our ways to cope with the situation and adjust to new conditions. But we can manage by trusting longstanding business relations, becoming creative and communicating openly. The business world will have to become more modest and tolerant.