Business Enquirer Edition 106 | Market Leaders | Airbus Headline

Page 83

FLYHT

Higher-Level Insights FLYHT Aerospace Solutions Ltd. accelerates airlines’ digitalization by transforming operational data into immediate, quantifiable actions that improve aviation efficiency and profitability in 2022.

T

he Covid-19 pandemic was not kind to the global aviation industry. Over 40 airlines, such as Air Italy and Miami Air International, filed for bankruptcy by the end of 2020. Others underwent harsh restructuring plans and hurried business model adjustments in order to survive. The drastic reduction in flight demand ushered large, widebody commercial aircraft like the Boeing 747 and Airbus 340 into swift retirement. Fortunately, 2022 hints at more cheerful skies. In June this year, the International Air Transport Association (IATA) upgraded its outlook

Business Enquirer Magazine · Issue 106

83


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.