Aviation sector comprises the activities surrounding mechanical flight and the aircraft industry. The inception of Aviation industry goes back to the 18th century with the development of the hot air balloon. Since that time, aviation has been technologically revolutionized and has become a major form of transport throughout the world.
The pandemic’s impact on the aviation industry has been seismic – but not terminal. With turnaround promises expected to exceed pre-COVID levels by mid-decade, this industry cannot afford to return to pre-pandemic norms. We can expect to see significant disruption in the coming decade from technologies such as: AI, Big data, IoT, EV and AV, Synthetic and hydrogen fuels and VTOL.
The aviation ecosystem will need to evolve rapidly in response to these technologies and others. Players looking to thrive in the post-COVID normal need to assess now both the threats and opportunities presented for their long-term strategy.
KPMG’s team of 500+ experts globally with incomparable scale and depth of experience within the sector helps clients resolve their most complex business issues. We work with the leading organizations in aviation in the UAE, the Middle East and globally to proactively provide data-driven guidance and insights which helps inform their strategies, investment priorities, resource optimization and risk management. Our ability to align closely with the client’s organizational culture, governance and management processes gives us an edge.
KPMG is globally is also recognized as the center of excellence for the aircraft leasing industry. Almost every aviation finance industry player of any significance is our client.
Aviation Insights from KPMG Network
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