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Just as the aviation sector is turning the corona corner, new challenges are looming. Geopolitical tensions, environmental concerns and the Great Resignation may delay a return to profitability for already debt-burdened airlines.
In our VZM Market Outlook 2022 for commercial aviation & maintenance we review these challenges. Exploding oil prices due to the conflict in Ukraine threatens economic growth in the upcoming years creating many uncertainties for heavily debt burdened airlines. It may delay but not prevent the recovery of the industry as there are strong signs of increased travel demand. These developments may provide aviation with a new leash of life as is can attract a new generation of engineers and technicians eager to join a multi-disciplinary team in a high-tech, attractive work environment.
We hope you enjoy this 22nd edition and look forward to your feedback and comments. Electronic copies of the Outlook along with other VZM publications are freely available to subscribers of the VZM website at the Info Center. If you are not a subscriber, simply click the "subscriptions" link at the top of this website. Subscription is free of charge and without obligation.
A hardcopy is available on request.
In 2003 Bob Gaerttner joined the VZM Management team and headed the US office. After 19 years Bob has decided to retire as a VZM partner.
During those years Bob has been active supporting customers with Business Development related projects. He served mostly North American aviation companies but has also been involved in supporting the team in Europe. Furthermore, Bob was also an important contributor the annual Market Outlook.
We thank Bob for his much-appreciated cooperation and friendship, as well as the important role he played in the difficult period after Hans Minnee passed away and developing VZM into the company it is today.
With the retirement of Bob, VZM has decided to close the US office, future projects will be managed from the Amsterdam office.
2021 was the second year in a row that the world and the aviation industry was heavily impacted by corona related restrictions. Therefore, VZM feels very fortunate that for three years in a row its revenue have been very stable. Repeat business and the expansion of customers were helping here.
Unfortunately, the corona restrictions once again made it impossible to organize the annual VZM Dutch Aviation Open golf tournament or a Diversium. However, in May VZM organized a successful on-line session with senior leaders of the aviation industry to discuss the industry’s future.
In March the 21st VZM Market Outlook was published describing three thought-provoking scenarios to help stimulate your thoughts about the future. The Market Outlook was well received and resulted in an article in MRO Management’s May issue.
25 years ago, in December 1996 Marcel Versteeg, Hans Zuidema, and Hans Minnee launched VZM Management Services. In 2003 the company expanded with a US branch when Bob Gaerttner joined the team. Unfortunately, that same year Hans Minnee passed away.
VZM has been very successful from the start, being widely recognized for knowledge and expertise in providing change leadership, interim executive management, and business development advice to the aviation industry worldwide.
In 2000 it published the first Market Outlook, which over the years has become a well-established and respected annual publication. In 1999 it organized the first Dutch Aviation Open golf tournament for customers and business associates.
Unfortunately, once again VZM was forced to cancel the 21st VZM “Dutch Aviation Open” golf tournament on September 14. The corona restrictions were making effective networking – which is the prime reason for organizing the event – impossible.
As follow-up of the VZM Market Outlook 2021, VZM organized an online session with 9 senior leaders from the aviation industry at the end of May. The participants had a lively discussion elaborating and discussing the scenarios described in this year’s outlook. Furthermore, they exchanged lessons learned from the pandemic period and expected developments in the industry.
MRO Management of May 2021 includes the article How will the industry evolve from 2022 onwards? in which VZM elaborates the scenarios described in the VZM Market Outlook 2021. Following an excerpt from the article.
When our team had the first discussion for the annual VZM Market Outlook we quickly concluded that the market conditions are still very fluid. Will we be confronted with even more pandemic waves or mutations of the coronavirus? Has the pandemic permanently changed our thinking about working from home, traveling less, and becoming more environment-conscious?
The whole article can be found in the MRO Management May edition.