How Deep Are the Scars? w/David Yu

What is the future of aviation?  Will we be bearing the brunt of coronavirus for years to come or will the impact be short-lived? In this episode, author of Aircraft Valuation, David Yu shares his prognosis for aviation in 2021 and beyond.  The faster we take the difficulties of our reality into account, the faster we can get back on a growth path as an industry. -David Yu Three Things You’ll Learn In This Episode    The impact of furloughed skills on the industry:  Letting people go in a crisis is relatively easy, but getting them back isn’t so simple. As an industry, aviation is at risk of a potentially long-term talent gap.  Why new investors are at an advantage during this period:  Now might not be the worst time to start an airline. Between open routes and the availability of assets and labor force, there are a ton of opportunities for those willing to take the plunge. How the ‘new normal’ will affect aviation in the first quarter of 2021:  With more people working from home full-time we should expect to see a portion of business aviation demand fall away, at least in the short term.   Guest Bio- David Yu is the Managing Director, Chief Investment Officer, and co-founder of aviation investing and financing firm, Inception Aviation Holdings, and the Executive Director Asia of IBA Group, a leading global aircraft appraisal and consultancy. A recognized expert in cross-border finance and investing, he is also an Adjunct Professor of Finance at NYU Shanghai, where he teaches the ‘Investing and Financing In and With China’ class. David is the author of Aircraft Valuation: Airplane Investments as an Asset Class.    To find out more, go to: http://davidyuda.com https://www.amazon.com/Aircraft-Valuation-Airplane-Investments-Asset/dp/9811567425   Learn More About Your Host:   Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEM’s, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers.    Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity, and hit the business goals of the companies he serves.