The following is Part 2 of a 5 part series about taking Commercial Aviation into the new Post Covid19 Frontier.
Investment collaboration and return on investment (ROI). As we stated in Part I the road forward is dangerous.
The past model will not be acceptable nor will it work going forward.
We need to emerge from COVID19 with a collaborative partnership mindset.
Governments need to invest in the aviation sector (airlines and airports/aerodromes) purchasing shares is one form
This makes sense as with an ownership stake the money becomes an investment not strictly a loan.
The capital is required to support the move to environmental sustainability through initiatives such as:
- Reforestation
- Bio fuel and hydrogen
- Electric propulsion
- Onboard wind turbine tunnels
All of these will lead to increased revenue streams and cost reduction (fuel being the 2nd largest expense).
Airlines need to ensure the cabin environment with better air circulation, clean surfaces well maintained, PPE’s for employees. Well cared for workers are more productive and cost effective.
Ensure employees receive a living wage *this will promote very cost effective, revenue generating TEAMS even through 3rd Party vendors. This money will be recirculated and reinvested.
Employee stock options and ownership will promote the best practices and create a culture of discipline driving profits.
This is a vast departure from the current economic system but the benefits are far reaching if we have the courage
To put it in practice.
Next Part III – The Value added of an Effective TEAM.
Wayne Anaka – CEO AVCON.WW Inc.