Global aerospace industry hits turbulence over coronavirus pandemic

The coronavirus pandemic is creating ripples across the global aerospace components industry, with red lights flashing over its two most fundamental characteristics — global supply chains, which move materials and components rapidly across borders; and fabrication facilities, with large numbers of employees working in close proximity. 

India, a growing player in the global aerospace industry, is directly impacted. Several hundred small, medium and large Indian firms manufacture or assemble some Rs 10,000 crore worth of aerospace components annually for original equipment manufacturers (OEMs) such as Boeing, Airbus, Lockheed Martin, and Bell Helicopters.

Boeing alone sourced over Rs 7,000 crore worth of components