Watch Tony Vernaci, President/Founder of the Aerospace Industry Association of Michigan (AIAM) talk with Chris Holman on this portion of the Michigan Business Beat. Tony catches Chris up on how the airlines have been hit hard by COVID-19 and how the association is working hard to remain up-to-speed.
AIAM is monitoring a trickle-down effect on the whole industry. Sixty-five percent of the fleet is parked and moved to a process known as part-out, which means companies are taking parts from "out of service" planes. This results in a standstill for new production and for the airline suppliers.
Watch full interview below!
About AIAM
The Aerospace Industry Association of Michigan is a non-profit, member driven industry organization. It is a platform for aerospace leaders in the state to work together on a common set of priorities to strengthen and support the continued growth in the industry through talent attraction and new investment in Michigan.