Springer Aerospace contributed to its own skid into insolvency

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Christopher Grant, the company’s chief executive officer, admits mistakes were made

The COVID-19 pandemic played a part in Springer Aerospace's current financial struggles, but it wasn't the only factor.

"The COVID-19 pandemic contributed significantly to Springer’s financial challenges. The aviation and travel industries were seriously impacted by the COVID-19 shutdowns internationally. Many airlines laid off staff and grounded fleets." Those who aren't administrators are usually skilled tradespeople and engineers, many with obligatory certifications.

"I believe the implementation of an appropriate performance management system will bring substantial productivity and profitability improvements."

 

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