Provider of precision machining and engineering services for the aerospace industry, JEP Holdings, is expected to go through a rough 18 months as aviation equipment orders have frozen, according to PhillipCapital.
The aviation industry is one of the worst hit industries amid the Covid-19 outbreak. International air travel has collapsed as countries worldwide are keeping their borders closed to contain the outbreak.
This has caused an overcapacity in aircraft production, a reverse from the insufficiency during pre-Covid times. Orders have mothballed.
