Aerospace Part Supplier

Aviation

Industry

90-Day Payment Deferral

CRP Benefits

December 2019

Customer Since

Company Overview

This aerospace company is involved in all aspects of selling airline parts. This includes acquisition, engine sourcing, airframe and engine material sales, and other related services. Considered a full-service parts and engine material sales company, operations were hard hit starting in March when the weight of the global crisis started to settle. Air-travel stopped in some parts of the world; in others it slowed considerably. This company projects a more than 50-percent decline in sales. They cut their overhead by half and eliminated 29-employees. They approached us for payment relief, and we were able to defer payments for 90-days.

*These case studies are provided for informational purposes.  The names of the customers and the specific details of their business and situation have been withheld.  Qualification for Onset’s COVID-19 Relief Program is subject to review and approval by Onset and its underwriters.

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