This document discusses the economic impact of the COVID-19 pandemic and opportunities in the aviation industry. It notes that economists predict a major global recession as business and investment activity drop sharply. All sectors will be impacted, with restaurants, durables, and venture capital seeing severe effects. However, history shows we should remain optimistic. The pandemic may be an inflection point accelerating the adoption of electric vehicles and aviation. Electric propulsion technologies are advancing and opening up new routes, though continued innovation is needed to fully transition the industry.