Hiawatha Bowline Is a Manufacturer of Fixed-Wing Aircraft

Hiawatha Bowline is a manufacturer of fixed-wing aircraft. They manufacture planes from small bush planes to larger corporate jets. Hiawatha Bowline has allocated goodwill to the small bush plane CGU. Two years ago, there were several defects in casting propeller blades which led to several crashes and bad publicity. At the end of the same year, the company determined that the goodwill was impaired (but not fully). This year, however, the defects have been worked out, and Hiawatha Bowline has, according to consumer ratings, the most reliable small bush plane on the market. Business is booming, and it is appropriate to reverse any impairment loss to goodwill per IAS 36.