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Ryanair’s recent $22 billion order of 200 Boeing’s 737MAX aircraft is a clear sign that the growth of the global fleet isn’t going to slow down anytime soon. In the meantime, TeamSAI predicts that the global MRO-related spending can be expected to increase at a rate of 3.3% annually until 2022. Following an intense period
With a combined backlog of more than 10 000 commercial aircraft, both Boeing and Airbus have never been in a stronger position, particularly when it comes to negotiating with their suppliers. As a result, the OEMs have been increasingly pressuring the latter to offer significant price concessions in order to be able to sell new
Following the latest trends within the aviation industry, spare parts business, once a mundanely straightforward enterprise, has evolved into one of its most dynamic sectors. However, as in most cases, the new developments were accompanied by unique challenges. On the one hand, technologically advanced components help to drive down maintenance costs on the newest aircraft.
Under competitive pressure more and more airlines are abandoning the strategy of holding huge and expensive aircraft parts stocks to support their operations. However, it does not mean that they are willing to give up on the extremely reliable dispatch such stocks support. As a result, finding the right balance between spares availability for fleet
With airlines worldwide carrying unprecedented numbers of passengers and aircraft manufacturers reaching record production rates, the recovery of the global aviation industry is unquestionable. As a result, IATA forecasts the airline industry to generate $746 billion revenues in 2014. However, with the actual profit accounting for as little as $18 billion, there are still important
The influence of the aftermarket services on today’s commercial aviation industry is undeniable. The most recent statistical data indicates that the spare parts market has grown by over $5 billion in 12 years’ time and now accounts for almost half of $54 billion worth MRO market. However, despite the impressive growth, the segment has still
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