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According to AeroStrategy, the total amount of aircraft inventory in the industry is worth over $47 billion reaching the overall value of the entire MRO services’ market. The major portion of the inventory is airline-owned, proving that carriers prefer to maintain fully equipped own stocks, rather than acquire spare parts in case of need. But
In the end of 2011 Rubicon Diversified Investment along with easyGroup has revealed the plans to launch a new low-cost airline, which would serve regional hubs in Africa. With an average forecasted annual passenger growth of over 6%, Africa shows great aviation development potential. Unfortunately, many local start-ups in the industry are still short-lived. According
Global $49.5B MRO industry is expected to grow to $68.4B over the next 10-year period. According to the forecasts of aviation experts, engines and component segments are expected to maintain the highest growth rate. Despite these optimistic expectations, the Western World is still struggling to recover economically. Forming new business relationships with partners and setting
In the last couple of decades, despite several global economic shake-ups, aviation industry have been rapidly expanding to meet the demand determined by the increasing number of passengers and global business trends all over the world. As a result, airlines have been rapidly expanding and renewing their fleets that require constant care, maintenance and support.
In the next two decades the global MRO profits should increase from USD 40 to 100 billion. Although today the Asian Pacific region accounts for a fifth of the entire market, the MRO industry in China and India grows by on average 8% per year. Passenger flows have already reached 700 million annually. Therefore, with
Within the next decade the aviation market will be steadily shifting towards the East. Extensive investments into the aviation infrastructure and logistics, expanding and constantly updated aircraft fleets as well as increasing passenger flows will definitely impel the MRO sector to concentrate on the Middle East, especially the North African and Asian regions. Last year
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