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Given the numbers of aircraft in service today, MRO has evolved to become a major market differentiator within aviation. Visiongain predicts that the value of the commercial aircraft MRO market in will top $80 billion in a decade. However, it also expects the market to face many new challenges, including those stemming from some OEMs
Spare parts supply represents an especially large part of aviation business. According to Oliver Wyman consultancy agency, the global aviation industry spends more than $5 billion annually to replenish and maintain an insurance policy against the inevitable failure of component parts alone. For airlines, this translates to a collective balance sheet item of $19 billion.
Whether it’s composite materials, complex avionics or new engines – each new technology introduced into aviation brings in widely different MRO demands. Naturally, with the nearing introduction of new generation aircraft, the demand for solutions that enable data handling to ensure efficiency of maintenance operations increases accordingly. However, choosing the appropriate solution for such a
Despite the fact, that reducing MRO expenditures by as few as 10% could almost double a carrier’s profits, adoption of an appropriate integrated approach to maintenance operations in the aviation industry to date has been rather slow. Nevertheless, as the competition in the MRO segment intensifies along with the growing global fleet, more and more
In 2013, CFM’s new LEAP engine family booked almost 1 400 orders. This marked the first time that the new model surpassed CFM56 in annual order figures. However, while the LEAP’s future is bright, it will take some time for the model to become a real revenue-generator. In the meantime, with new engines rolling of
At the end of June 2004, Airbus and Boeing shared a little more than 2 400 orders combined. So far in 2014, the two giants have a backlog that exceeds more than 10 600 aircraft, with Airbus’ orderbook for the A320neo alone heading towards 2 800. However, as more and more new generation aircraft are
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