Industry Analysis & Industry Trends
In the near term, the industry will be picking up the pieces from the aftermath of the recession. Falling capacity among major airlines and a decline in the total number of active aircraft have resulted in less demand for aircraft services. However, because industry services include prescheduled maintenance and repairs needed to uphold government regulations, declines have been kept low. In the coming years, airlines will expand their fleets and ultimately require greater industry services... purchase to read more
Industry Report - Industry Analysis Chapter
The Aircraft Maintenance, Repair and Overhaul industry relies on the health of the downstream domestic and international airlines industries, as well as air carriers that outsource support services to industry companies. In addition to higher demand in the airline business, the age of the aircraft and the miles flown generate demand for maintenance, repair and overhaul (MRO) services. International trade also contributes to the industry's performance; as total trade value increases, companies need more aircraft to ship goods, thus increasing the need for MRO services.
However, during the recession, strong price competition and a drop in demand hit airlines hard. As a result, they significantly reduced capacity, which cut demand for support and MRO services... purchase to read more