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 Products Chapter
Maintenance, repair and overhaul (MRO) services are essential for the safe operation of aircraft. MRO services can be typically classified into four segments, engine overhauls, components MRO, heavy airframe maintenance and line maintenance.
The maintenance, repair and overhaul of aircraft engines accounts for about 31.7% of industry revenue, making it the largest service segment. Engine MRO work is conducted on a scheduled or on-condition basis and typically involves off-wing work, where the engine is taken to a specialized shop for overhaul and the replacement of warn parts. Well-kept engines are vital for the safe operation of aircraft and their failure goods easily result in tragedy. As a result, regular MRO is required, creating a large market... purchase to read more