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 - Starting a New Business Chapter
Barriers to entry in the Aircraft Maintenance, Repair and Overhaul industry are moderate because the entire air transportation sector is highly regulated, and licensing and reporting requirements are high. Any company that wants to enter the industry needs to comply with the myriad regulations set out by the FAA while securing equipment and labor at the same time. The cost of machinery and equipment depends on a company's size. Also, skilled labor can be tough to find in tight labor markets, but it is usually available when unemployment rises.
Once a company enters the industry, it faces high levels of competition that make survival difficult... purchase to read more