Ok, so just a quick history lesson. Over the past twenty years, fleet growth and, consequently, MRO growth has been driven by emerging economies, far less than by North America or Western Europe. The composition of the fleet, the operator types, the way they purchase maintenance, the level of MRO outsourcing, inventory in the supply chain, the role of the OEMs in the aftermarket, etc. have continued to evolve since 9/11 and the 2008 Financial Crisis.
As you can see below, North America and Europe’s share of the air transport fleet (active & stored) has fallen from 71% in 2001 to 52% in 2020.
Why does this matter? Because we should pay attention to how airlines and MROs are performing in growth economies, and, how traffic is returning – since it’s these regions that have significant new aircraft backlogs and are driving the aftermarket growth going forward #Aerospace #Aviation #MRO #NAVEO
Industry Insights
More News
Date: March 12 , 2021 |
Reviewing 2020 Aircraft Retirements |
So, how many air transport aircraft retired in 2020? Thousands? Nope. 2020 did not yield the thousands of retirements that had been feared. Though the final tally will be subject to revision in the coming months, so f... |
READ MORE  |
Date: January 18 , 2021 |
Norwegian Air Shuttle Fights for Survival |
On the 14th of January, Norwegian Air Shuttle announced plans to focus on short-haul flying and abandon long-haul. Norwegian’s quest for profitability long preceded COVID-19. The restructuring plan calls for 50 nar... |
| READ MORE |
Date: January 12 , 2021 |
Calmer weather is on the horizon. Outlook for 2021 |
Aviation leaders tend to be optimists. Each dawn, they believe, promises a new start. The storm clouds will pass, they confidently say. We are lucky that our industry was is full of engineers, strategists, and planner... |
| READ MORE |