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
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Date: September 04 , 2020 |
Used Serviceable Material / Surplus Parts Market |
One of the key MRO trends over the past decade has been the growing importance of Used Serviceable Material (USM) – also known as Surplus Parts. The past decade saw aircraft acquired, retired, parted-out, and their pa... |
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Date: August 28 , 2020 |
Air Transport Fleet Status: In-Service & Stored Analysis |
After our recent post about % fleet active/stored by region, NAVEO was asked about key aircraft models and whether narrowbodies are indeed showing higher levels of activity compared to widebodies, etc., and, whether c... |
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Date: August 22 , 2020 |
Air Transport Fleet Status & Average Age |
Let's see how many aircraft in mid-August 2020 are currently in-service, parked/stored, average age, and how the % in-service/parked varies by region. Overall, ~60% of the fleet is in-service and the average age (acti... |
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