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In the last couple of decades, despite several global economic shake-ups, aviation industry have been rapidly expanding to meet the demand determined by the increasing number of passengers and global business trends all over the world. As a result, airlines have been rapidly expanding and renewing their fleets that require constant care, maintenance and support.
In the next two decades the global MRO profits should increase from USD 40 to 100 billion. Although today the Asian Pacific region accounts for a fifth of the entire market, the MRO industry in China and India grows by on average 8% per year. Passenger flows have already reached 700 million annually. Therefore, with
Within the next decade the aviation market will be steadily shifting towards the East. Extensive investments into the aviation infrastructure and logistics, expanding and constantly updated aircraft fleets as well as increasing passenger flows will definitely impel the MRO sector to concentrate on the Middle East, especially the North African and Asian regions. Last year
Despite the rapidly growing passenger flow, growing aviation industry profits and activity indicators in 2011, the forecast for next year is less optimistic. According to the most optimistic IATA expectations the next year airlines’ profits should decrease from the initially planned USD 4.9 billion to USD 3.5 billion. The biggest challenge awaits MRO service providers
At the times of the economic boom airlines celebrated the abundance of passengers without paying due attention to assessing potential risks. Nowadays the industry is increasingly embracing globalization processes and, according to Locatory.com, reliability is becoming one of the key factors in the aviation sector for both partners and clients. After all, airlines wish to
he innovative aviation spare parts search and deal making platform Locatory.com has introduced a new mobile phone application allowing an even faster access to its services. From now on the company’s clients will be able to connect to Locatory.com (m.locatory.com) directly from their smart phones and browse through an extensive database of aviation spare parts
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