This is expected to act as one of the key market drivers for the commercial aircraft MRO sector in the short to medium term future. More recently, the aviation industry has indicated signs of recovery with considerable growing demand forecast over the next decade in regions such as the Asia-Pacific and Middle East. The commercial aircraft MRO market has fluctuated in recent years with the recent economic challenges and downturn in demand reflected in trends of falling revenue for a number of leading MRO companies.
The commercial aircraft MRO market is influenced by external factors in the wider air transport industry including global fleet size, aircraft utilisation and increasing and decreasing air traffic volumes for both passengers and cargo. Leaders in Engine, Component, HMV & Line MaintenanceĬommercial aircraft maintenance, repair and overhaul (MRO) is an essential requirement to ensure that aircraft are maintained in pre-determined conditions of airworthiness to safely transport passengers and cargo.