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China's declining competitiveness opens new opportunities for younger market players

2014.04.15

In order to compete with powerful OEMs many engine and component MROs must concentrate on developing innovative solutions and seek new ways to increase efficiency. Most airframe providers, however, seem to be faced with no such challenges. According to the recent projections, the value of the global airframe MRO market is to reach $17.5 billion in 2014. This indicates a stable and sustainable growth within the segment. However, the situation varies from region to region. With the latest slow-down in the Chinese economy which is now growing at a pace of 7-8% a year (down from 10-11%), the demand for air travel and, in turn, MRO support in the country has significantly dropped. As a result, in the view of some experts the situation in the market has become favourable for some new, more competitive, entrants.

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FL Technics Training joins European Aviation Maintenance Training Committee

2014.03.31

FL Technics, a global provider of aviation technical training services, is delighted to announce its acceptance to become a member of the European Aviation Maintenance Training Committee (EAMTC). By joining the EAMTC the company has expressed its commitment towards supporting the organization on its mission to promote European aviation safety standards through training both regionally and globally.

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The popularity of narrowbody aircraft to increase the demand for modernization

2014.03.31

During the last few years the global aviation industry has demonstrated an impressive growth thus naturally prompting the development of the aircraft maintenance market. TeamSAI forecasts that this year the global MRO market will be worth approximately $60 billion and should reach almost $90 billion by 2024. The airframe MRO segment is expected to account for about $18 billion whilst around $9 billion are to be spent on maintaining narrowbody aircraft alone. However, according to industry experts, considering the latest trends most of the upcoming growth is expected to be fuelled by the demand for various modernization services.

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Fleet-related dynamics in the Asia Pacific to influence the demand for qualified technical personnel

2014.03.19

The last several years have been especially favourable for the aviation industry in the Asia-Pacific, especially so for the local low cost carriers. According to the latest estimates, at the moment there are 47 LCCs in the region, operating around 1,000 aircraft and accounting for about 20% of the region's seat capacity

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Locatory.com revolutionizes aircraft spare parts search with Artificial Intelligence

2014.03.10

While the immense importance of spare parts to the aviation industry suggests that this MRO segment should be one of the most advanced, some of the processes related to the procurement of aircraft spares and components are still largely underdeveloped and conducted manually. However, Locatory.com is here to change all that. Meet Amber A.I., a one of a kind Artificial Intelligence-based tool for aircraft parts procurement and logistics management in the aviation MRO market.

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