The rising MRO costs continue to be the reality of aircraft operators all over the world. According to IATA, over the past decade airlines have experienced an annual increase in spare parts prices of around 3-5% per annum. As a result, today maintenance materials and parts account for about 4% (roughly a total of $120 million) of total air carriers’ operating costs. Unsurprisingly, managing budgets when it comes to spare parts supply remains one of the key issues for the market players. However, with OEMs getting an increasingly tighter grip over the aftermarket, is there a way out?
Facing the shortage of MRO specialists: new technicians in just three years and other decisive actions to be made
For quite a while now the global MRO industry has been generating an extraordinarily high demand for qualified specialists. In turn, the prospects for talent in the field have reached new heights placing aircraft mechanics on the list of top 200 most desired careers and winning them the 10th position on the top 20 High-Paying Blue-Collar Jobs. However, despite the needs and financial resources available, the number of professionals on the market is still insufficient with only as few as 2500-3000 new aircraft mechanics welcomed to the industry each year. Obviously, there’s an unarguable need for firm action, but what kind of action?
Currently up to 40% of the world’s aircraft fleet is leased and the figure rising. This has granted carriers more flexibility in fleet planning and better financial ratios. However, when it is time for an airline to return the equipment to its lessor and prepare it for the next operator, the process can stretch out to several times the normal period, and costs mount as time passes.
FL Technics Training spruces up its Online Training with a training management tool for industry employers
FL Technics Training, a global provider of aviation technical training services, is delighted to announce further extension of its online EASA-compliant training platform. A recently introduced training management tool is designed specifically for MROs, airlines and other industry employers seeking to plan, track and manage the online training of their personnel more efficiently.
Despite high oil prices and currency fluctuations, airlines in the Asia Pacific region managed to earn a net profit of $3 billion in 2013. Moreover, this year they are expected to scoop up $3.7 billion. As, according to Boeing, by 2033 nearly 50% of global traffic will be to, from or within the region, it will need over 13 400 new aircraft to accommodate the growing demand. Taking this into account, the outlook for MRO service providers across the region should be rosy. But is it really?