Press Releases

The popularity of narrowbody aircraft to increase the demand for modernization


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


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

> More... revolutionizes aircraft spare parts search with Artificial Intelligence


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, 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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Is Middle Eastern in-house engine MRO on the road to overcapacity?


Due to the on-going rapid fleet expansion process in the region, the engineering divisions of airlines based in the Middle East as well as third-party MRO providers have been building up their engine overhaul capabilities. Moreover, the local players are ambitious enough to project the possibility of not only becoming independent from the providers in Europe or Asia, but also of grabbing the slice of the global aftermarket.

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African aviation industry: global ambitions call for global workforce standards


With the increased consumer spending and a new middle class on the rise, Africa's long-term economic growth rate is expected to maintain an average of 4.4% a year, which is well above the world’s average. Accordingly, the rising investments and the improving climate of trade foster the demand for air travel to and from the region. Unfortunately, Africa has suffered a history of high airline failure rates, poor infrastructure and an accident rate that is 8 times the global average.

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