As the number of airlines switching to quieter, larger and more efficient aircraft grows, Honeywell estimates that the number of current generation narrow-bodies sent for dismantlement has increased by 40% over the past three years. Moreover, as next generation aircraft come into service the discarded numbers are likely to increase even further. However, while the activity in the segment increases, the actual profitability of such business is in question.
Forty years after the first flight of the F-16 prototype, the Air Forces worldwide are increasingly counting on the F-35 to replace the planes they're flying today. However, with F-35 being 7 years behind schedule and $163 billion over budget, the Lockheed Martin F-16 Fighting Falcon is currently enjoying an unexpected renaissance. As a result, the average age of currently operated military aircraft is increasing and the machines are becoming increasingly expensive to maintain and operate.
FL Technics, a global provider of tailor-made aircraft maintenance, repair and overhaul services, continues to expand the scope of its activities in the global market. Following the expansion of its total hangar capacity to over 30 000 sq. m., the company‘s management has confirmed plans to introduce Airbus A330 aircraft type to its EASA Part 145 certificate. The certification is expected to be carried out by summer 2016.
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?