As the global trend toward next-generation air traffic management systems evolves, and parts obsolescence issues increase, airlines operating aging fleets are considering upgrading cockpits with modern avionics as replacements for legacy systems. ICF SH&E estimates the avionics upgrade market for air transport to reach $1 billion by 2023 for a CAGR of 6.1%. In fact, avionics upgrades are projected to increase faster than the overall MRO market, which is growing at a 3.9% CAGR for the period.
FL Technics, a global provider of tailor-made aircraft maintenance, repair and overhaul services, has been selected to act as an exclusive representative of Future Metals, which is the leading supplier of aerospace quality metals and other materials to the global aircraft manufacturing and maintenance industry. The company shall represent the supplier in multiple CIS countries, including Russia and Moldova, as well as several neighbouring states, such as Ukraine and Georgia.
With a global economic footprint of some $2.4 trillion, the consequences of workforce shortages in the aviation industry are especially problematic. Meanwhile, various studies suggest that with air transportation demand set to double by 2030, nearly a million new pilots, maintenance technicians, air traffic controllers and cabin crew will be needed to keep the industry moving forward. However, current recruitment efforts are reported to fall short of this figure.
Recently, Ryanair – the Europe's largest low-cost airline, operating around 1 600 flights daily – announced, it's considering offering streamed entertainment and Wi-Fi access for its passengers free of charge. If the trials prove popular, the service could be rolled out to its entire fleet of around 300 Boeing aircraft. Moreover, in October 2014, United Airlines also announced plans to roll out Wi-Fi to its fleet of over 200 regional jets, delivering download speed of up to 9.8 Mbps. In the meantime, however, as Wi-Fi quickly turns into a major battleground in the quest to attract passengers, it may bring about some changes in the MRO segment as well.> More...
According to a 30-year aircraft procurement plan the U.S. Defence Department submitted to Congress three years ago, it would be at least 10 years before new strategic airlifters and long-range bombers are produced and delivered. In the meantime, during the Aero India 2015 the CEO of RAC MiG stated the corporation is considering prolonging the service age of its MiG-29 aircraft by almost 2 times - to 40 years. However, while sustainment of aging aircraft is clearly becoming more and more important for the Air Forces worldwide, the operators will need to revamp their practices to make them more efficient and less costly.