Friday 24 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Commercial Aircraft MRO Market: AAR Corp., Hong Kong Aircraft Engineering Group (HAECO) and Singapore Technologies Aerospace (ST Aerospace)
Other Prominent Vendors in the market are: AirWorks, Abu Dhabi Aircraft Technologies, Air France Industries and KLM Engineering and Maintenance, Aerostar, Ameco Beijing, BAE Systems, Delta TechOps, FL Technics Jets JSC, GE Aviation, GMF AeroAsia, Greenwich AeroGroup, Iberia Maintenance, Lufthansa Technik, MTU Aero Engine, Pratt & Whitney, Rockwell Collins, Rolls-Royce, SIA Engineering, Triumph Group and Turkish Technic.
The report said: “Growing demand in developing countries is one of the major trends projected to have a positive impact on the market. Many companies are focusing on expanding their operations and presence in developing countries by undertaking diverse strategic initiatives that are expected to enhance their growth and market reach.”
According to the report, expansion of existing fleet and launch of new airlines, especially in the APAC region is one of the key drivers of this market. Growing demand for air travel because of improved economic conditions and expansion of the middle class has led airline operators to expand their existing fleet and encouraged the launch of new airlines.
Further, the report states that the release of harmful gases and fluids during and after MRO services can be detrimental to the environment. Aircraft MRO activities lead to emission of gases such as carbon monoxide, unburnt hydrocarbons, sulfur dioxide, and oxides of nitrogen, which can be detrimental to air quality.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.