While the U.S. and Europe remain the largest markets for business aviation, since 2008 the growth of business aircraft fleets in Africa, Latin America and Asia has been intense. “Malaysia, which has been experiencing a strong growth in demand for business travel for several years now, is trying to attract new MRO-related investments and the conditions for that seem to be more than favorable,” said Kestutis Volungevicius, head of FL Technics.
Indian MRO Industry
Duncan Aviation has selected Houston-based AV8 MRO as its preferred provider for the repair and overhaul of all Hawker landing gear.
“This agreement allows Duncan Aviation to take advantage of our complete in-house repair and overhaul capabilities, while also giving them the opportunity to offer an overhaul exchange program to their customers,” said Yoel Arnoni, one of the MRO’s principals.
With business remaining relatively stagnant in Europe and North America, the business aviation industry is looking to other parts of the world for growth, and nowhere is growing faster than Africa. An economic explosion in the exploitation of oil/gas and mineral reserves is driving a need for a boom in corporate aviation, not only to support internal operations, but also to bring in the executives from overseas who represent a major increase in inward investment into the continent, especially from China.
StandardAero expanded its CompleteCare program over the past year and finalized its OEM authorization for the next-generation Embraer Legacy 450/500 jets. This broadens its existing agreement with Embraer to be an authorized service center on the Legacy 600/650 series and fulfills a letter of intent signed last year.
Canadian company Vector Aerospace is in the planning stages for its first maintenance, repair and overhaul (MRO) subsidiary and service center in Latin American. Senior executives from the company, which already has MRO facilities in 21 countries on six continents, along with its local representatives are at LABACE (Stand 3005) to discuss their services with local operators.
From a humble beginning with just an MRO setup in Singapore, ST Aerospace has expanded rapidly into a global service-provider in key aviation hubs in the Americas, China, Europe and Singapore. It provides a wide range of airframe services for all Boeing and Airbus aircraft types with capability up to heavy maintenance.
Jet Aviation Basel signed an agreement at EBACE with Custom Control Concepts (Booth 385) of Kent, Washington, to become the company’s exclusive authorized service center in Europe. Custom Control Concepts provides custom inflight entertainment equipment, lighting and cabin management systems to high-end jets and heads-of-state aircraft.
Operators of Gulfstreams based or traveling in Europe will benefit from augmented support capability. Gulfstream has moved more parts into the region, bringing the total value to $125 million. Most of Gulfstream’s Europe-based parts and materials–nearly $80 million worth–are located in Madrid at Corjet Maintenance’s warehouse at Barajas Airport. Gulfstream’s Luton and Madrid facilities can ship parts anywhere in Europe or the Middle East within 24 hours and offer a 24-hour call-in number for customers who need parts support.
The world commercial aircraft maintenance, repair and overhaul (MRO) market will reach a value of $49.2 billion this year, according to recent market research conducted by Visiongain. The commercial aircraft MRO market is forecast by Visiongain to experience growth over the next decade, providing numerous business opportunities.
ARSA study underscores economic strength of MRO industry
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