MRO providers think 2011 will be the year that business turns upward.
After an extremely difficult 2009 in which industry revenues declined 14%, airlines came roaring back this year owing to better-than-expected traffic and yield recovery. Total revenues are forecast to grow 16% compared to last year, according to IATA. The same cannot be said, however, for the maintenance, repair and overhaul aftermarket. Service providers continue to face a challenging business environment characterized by anemic demand for parts and services and weak pricing power. A ...
Subscribe to Access this Entire Article
"MRO Market Review" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.