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 ...

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