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News

Air transport recession results in three years of lost MRO market growth


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AeroStrategy
: 15 June, 2009  (Company News)
AeroStrategy/OAG Aviation’s recent update of its benchmark Air Transport MRO Market Forecast highlights the impact of the current recession:
* The estimated MRO market for 2009 will be $41B, 7% below the 2007 peak
* From 2003-2008, the MRO market grew at a rate of about 6% per annum
* In contrast, the growth rate (in constant $) for the next ten years will be just 2.3% per annum
* Airframe heavy maintenance market will show the lowest growth rate (just 1% per annum) as older, manhour-intensive airframes get retired and replaced
* MRO spend will recover to reach 2007/2008 levels in 2011
* That is, the recession and associated fleet contraction will result in three years of lost MRO growth.



Speeches summarizing AeroStrategy’s perspectives on the MRO market can be downloaded at AeroStrategy’s website. The underlying MRO Forecast and the associated data can be purchased via OAG Aviation.



AeroStrategy is a premier management consulting firm specializing in strategy and market analysis for the aviation and aerospace industries. The firm has offices in Europe, Asia and North America.

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