As the global MRO industry transitions towards new technology, India’s MRO market could find new opportunities – if only the right environment is created.
The recently-concluded Farnborough International Airshow 2018 (FIA 2018) showcased once again the enormous opportunity that awaits India in the MRO market. Successive governments have failed to enable growth in the MRO sector, which has allowed other countries to establish them as MRO centres due to active government support and business-friendly policies. Airbus’ new Global Services Forecast released at FIA, identified a worldwide market for commercial aircraft services from 2018 to 2037 valued at $4.6 trillion. The forecast mentioned that “aircraft-focused lifecycle services represent the largest segment of growth and include maintenance, spares pool access, tooling, technical training and system upgrades – which are needed to keep the airlines aircraft flying”, which would represent a cumulative market value of $2.2 trillion by 2037.
These services are provided throughout the lifecycle from design to dismantling and the large aircraft orders from Indian carriers could provide a real fillip towards delivery of “paid by-the-hour” (PBH) contracts, which could be undertaken by MRO firms in India. Indian MRO companies could also greatly benefit from the increasing drive towards outsourcing maintenance-related activities. The Airbus forecast also concluded that the growing requirement for composite repairs capability – jetliners such as the B787 and A350 feature composite fuselages and the A220 features a composite wing – will drive the trend for further outsourcing. Engine PBH contracts in particular, will also be a significant growth area as it allows airlines to secure and predict their maintenance costs. Airlines are now also showing a greater inclination towards outsourcing inventory management of stocks and spares to take advantage of pooling, thereby saving on having to invest in the procurement and storage of their own stocks of equipment.
This story is from the August 2018 edition of Cruising Heights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2018 edition of Cruising Heights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
India's space economy set to soar
India's burgeoning space economy could see a substantial increase in its global share by 2040. At present, India's space sector contributes a modest $8 billion to the overall cake.
JettWings leads the way in UDAN 5.3
JettWings Airways has emerged as a frontrunner in the aviation industry, solidifying its position as a leading private operator under the UDAN RCS 5.3 scheme.
Sock drying to underwear adventures: Laundry tales at 30,000 feet
Picture this: you're settled into your first-class seat, ready for a smooth and luxurious flight with United Airlines. But as you glance around, you notice something that makes you do a double-take.
PLETHORA OF AIR TRAVEL ACTIVITY IN THE INDIAN SKIES
The Northern Summer schedule for 2024 took off on March 31, 2024, ushering in a rush of air travel activity. With DGCA's seal of approval on 24,275 weekly departures, the skies buzzed with an average of 3,467 flights daily. However, on the inaugural day, airlines only managed to execute 3,035 scheduled domestic flights, representing a modest 87.5 per cent of the approved schedule. Delving into the nuances of this aviation landscape, an exclusive analysis by aviation analytics company Cirium unveils fascinating insights into the longest and shortest flights crisscrossing the Indian skies.
Agnibaan SOrTeD rocket launch postponed again
Chennai-based space start-up Agnikul Cosmos called off the maiden launch of its 3D-printed, semi-cryogenic Agnibaan rocket about 129 seconds before lift-off citing communication in the onboard hardware.
Pushpak RLV-TD successfully lands autonomously
ISRO achieved another significant milestone in reusable launch vehicle (RLV) technology with the successful landing of Pushpak (RLV-TD), the winged vehicle, autonomously on the runway.
TIME FOR CREDIBLE ROTARY-WING CAPABILITIES
With tactical-level challenges looming in India’s neighbourhood, it is time for the Indian armed forces to rapidly brush up on rotorcraft capabilities. A Special Report
"PAKISTAN INTERNATIONAL AIRLINES: A TROUBLED LEGACY IN NEED OF REVIVAL"
Pakistan International Airlines PIA), once renowned for its slogan Great People to Fly With,’ has a storied history of contributions to the aviation industry. despite its illustrious past, PIA has faced challenges in recent decades, witnessing a decline from its former glory. This downward trajectory has prompted concerns about the airline's sustainability and competitiveness in the modern aviation landscape. The Pakistan government is now preparing to privatise the
Qatar explores major widebody order with Boeing, Airbus
Qatar Airways is reportedly in preliminary discussions with both Boeing and Airbus regarding a potential order of up to 150 widebody jets to modernise and expand its fleet as it needs to tackle the issue of an ageing fleet for long-distance.
"Embraer achieves ETOPS-120 certification for E2 Series
Embraer recently achieved a significant milestone with the acquisition of 120-minute ETOPS (Extended-Twin Engine Operations Performance Standards) approval for its E190-E2 and E195-E2 aircraft.
