In a changing aviation landscape demand has consistently outpaced production, Locatory.com CEO, Toma Matutyte, notes, "Our data suggests that the drive for lean MRO will continue across an extended and agile aftermarket. As aircraft retirements are pushed out and demand outpaces production, the total forecasted quantity remains unchanged.
The average age of aircraft in service is 12 years, with an average forecasted retirement age of 22 years. This industry shift underscores the paramount importance of agile asset management. The forecasts predict a staggering increase in shop visits and engine overhauls for 2024, necessitating the strategic application of technology to meet this burgeoning demand."
This story is from the NOVEMBER-DECEMBER 2023 edition of Aviation World.
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This story is from the NOVEMBER-DECEMBER 2023 edition of Aviation World.
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