Management Paper: 3 key capabilities that aviation MRO providers need to succeed
Demand for aircraft maintenance, repair, and overhaul (MRO) services is set to soar in the next 10 years in line with the increase in the total number of commercial aircraft – which is expected to rise by 3.4% annually over the coming decade to reach more than 35,000 aircraft globally by 2028.
As MRO providers enter this era of fleet expansion and modernization, they will face increasing competition and will be under immense pressure to optimally utilize their resources and capacity to deliver better and faster services to an expanding customer base – while keeping costs down.
To capitalize on the tremendous opportunities created by the growth of the global commercial aircraft fleet, MRO providers must be able to address these concerns by optimizing the utilization of their capacity and resources and embracing new technologies.
What are the three key capabilities that aviation maintenance, repair, and overhaul (MRO) companies must have to remain profitable in the era of global commercial aviation fleet expansion and modernization?