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PPT : Opportunities For An Aerospace Industry In Jamaica – Maintenance, Repair And Overhaul (Mro)

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The Global Aerospace Industry
Global MRO Industry
* North America has the highest Commercial MRO spend, accounting for US$15.4b, or 39% of Global Commercial MRO spend of US$40.8b in 2006.
* Engine overhaul is the largest driver of MRO spend and generates a third of all demand. This is forecast to grow the fastest at 4.5% per annum in the next few years.

Global MRO Industry
Integrated solutions, particularly Asset Management Programs for components, continue to increase in popularity globally

N. America: Growing interest in broad component support led by regionals and LCCs
Europe: the “home” of broad support supply and demand
Asia Pacific: rapid emergence of LCCs, plus airline cost pressures, increasing demand for broad support

Major Trends Driving Global MRO Growth
* Low Cost Carriers (LCCs) account for a significant proportion of orders – 30%-40% in North America and Europe, 21% in Asia Pacific.
* Typically, LCCs outsource most maintenance activity and require new maintenance support concepts.

MRO Outsourcing Set to Increase

MRO outsourcing will increase from an overall 52% (US$19.3b) in 2006 to over 63% (US$33.9b) by 2016 due to:
# LCCs – a key growth sector, typically outsource most maintenance activity.
# For engines, establishing capability on new engine types has very high barriers to entry.
# For components, the increasing sophistication and technology of new generation aircraft raises the cost of test equipment.
# For airframe heavy maintenance, carriers will seek sources of low cost labour.
# For line maintenance, low cost labour will be tapped on airline networks.

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PPT : Opportunities For An Aerospace Industry In Jamaica – Maintenance, Repair And Overhaul (Mro) Category : Aerospace
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