According to the aviation consultancy Oliver Wyman, MRO spending is expected to hit more than $115 billion in just 10 years—up from $81.9 billion in 2019. Meanwhile, the MRO-Network pegs North American aftermarket MRO spending at a cool $187.6 billion between now and 2028. The FAA reports that the nation’s Top 10 passenger airlines boosted outsourced MRO spending by 1% in 2017, meaning it now accounts for nearly half of all MRO spending.
It’s undeniable that airlines continue to prefer working with an aircraft MRO provider over spending the tremendous time and capital required to develop robust maintenance, repair, and overhaul capabilities in-house. But although spending is consistently increasing, the role of MRO itself, and the services sought most by commercial airlines, are clearly evolving right alongside the new-generation aircraft driving the industry’s fleet expansion.
Here’s a glimpse into what aircraft MRO entails in 2019, and why the commercial aviation industry will continue to benefit significantly from the integration of once-siloed MRO capabilities in the years to come.
The MRO of the past often entailed strategies focused on the maintenance, repair, and overhaul of a single part of an aircraft. In a technology-driven world where blockchain, artificial intelligence, data analytics, and automation are becoming fixtures in aircraft MRO, today’s most sought-after providers take a full-picture approach: leveraging data and integration to optimize an aircraft, nose to tail, across its entire life cycle.
Just as all the parts of an aircraft must work together to keep it flying high and avoiding costly downtime, an integrated aircraft MRO strategy coordinates all aspects of maintenance, repair, and overhaul—from parts sales and inspection to component and structural capabilities—to deliver the highest reliability for the lowest possible cost at all stages of an aircraft’s life. Through this future-looking integrated solutions approach, airlines improve efficiency, streamline their supply chain, and maximize time in the air during their fleet’s service life. Once their aircraft transition into retirement, an integrated MRO strategy ensures their assets are in top shape and positioned to garner maximum value in today’s aviation aftermarket.
What exactly does integrated aircraft MRO entail? At AerSale®, we deliver comprehensive MRO capabilities spanning maintenance, modifications, reconfigurations, upgrades, and conversions. Taken as a whole, this robust, integrated offering is proven to maximize a fleet’s performance—leaving no stone unturned and ensuring no issue slips through unnoticed by our well-coordinated team.
If you’re looking to position your aircraft for success, your MRO strategy should include these key elements.
In today’s competitive commercial aviation landscape, a segmented approach to MRO no longer delivers the competitive edge. Discover how AerSale’s aircraft MRO services can help you reap the many benefits of an integrated strategy: enhanced efficiency, new opportunities for optimization and cost savings, and maximum value through every stage of the aircraft life cycle.
A global aviation leader, AerSale specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul (MRO) services and engineering services for commercial aircraft and components. AerSale also offers asset management services to owners of end-of-life aircraft and engine portfolios. Headquartered in Coral Gables, Florida, AerSale maintains offices and operations in the United States, Europe, and Asia. For more information on how AerSale can exceed your MRO requirements and keep your aviation assets functional and profitable from first flight to final flight, visit www.aersale.com or contact us.