MRO Supplement for April issue
In line with Payload Asia’s new coverage of the important maintenance, repair and overhaul (MRO) market, the next edition of the magazine will feature a supplement covering developments in this sector. With a steady annual growth of nearly 4 per cent the global MRO market is expected to exceed US$65 billion within the next decade. […]
March 1, 2009
By PLA Editor
With a steady annual growth of nearly 4 per cent the global MRO market is expected to exceed US$65 billion within the next decade. Traditional North American and European markets are expected to see a decreasing market share as more MRO hubs are established in Asia, the Indian sub-continent and the Middle East. General passenger, cargo and more recently low cost carrier traffic within Asia Pacific is partly behind this MRO growth.
A new engine MRO facility is being established in Shanghai, a joint venture between Pratt & Whitney and China Eastern Airlines, and is expectedto begin operations later this year.
Singapore, the largest MRO hub in the Asia Pacific region is furthering its investment in this area with the development of the 300-hectare Seletar Aerospace Park, which aside from MRO activities, will feature manufacturing and other business activities from companies like Rolls Royce, Pratt and Whitney and ST Aerospace.
Similarly, MAS Engineering & Maintenance and GMR Hyderabad International Airport Ltd have also entered into a joint venture in India. A world class MRO facility is currently under construction at the Greenfield Rajiv Gandhi International Airport in Shamshabad, Hyderabad.