European airframe and aeroengine maintenance, repair and overhaul (MRO) providers must form joint ventures and agreements to take advantage of a market that could be worth as much as £15.2 billion ($27 billion) a year by 2012, compared with last year’s figure of £10.6 billion, says consultancy Frost & Sullivan. It predicts that the MRO outsourcing trend will increase, but maintenance providers will face fierce competition from the increasing trend towards vertical integration of original equipment manufacturers and the growing number of low-cost MRO facilities in eastern Europe and the Far East.
Source: Flight International
