Latest Developments in Global Aircraft Mro Market

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Latest Developments in Global Aircraft Mro Market

  • Automotive
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In March 2024, C&L Aviation Group acquired two Citation Sovereign and two Citation XLS aircraft for teardown operations. Two of the disassembly projects were completed at the company’s MRO facility in Bangor, Maine, with the remaining two currently underway. With a growing shortage of aircraft parts in the market, this move is aimed at inspecting and reselling the salvaged components for maintenance and repair purposes. This initiative strengthens C&L Aviation Group’s aftermarket supply chain and supports continued service capability
  • In March 2024, AAR Corp. completed the acquisition of Triumph Group’s Product Support Business, enhancing its service offerings in both the commercial and defense aerospace sectors. The acquisition enables AAR to provide more specialized repair, maintenance, and overhaul solutions for high-demand aircraft components. This strategic move reinforces AAR’s footprint in critical MRO service segments
  • In February 2024, GE Aerospace, the aircraft engine division of General Electric Company, announced an USD 11 million investment to establish a Smart Factory at its Aircraft Engine Repair facility in Singapore. The initiative is designed to modernize engine repair processes while upskilling its workforce to handle next-generation technologies. This investment underscores GE’s commitment to digital transformation and future-ready MRO infrastructure
  • In December 2021, Korean Air introduced an innovative drone swarm technology for aircraft fuselage inspections. Using four drones, the airline developed a system to autonomously capture images of specific aircraft areas through a pre-programmed inspection route. This advancement marks a significant step in enhancing inspection efficiency and reducing aircraft downtime
  • In December 2021, Frontier Airlines selected Lufthansa Technik to provide repair and overhaul services for 21 CFM56-5B engines, along with Mobile Engine Services support. Over a five-year period, Lufthansa Technik will service engines from Frontier’s fleet of 112 Airbus A320 family aircraft, with overhauls carried out in Hamburg, Germany, and surgical repairs managed at the Tulsa, Oklahoma facility. This partnership enhances Frontier’s engine reliability and long-term operational support