Thu, Jul 12, 2012
Estimates A $2.4 Trillion Services Market Over Next 20 Years
The market for commercial aviation services will grow to $2.4 trillion market over the next 20 years, according to a forecast released Monday by Boeing at the Farnborough Air Show.
Lou Mancini, senior vice president, Commercial Aviation Services, Boeing Commercial Airplanes, said the market for services is expected to grow at an annual rate of four percent in the next two decades, with growing opportunities to help aviation customers succeed in a highly competitive marketplace. "Airlines are looking for every possible advantage to succeed, from efficiencies in maintenance services to breakthroughs in flight operations and information technology," Mancini said. "Demand for this kind of support and services is only going to grow as fuel prices remain high, fleet size increases and airlines look for ways to improve their overall operations and reduce costs while focusing on their core business, serving passengers."
The Boeing outlook for commercial aviation services projects long-term growth in the MRO (maintenance, repair and overhaul) market as demand grows for parts and other MRO solutions. Additionally, emerging systems and information integration within airline maintenance engineering, flight operations and information technology departments will drive an increased need for enterprise-wide solutions.
"Boeing has the ability to create unparalleled integrated solutions," Mancini said. "We know the airplane better than anyone, we have the resources to bring innovations to market and we are there with our customers 24/7 and 365 days a year to give them the ultimate competitive advantage."
Republic Airways Completes Sale To Investment Fund Republic Airways Holdings Inc. has closed on the sale of Frontier Airlines to an investment fund affiliated with Indigo Partners >[...]
It's Not Enough To Simply Get More Power... You Have To Do It Right ANN CEO and Editor-In-Chief Jim Campbell meets with Jim Shafer of Power Flow Exhaust Systems at EAA AirVenture 2>[...]
AD NUMBER: 2013-24-14 PRODUCT: Diamond Aircraft Industries GmbH Models DA40 and DA40F airplanes.>[...]
AD NUMBER: AD 2013-22-19 PRODUCT: All Gulfstream Aerospace Corporation Model GV and GV-SP airplanes.>[...]
NetJets Association of Shared Aircraft Pilots The NetJets Association of Shared Aircraft Pilots, more commonly referred to as NJASAP, represents the professional interests of the 3>[...]