Report Buyer has announced it has reported that low-cost carriers (LCLs) and airlines being driven to reduce overhead created has a competitive environment to purchase lower cost maintenance from third-party vendors, the Report Buyer said.
Seventeen commercial aircraft maintenance organizations, known as MROs, globally have earned a place on this 2019 radar for Global Commercial Aircraft Maintenance, Repair, and Overhaul Market. As demand continues to increase for aircraft maintenance, MROs attempt to adjust capacity to meet the demand.
Results of MRO expansions have led to mergers, consolidations, buy-outs, many companies creating alliances, and some going out of business. Aircraft maintenance, once considered just a cost of doing business for airlines, has become a competitive business.
The report presents competitive profiles on each of the companies in the radar based on their strengths, opportunities, and a small discussion on their positioning. The analyst examines hundreds of companies in the industry and benchmarks them across 10 criteria on the radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.