World Aircraft Maintenance, Repair And Overhaul (MRO) Market

World Aircraft Maintenance, Repair And Overhaul (MRO) Market

This report analyzes the worldwide markets for Aircraft Maintenance, Repair And Overhaul (MRO) in US$ Millions. The market for Aircraft MRO is analyzed by the following Segments: Heavy Airframe Maintenance, Modifications, Components Maintenance, Engine Overhaul, and Line Maintenance. The report provides separate comprehensive analytics for US, Canada, Japan, Europe, Asia-Pacific, Middle East, Latin America, and Africa. Annual forecasts are provided for each region for the period of 2006 through 2015. A six-year historic analysis is also provided for this market. The report profiles 70 companies including many key and niche players worldwide such as Air France KLM, Aveos Fleet Performance Inc., AAR Corp., Ameco Beijing, Ametek IncAmetek Inc., Abu Dhabi Aircraft Technologies, Bedek Aviation Group, Delta TechOps, ExelTech Aerospace Inc., Aviation Technical Services, Inc., Hong Kong Aircraft Engineering Company, Lufthansa Technik, MTU AeroEngines, Singapore Technologies Aerospace, SR Technics, SIA Engineering Co., Snecma Services, STAECO, TIMCO Aviation Services, Inc., and VEM/TAP M&E. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

AIRCRAFT MAINTENANCE, REPAIR AND OVERHAUL (MRO)
A GLOBAL STRATEGIC BUSINESS REPORT MCP-5073


CONTENTS


I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation & Reporting Level I-2
Quantitative Techniques & Analytics I-3
Product Definitions and Scope of Study I-3


II. EXECUTIVE SUMMARY

1. Industry Overview II-1
Global MRO Industry: A Prelude II-1
Economic Crisis May Leave Aviation Industry in Rough Patch II-1
Table 1: World Business Aviation Market (2008): Percentage
Breakdown of Fleets by Operator Region –North America,
Europe, Latin America, Asia-Pacific, Africa and Middle East
(includes corresponding Graph/Chart) II-2
Aircraft MRO Industry – A Snapshot II-2
Emerging Trends in the Civil Aero Engine MRO Market II-3
Market Trends and Issues II-3
Airline Majors Engage in MRO Outsourcing For Trimming Costs II-3
Changing Dynamics of Aircraft MRO Business II-3
Aerospace Composites Market Set to Grow Tremendously in the
Long Term II-4
Aviation Industry Drives Growth in Commercial Aircraft MRO
Market II-5
Table 2: Global Commercial Airlines Market (2006, 2011P and
2016P): Percentage Share Breakdown of Fleet Size by Region –
North America, Western Europe, Asia-Pacific, Latin America,
China, Middle East, Africa, Eastern Europe and India
(includes corresponding Graph/Chart) II-5

Table 3: World Aviation Engine Fleet Market (2005 & 2015P):
Breakdown of Growth in Numbers by Technology – Old, Mature
and New (includes corresponding Graph/Chart) II-6
Engine Overhaul Leads Aircraft MRO Market II-6
Global Spending on Military Aircraft MRO Services Witnesses
an Overdrive II-7
Table 4: World Commercial MRO Market (2007): Percentage
Share Breakdown of MRO Spending by Country/Region – North
America, Western Europe, Asia-Pacific, Middle East, China,
Latin America, Africa, Eastern Europe, and India (includes
corresponding Graph/Chart) II-7

Table 5: World Active Military Aircraft Market (2008):
Percentage Share Breakdown of Aircraft Fleet by Mission Type -
Rotary Wing (Transport/Utility) Fighter /Attack, Trainer
/Light Attack, Transport, Utility /General Aviation, Rotary
Wing (Attack), Special Mission and Tanker (includes
corresponding Graph/Chart) II-7
Increased Air Traffic Spurt Growth in Aircraft MRO Market II-8
Table 6: Worldwide Air Passenger Traffic (2007): Percentage
Share Breakdown by Regions –North America, Asia-Pacific,
Europe, Latin America & Caribbean, Middle East and Africa
(includes corresponding Graph/Chart) II-9

Table 7: Global Air Passenger Traffic (2006-2015): Breakdown
of Growth Percentage by Regions – India, Middle East,
Asia-Pacific, Latin America, CIS, Africa, Europe and North
America (includes corresponding Graph/Chart) II-9
Regional Aircraft Jets Propel MRO Market II-9
Table 8: World APU* MRO Market (2005 & 2015P): Breakdown of
Market Growth by Aircraft Size Category - Single Aisle, Long
Range, Regional Jet and Twin Aisle (includes corresponding
Graph/Chart) II-10
Airframe Maintenance Faces Threat from Second Generation
Aircrafts II-10
MRO Unit Costs Decline as Market Spending Looks Up II-11
Table 9: Worldwide MRO Market (2001-2016): Breakdown of Per
Unit Spending Costs Over the Years (includes corresponding
Graph/Chart) II-12
Volume of Global Commercial Airline Fleets Set to Increase II-12
Table 10: World Commercial Jet Transport Market (2007, 2011
and 2016): Percentage Share Breakdown by Fleet Type –
Narrowbody, Widebody and Regional Jets (includes
corresponding Graph/Chart) II-12
Other Important Trends: A Snapshot II-13

2. MRO Growth Drivers and Strategies II-14
Rise in Worldwide Air Miles II-14
Increase in Low Cost Carriers (LCC) II-14
Table 11: World Aircraft MRO Market (2008): Percentage
Breakdown of MRO Spending by Major Drivers - Increase in
Fleet, Aging and Wear of Aircraft and Price Inflation / Other
Contract-related (includes corresponding Graph/Chart) II-14
MRO Growth Strategies for the Future II-14
Moving Towards Full-Service Integration II-15
Table 12: Global Aircraft MRO Market (2006, 2008 and 2010):
Percentage Share Breakdown of Service Providers by Major
Types - Niche Service Provider, Single-Platform Specialist,
Multi-Platform Specialist, Complete Service Integrator and
Others (includes corresponding Graph/Chart) II-15

Table 13: Global Aircraft MRO Market (2008 and 2011):
Percentage Breakdown of Service Providers by Revenue Models -
Services on Demand, Bundled Services, Complete Integration
and Others (includes corresponding Graph/Chart) II-16
Enhancement in Productivity/Capabilities II-16
Globalization Strategy II-16
Efficiency in MRO Supply Chain II-17

3. Commercial MRO Outsourcing II-18
Table 14: World Aircraft MRO Market (2007): Percentage
Breakdown of Segments by Outsourcing and In-house (includes
corresponding Graph/Chart) II-18

4. Military Aircraft MRO Market II-19
Table 15: World Military Aircraft MRO Market (2007):
Percentage Share Breakdown of MRO Spending by Region – US,
Europe, Asia-Pacific and Rest of World (includes corresponding
Graph/Chart) II-19

Table 16: World Active Military Aircraft Market (2008):
Percentage Share Breakdown of Aircraft Fleet by Regional
Distribution – North America, Europe, Asia-Pacific, Middle
East, Latin America and Africa (includes corresponding
Graph/Chart) II-19
Market Trends II-20
Greater Preference for Performance-dependent Contracts and
Alliances II-20
Table 17: World Active Military Aircraft Market (2008):
Percentage Share Breakdown of Aircraft Fleet by Major OEMs –
GE, Rolls Royce, Pratt & Whitney, Honeywell, Turbomeca,
Snecma and Others (includes corresponding Graph/Chart) II-20
Lean Transformation II-20
Civil (Commercial) - Military MRO Convergence II-20
Global Commercial - Military MRO Convergence: Major Factors
Driving the Trend II-21
Changes in OEM Aftermarket Support Organizations as a result
of Commercial-Military MRO Convergence II-22
Aging Military Aircraft Fleets Driving MRO Services II-23
Table 18: World Active Military Aircraft Market (2008):
Percentage Share Breakdown of Aircraft Fleet by Maturity
Levels – Mature, Old and New (includes corresponding
Graph/Chart) II-23
Other Trends II-23
Military MRO Structure/Segments II-23
Table 19: World Military Aircraft MRO Market (2008):
Percentage Share Breakdown of MRO Spending by Category -
Field Maintenance, Airframe Heavy, Components & Systems and
Engine Overhaul (includes corresponding Graph/Chart) II-23
Field Maintenance II-24
Airframe Heavy Maintenance II-24
Table 20: World Military Airframe MRO Market (2008):
Percentage Share Breakdown of Heavy Maintenance Segments –
Fighter/Attack, Rotary Wing, Special Mission,
Transport-Heavy, Transport-Light/Medium, Trainer/Light
Attack, Tanker and General Aviation/Utility (includes
corresponding Graph/Chart) II-24
Aircraft Components & Systems II-25
Table 21: World Military Aircraft Component MRO Market
(2008): Percentage Share Breakdown by Component Types –Flight
Deck Avionics, Dynamic Components, Landing Gear, Hydraulics,
Mission Avionics, Wheels & Brakes, Electrical, Fuel,
Pneumatics, APU and Others (includes corresponding
Graph/Chart) II-25
Engine Overhaul II-26
Table 22: World Military Aircraft Engine MRO Market (2008):
Percentage Share Breakdown by Engine Types – F100-200, F404,
F110-100, T56, J79, RB199, T700, F117, J85, F100-229,
CFM56-2, ATAR and Others (includes corresponding Graph/Chart) II-26

5. Aircraft MRO Norms and Regulations II-27
Overview II-27
Increasing Trend towards PMA Parts II-27

6. Commercial Aircraft MRO Segments II-29
Airframe Heavy Maintenance II-29
Table 23: World Airframe Heavy MRO Market (2007): Percentage
Share Breakdown of Demand by Aircraft Type –747-400, A320
Fleet, 737-3/4/500, 767, 757, MD80, 747-1/2/300, A300-600,
777, A340-200/300 and Others (includes corresponding
Graph/Chart) II-29

Table 24: World Airframe Heavy MRO Market (2007): Percentage
Share Breakdown of Airframe Heavy Maintenance by Leading
Suppliers –Self, Independent, Airline Third Party and OEMs
(includes corresponding Graph/Chart) II-30

Table 25: Worldwide Airframe Heavy Maintenance Market
(2014P): Percentage Share Breakdown by Types of Aircraft
Fleets – A320, B747-400, B767, B737 NG and Others (includes
corresponding Graph/Chart) II-30
Major Trends/Scenarios Shaping the Airframe Heavy Maintenance
Market – II-30
Table 26: World Passenger Aircraft Market (2006): Breakdown
Aircraft Deliveries by Top Ten Region/ Country-US, China, UK,
Germany, Japan, Italy, France, Spain, Canada and Malaysia
(includes corresponding Graph/Chart) II-31
Aircraft Modifications II-31
Major Trends/Scenarios Shaping the Aircraft Modifications
Market – II-32
Components Maintenance II-32
Table 27: World Components MRO Market (2007): Percentage
Share Breakdown by Major Segments –Wheels & Brakes, APU,
Avionics, Engine Exhaust, Engine Fuel & Control, Landing
Gear, Flights Controls and Others (includes corresponding
Graph/Chart) II-33
Major Trends/Scenarios Shaping the Components Maintenance
Market – II-33
Engine Overhaul II-34
Table 28: World Air Transport Engine Overhaul Market (2007):
Percentage Share Breakdown by Leading Suppliers –GE, Rolls
Royce, Lufthansa Technik, Pratt & Whitney, AFI/KLM, Delta
Tech Ops, MTU, Japan Airlines, Snecma, American Airlines and
Others (includes corresponding Graph/Chart) II-34

Table 29: World Engine MRO Market (2007): Percentage Share
Breakdown of Engine Overhaul by Leading Engine Types–
CF6-80C2, CFM56-3, PW4000-94, JT8D-200, JT9D, V2500,
RB211-535, CFM56-5C, PW2000, RB211-524GH and Others (includes
corresponding Graph/Chart) II-35

Table 30: World Engine Overhaul Market (2007): Percentage
Share Breakdown by Major Segments – Air Transport, Military
and Business & GA (includes corresponding Graph/Chart) II-35
Major Trends/Scenarios Shaping the Engine Overhaul Market – II-35
Table 31: World Engine Overhaul Market (2007): Percentage
Share Breakdown by Leading Suppliers – OEMs, Self, Airline
Third Party, Independent and Joint Ventures (includes
corresponding Graph/Chart) II-36

Table 32: World Engine Overhaul Market (2008): Percentage
Share Breakdown of Overhaul Costs by Segments –Material,
Labour, Outside Components Repair and Fees (includes
corresponding Graph/Chart) II-36

Table 33: World Engine Overhaul Market (2008): Percentage
Share Breakdown of Material Repair by Segments –New, Limited
Life Components, Used/ Serviceable Components and PMA
(includes corresponding Graph/Chart) II-37

Table 34: World Engine Overhaul Market (2008): Percentage
Share Breakdown of Outside Components Repair by Segments -
HPT Airfoils, Compressor Airfoils, LPT Airfoils, Stators,
Cases and Others (includes corresponding Graph/Chart) II-37
Line Maintenance II-37
Table 35: World Line Maintenance Market (2007): Percentage
Share Breakdown of Demand by Major Aircraft Types –A320
Fleet, 737-3/4/500, 737- NG, 767, 757, MD80, 747-400, CRJ,
777, EMB RJ and Others (includes corresponding Graph/Chart) II-37
Major Trends/Scenarios Shaping the Line Maintenance Market – II-38
Table 36: Global Line Maintenance Market (2008): Percentage
Share Breakdown of Service Supply by Types – In-House and
Outsourced II-38

Table 37: Global Line Maintenance Market (2008): Percentage
Share Breakdown of Type of Cost Structure – Labor Intensive
and Materials & Consumables II-38

7. Product Overview II-39
Evolution and Development of the MRO Industry II-39
Development of the MRO Industry through the Years II-39
Common Definitions and Terminologies II-39
Aircraft MRO (Maintenance, Repair and Overhaul) II-39
Aviation Maintenance II-40
MRO Consultants II-40
Aircraft MRO Functioning and Processes II-40
Major Areas of Aircraft Maintenance, Repair and Overhaul
Include – II-41
Some of the Worldwide Used Innovative MRO Solutions
Developed by Leading Players Include – II-41
Commercial Aircraft Maintenance Process II-42
Types of MRO Maintenance Activities II-42
Routine MRO Activity II-42
Non-Routine MRO Activity II-42
Modification II-42
Maintenance Schedules and Approval Systems II-42
A-Check /Minor Check II-43
B-Check II-43
C-Check / Major Check II-43
IL-Check II-43
D-Check II-43
Low-cost carrier II-43
A Typical Business Model of LCCs Includes – II-44

8. Recent Industry Activity II-45
European Aviation Completes Acquisition of Indamer II-45
Abu Dhabi Aircraft, Silver Air Form Alliance II-45
Air Canada Extends Maintenance Agreement with Aveos II-45
AAR Corp Acquires Avborne Heavy Maintenance II-45
Boeing Takes Over Insitu II-45
Rolls-Royce and Mubadala Establish New Aviation JV II-45
Northstar Aerospace to Sell Repair and Overhaul Operations II-46
Gulfstream Aerospace Takes Over Jet Aviation II-46
Esterline Sells UK Subsidiary to Ametek II-46
1time Holdings Agrees to Acquire 77.5% Stake in Safair Technical II-46
ST Aerospace Takes Over Remaining Stake in STA Solutions II-46
Abu Dhabi Airport Awards Contract to Global Aviation II-47
Hamilton Aerospace Bags US$3 Million Worth Contracts II-47
Global Aircraft Solutions Inks a Contract with Boeing II-47
Boustead Singapore Bags US$37 Million Contract from Singapore
Aero II-47
GoAir to Ink US$40 Million Deal with Air France Engineering II-47
GMR Hyderabad Joins Hands with Malaysian Airlines II-47
MAS Aerospace to Partner Alenia Aeronavali II-48
Cebu Pacific Establishes Joint Venture with SIA Engineering II-48
Turkish Engine Center Signs Pact with Turkish Technic, Turkish
Airlines II-48
NACIL Signs Joint Venture Accord with EADS II-48
Jet Aviation, Vnukovo Invest Ink Agreements II-48
Domodedovo Technique Inks MRO Agreement with IFS II-49
GA Telesis Completes Acquisition of AM Trading and AM Repair II-49
HAECO, Taikoo Ink Accord with GE Pacific and GE Company II-49
HAECO Sets Up Aircraft Maintenance Services Facility in China II-49
United Business Media Completes Acquisition of AeroStrategy II-49
AMETEK Acquires Drake Air II-50
Maguire Aviation to Acquire Skytrails Aviation II-50
Sama Airlines Inks MRO Deal with Alsalam Aircraft II-50
AMETEK Acquires Umeco Repair & Overhaul II-50
Government of Portugal Acquires 49% Interest in Reaching Force II-50
Saudi American Acquires Trident II-51
AMETEK Completes the Acquisition of Advanced Industries and B
&S Aircraft II-51
Boeing Bags a Contract from USAF II-51
Global Aircraft Inks an Agreement for 40% Stake in Global
Aircraft Leasing Partners II-51
AMETEK Takes Over High Standard Aviation II-52
Emirates Enters into an Agreement with Engine Alliance II-52
Aeroterm Takes Over MRO, Office, and Hangar Facility in Canada II-52
Aerospace Enters into a Deal with GE Aviation II-52
Malaysia Airlines Inks Service Agreement and MoUs with Foreign
Airline Partners II-53
HAECO Inks a Joint Venture Deal with Air Arabia II-53
JLL Partners Takes Over American Turbo Systems II-53
Sun Capital Partners Completes the Acquisition of Pemco World Air II-53
AMETEK Takes Over B&S Aircraft Parts & Accessories II-54
L-3 Communications Acquires Stake in Paragon Systems II-54
Riverhawk Aviation Completes Acquisition of Profile Aviation
Center II-54
Gulfstream Takes Over WECO II-54
Ranger Aerospace Takes Over Two Major Aviation MRO Companies II-54
Fokker Services to Take Over Aerotron AirPower II-55
AAR Acquires Majority Stake in Reebaire Aircraft II-55
Investment Fund Company LD Equity Acquires Scandinavian
Airline Sterling A/S II-56
Dubai’s DAE Acquires Two US Companies Standard Aero and
Landmark Aviation II-56
Vector Aviation to Acquire Perth Based Helicopter Component
Repair Facility II-56
Snecma Services and Airfoil Technologies Enter into a Joint
Venture for Repair Services II-56
Lockheed Martin Bags Contract for US Navy Helicopter Repair
Services II-57
ExelTech Aerospace Enters into Multi-Year Jet MRO Contract
with Air Wisconsin II-57
Russian Firm Inks Helicopter Maintenance Contracts with
Chinese Companies II-58
Czech Republic Grants Helicopter Repair Contract to Russia II-58
Uzbekistan and Russia Enter into a JV for Setting up
Helicopter MRO Unit II-58
L-3 Communications Bags $8 Million Contract for Helicopter MRO II-58
DRS Technologies Wins US Army Contract for Helicopter
Maintenance Services II-59
Finmeccanica Bags Helicopter MRO Contract for Britain Defense
Helicopters II-59
Jupiter Aviation Inks Agreement with EADS for Establishment of
MRO Center II-59
Club One Air to Sign Agreement with Eclipse Aviation for New
MRO Unit in India II-59
Lion Air, Delta Airlines Ink Pact for Aircraft MRO Facility II-60
Lufthansa Technik Bags Two Aircraft MRO Contracts from US Airways II-60
Abu Dhabi Aircraft and Etihad Airways Ink $500 Million, Multi
-Year MRO Contract II-60
Goodrich Corp and Cathay Pacific Enter into Aircraft MRO
Services Alliance II-61
Airbus S.A.S Inks Aircraft MRO Agreement with Lufthansa
Technik Shenzhen II-61
Malaysian Carrier AirAsia Inks Initial MRO Pact with New
Domestic Company II-61
Hamilton Aerospace Receives Aircraft MRO Contracts from Two
Companies II-61
Singapore Technologies, Xiamen Aviation Float JV for Aircraft
Engine MRO II-62
Aerostar Forms Joint Venture with Singapore Based Interior
Aeroservices II-62
MTC Technologies Receives Aircraft MRO Contract for
Philippines Defense Aircraft II-62
ExelTech Signs Bombardier Dash 8 MRO Services Contract with
Piedmont Airlines II-62
Jupiter Aviation, EADSEFW to Set Up MRO Facility in India II-63
Taneja Aerospace to Sign MRO Joint Ventures with Foreign Firms II-63
Indian Enters into MOU with CFM for Joint MRO Service Center
in India II-64
Pratt & Whitney Canada Ink Aircraft Engine MRO Contract with
Gulfstream II-64
National Carrier Indian Inks MRO Joint Venture for Aircraft MRO II-64
Qantas Airways Signs Aircraft MRO Joint Venture with Malaysia
Airlines II-64
Canada’s ExelTech Bags 5-Year Contract for Bombardier Water
Bombers II-65
General Electric Bags US Navy Contract for Defense Aircraft
MRO Services II-65
ACTS LP Signs US$200 Mln MRO Agreements with TACA
International and Volaris II-65
ExelTech Aerospace Signs MRO Contract with West Wind Aviation II-65
Boeing to Commence MRO services in China through JV II-66
Sukhoi to Establish MRO Facility in Malaysia II-66
Arik Air Commences Construction of New MRO Facility in Nigeria II-66
Cochin International Airport to Establish International MRO
Unit in Cochin, India II-66
Lufthansa Technik Announces Plan to Set Up MRO Unit in
Hyderabad, India II-67
Mesaba Airlines to Set up a MRO Unit at Des Moines Airport, Iowa II-67
Boeing Announces Plan to Establish MRO Facility in Nagpur, India II-67
Dubai Government to Establish the Largest MRO facility
Worldwide in Jebel Ali, Dubai II-67
SIA Engineering to Establish Aircraft MRO Unit in Vietnam II-68
Spirit AeroSystems to Initiate Aircraft MRO Services in Europe II-68
Jet Airways to Establish MRO Center in Chennai, India II-68
Compass Airlines to Establish Aircraft MRO Facility at
Louisville International Airport II-68
Goodrich Corp. Divests Heavy Maintenance Unit to Macquarie Bank II-68
Ace Aviation Holdings Divests 70% Stake in Aircraft MRO Plant II-69
Japan Airlines to Divest Majority Stake in Maintenance Unit to
Itochu Corp II-69
Brazil Embraer Initiates Construction of MRO Facility in
Arizona, US II-69
SIA Engineering and Wadia Group Mutually Terminate Aircraft
MRO Venture II-69
ST Aero Receives Regulatory Nod for Commencing MRO Operations II-70
TAS Holding to Acquire TIMCO Aviation Services II-70
Avstar Aviation to Take Over Texcom II-70
Aviall Inks an Agreement to Take Over Sisu Services II-70
UAE Consortium Acquires SR Technics of Switzerland II-71
Air-India to Acquire MRO Facility of Boeing in Nagpur, India II-71
AMETEK Takes Over Oklahoma Based MRO Service Provider,
Southern Aeroparts II-71
UIC Acquires McTurbine, a Helicopter Repair and Services Center II-71
SIA Engineering and Wadia Group to Set Up MRO JV in India II-71
Vietnam Airlines and Milcon Gulf Sign MoU for Setting up MRO
Unit in Vietnam II-72
Pratt & Whitney and China Eastern Sign Agreement for MRO Unit
in China II-72
Cathay Pacific Enters into Long-Term MRO Agreement with GE II-72
Delta Airlines Extends MRO Agreement with Royal Air Maroc II-72
Air France and KLM to Join Together for MRO Co-branding II-73
Airbus and HAL in Negotiations for Setting up MRO Facility in
India II-73
Air Deccan Enters into $150 Million MRO Deal with Lufthansa
Technik II-73
Alcoa Enters into a MRO Inventory Management Deal with Nexiant II-73
KLM and Honeywell Sign APU MRO Partnership II-74
Kingfisher Airlines and HAL to Jointly Set up MRO Center in India II-74
Eurocopter and Gazpromavia Ink MRO Deal for Russian Eurocopter
Helicopters II-74
Snecma Services and ITR Collaborate to Set up a New JV MRO
Facility in Mexico II-74
HAL to Ink Agreement with Pratt & Whitney for MRO Unit in
Bangalore, India II-75
Shanghai Airport Authority Sets up China’s First JV MRO Center
in Shanghai II-75
Indian Defense Ministry grants MRO Contract to Russian Company II-75
Bell Helicopter to Establish an Aircraft MRO Facility in Thailand II-76
IA, HAL and Airbus Collaborate to Establish a MRO Unit in
Mumbai, India II-76
Heli-One to Set Up North American Helicopter MRO Facility in
Canada II-76
Various Foreign Firms to Establish MRO Center in Nagpur, India II-76
Delhi International Airport to Establish New MRO Center in
Delhi, India II-77
Singapore Technologies to Shut Down Sick MRO Unit in UK II-77
Bulgarian Defense Ministry to Terminate MRO Contract with
Elbit Systems II-77
Sikorsky Aircraft Corp Acquires Keystone Ranger Holdings II-77
Shenzhen Airlines Signs 15-Year MRO Servicing Pact with GE II-78
Jet Airways to Establish MRO Center in Partnership with
Foreign Player in India II-78

9. Focus on Select Players II-79
Air France KLM (France) II-79
Aveos Fleet Performance Inc (Canada) II-79
AAR Corp (US) II-79
Ameco Beijing (China) II-80
Ametek Inc (US) II-80
Abu Dhabi Aircraft Technologies (UAE) II-81
Bedek Aviation Group (Israel) II-81
Delta TechOps (US) II-82
ExelTech Aerospace Inc (Canada) II-82
Aviation Technical Services, Inc (US) II-83
Hong Kong Aircraft Engineering Company (Hong Kong) II-83
Lufthansa Technik (LHT) (Germany) II-84
MTU AeroEngines (Germany) II-85
Singapore Technologies Aerospace (ST Aerospace) (Singapore) II-86
SR Technics (Switzerland) II-86
SIA Engineering Co (Singapore) II-87
Snecma Services (France) II-87
STAECO (China) II-88
TIMCO Aviation Services, Inc (US) II-89
VEM/TAP M&E (Brazil) II-89

10. Global Market Perspective II-90
Table 38: World Recent Past, Current and Future Analysis for
Aircraft MRO by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (Excluding Japan), Middle East, Latin America,
and Africa Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for the Years 2006 through 2015
(includes corresponding Graph/Chart) II-90

Table 39: World Historic Review for Aircraft MRO by Geographic
Region – US, Canada, Japan, Europe, Asia- Pacific (Excluding
Japan), Middle East, Latin America, and Africa Markets
Independently Analyzed with Annual Revenue Figures in US$
Million for the Years 2000 through 2005 (includes
corresponding Graph/Chart) II-91

Table 40: World 10-Year Perspective for Aircraft MRO by
Geographic Region – Percentage Breakdown of Revenues for US,
Canada, Japan, Europe, Asia-Pacific (Excluding Japan), Middle
East, Latin America, and Africa Markets for Years 2006, 2009,
and 2015 (includes corresponding Graph/Chart) II-92

Table 41: World Recent Past, Current and Future Analysis for
Heavy Airframe Maintenance Segment by Geographic Region – US,
Canada, Japan, Europe, Asia-Pacific (Excluding Japan), Middle
East, Latin America, and Africa Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years 2006
through 2015 (includes corresponding Graph/Chart) II-93

Table 42: World Historic Review for Heavy Airframe Maintenance
Segment by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (Excluding Japan), Middle East, Latin America,
and Africa Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for the Years 2000 through 2005
(includes corresponding Graph/Chart) II-94

Table 43: World 10-Year Perspective for Heavy Airframe
Maintenance Segment by Geographic Region – Percentage
Breakdown of Revenues for US, Canada, Japan, Europe,
Asia-Pacific (Excluding Japan), Middle East, Latin America,
and Africa Markets for Years 2006, 2009, & 2015 (includes
corresponding Graph/Chart) II-95

Table 44: World Recent Past, Current and Future Analysis for
Modifications Segment by Geographic Region – US, Canada,
Japan, Europe, Asia-Pacific (Excluding Japan), Middle East,
Latin America, and Africa Markets Independently Analyzed with
Annual Revenue Figures in US$ Million for the Years 2006
through 2015 (includes corresponding Graph/Chart) II-96

Table 45: World Historic Review for Modifications Segment by
Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets Independently Analyzed with Annual Revenue Figures in
US$ Million for the Years 2000 through 2005 (includes
corresponding Graph/Chart) II-97

Table 46: World 10-Year Perspective for Modifications Segment
by Geographic Region – Percentage Breakdown of Revenues for
US, Canada, Japan, Europe, Asia-Pacific (Excluding Japan),
Middle East, Latin America, and Africa Markets for Years 2006,
2009, 2015 (includes corresponding Graph/Chart) II-98

Table 47: World Recent Past, Current and Future Analysis for
Components Maintenance Segment by Geographic Region – US,
Canada, Japan, Europe, Asia-Pacific (Excluding Japan), Middle
East, Latin America, and Africa Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years 2006
through 2015 (includes corresponding Graph/Chart) II-99

Table 48: World Historic Review for Components Maintenance
Segment by Geographic Region – US, Canada, Japan, Europe,
Asia-Pacific (Excluding Japan), Middle East, Latin America,
and Africa Markets Independently Analyzed with Annual Revenue
Figures in US$ Million for the Years 2000 through 2005
(includes corresponding Graph/Chart) II-100

Table 49: World 10-Year Perspective for Components Maintenance
Segment by Geographic Region – Percentage Breakdown of
Revenues for US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets for Years 2006, 2009, 2015 (includes corresponding
Graph/Chart) II-101

Table 50: World Recent Past, Current and Future Analysis for
Engine Overhaul Segment by Geographic Region – US, Canada,
Japan, Europe, Asia-Pacific (Excluding Japan), Middle East,
Latin America, and Africa Markets Independently Analyzed with
Annual Revenue Figures in US$ Million for the Years 2006
through 2015 (includes corresponding Graph/Chart) II-102

Table 51: World Historic Review for Engine Overhaul Segment by
Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets Independently Analyzed with Annual Revenue Figures in
US$ Million for the Years 2000 through 2005 (includes
corresponding Graph/Chart) II-103

Table 52: World 10-Year Perspective for Engine Overhaul
Segment by Geographic Region – Percentage Breakdown of
Revenues for US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets for Years 2006, 2009 and 2015 (includes corresponding
Graph/Chart) II-104

Table 53: World Recent Past, Current and Future Analysis for
Line Maintenance Segment by Geographic Region – US, Canada,
Japan, Europe, Asia-Pacific (Excluding Japan), Middle East,
Latin America, and Africa Markets Independently Analyzed with
Annual Revenue Figures in US$ Million for the Years 2006
through 2015 (includes corresponding Graph/Chart) II-105

Table 54: World Historic Review for Line Maintenance Segment
by Geographic Region – US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets Independently Analyzed with Annual Revenue Figures in
US$ Million for the Years 2000 through 2005 (includes
corresponding Graph/Chart) II-106

Table 55: World 10-Year Perspective for Line Maintenance
Segment by Geographic Region – Percentage Breakdown of
Revenues for US, Canada, Japan, Europe, Asia-Pacific
(Excluding Japan), Middle East, Latin America, and Africa
Markets for Years 2006, 2009 and 2015 (includes corresponding
Graph/Chart) II-107


III. MARKET

1. The United States III-1
A.Market Analysis III-1
Current & Future Analysis III-1
Market Overview III-1
Table 56: Airlines Outsourcing their MRO Activities in
United States by 2006 (includes corresponding Graph/Chart) III-2
Leading North American Aircraft MRO Providers in 2005 III-2
Main Issues in the Marketplace III-2
Aircraft Fleets and Deliveries III-2
US Business Aviation Market III-3
Table 57: US Business Aviation Market (2007): Percentage
Breakdown of Fleets by Leading OEMs – Raytheon, Cessna,
Bombardier, Gulfstream, Dassault and Others (includes
corresponding Graph/Chart) III-3

Table 58: US Business Aviation Market (2008): Percentage
Breakdown of Fleets by Engine Type – Turbojet Aircraft,
Turboprop Aircraft and Others (includes corresponding
Graph/Chart) III-3

Table 59: US Business Aviation Market (2008): Percentage
Breakdown of Fleets by Operator Type –Corporate, Charter &
Cargo, Government, Fractional and Others (includes
corresponding Graph/Chart) III-3
Recent Industry Activity III-4
Focus on Select US Players III-14
B.Market Analytics III-16
Table 60: US Recent Past, Current and Future Analysis for
Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years
2006 through 2015 (includes corresponding Graph/Chart) III-16

Table 61: US Historic Review for Aircraft MRO by Maintenance
Segments – Heavy Airframe Maintenance, Modifications,
Components Maintenance, Engine Overhaul and Line Maintenance
Markets Independently Analyzed with Annual Revenue Figures
in US$ Million for the Years 2000 through 2005 (includes
corresponding Graph/Chart) III-17

Table 62: US 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-17

2. Canada III-18
A.Market Analysis III-18
Current & Future Analysis III-18
Table 63: Canadian Aerospace Industry (2001-2006):
Breakdown by Parameters – Revenues, Exports, Employment and
Investment (includes corresponding Graph/Chart) III-18

Table 64: Canadian Aerospace & Defense Industry 2007):
Percentage Share Breakdown by Major Segments –Aircraft &
Components, Avionics, Aircraft Engine & Components, MRO,
Training & Simulation, Space and Others (includes
corresponding Graph/Chart) III-19
Recent Industry Activity III-19
Focus on Select Players III-23
B.Market Analytics III-24
Table 65: Canadian Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years
2006 through 2015 (includes corresponding Graph/Chart) III-24

Table 66: Canadian Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-25

Table 67: Canadian 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-25

3. Japan III-26
A.Market Analysis III-26
Current & Future Analysis III-26
Recent Industry Activity III-26
B.Market Analytics III-26
Table 68: Japanese Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years
2006 through 2015 (includes corresponding Graph/Chart) III-26

Table 69: Japanese Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-27

Table 70: Japanese 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-27

4. Europe III-28
A.Market Analysis III-28
Current & Future Analysis III-28
Market Overview III-28
Table 71: European Airlines Market (2000, 2005 and 2010p):
Percentage Breakdown of Share by Airline Types – Network
Carriers, Low Cost and Charter (includes corresponding
Graph/Chart) III-28
MRO Industry Shakeout III-29
Changing MRO Market Structures in Europe III-29
The Old/Present MRO Structure III-29
Airlines III-29
Airline-Affiliates III-30
Independents III-30
Prime Manufacturers III-30
Component OEMs III-31
New/Future MRO Market Structure III-31
Eastern Europe Set to Become Low Cost MRO Hub III-32
Table 72: Leading Players in the Russian Core Engine Repair
Market (2006) (includes corresponding Graph/Chart) III-32
The Netherlands MRO Market III-33
Table 73: MRO Market in Netherlands (2008): Percentage
Share Breakdown of Market Size by Major Segments – Engine,
Components, Base, Line, Modifications and Spares (includes
corresponding Graph/Chart) III-33

Table 74: Dutch Aircraft MRO Market (2007): Breakdown by
Different Parameters – Segment, MRO Spend, Number of Active
Aircrafts, and Percentage of MRO Outsourced III-33
Recent Industry Activity III-33
Focus on Select Players III-38
B.Market Analytics III-42
Table 75: European Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently Analyzed
with Annual Revenue Figures in US$ Million for the Years
2006 through 2015 (includes corresponding Graph/Chart) III-42

Table 76: European Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-43

Table 77: European 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-43

5. Asia-Pacific III-44
A.Market Analysis III-44
Current & Future Analysis III-44
Market Overview III-44
Table 78: Global Air Passenger Traffic (2006-2015):
Breakdown of Growth Percentage by Regions – India, Middle
East, Asia-Pacific, Latin America, CIS, Africa, Europe and
North America (includes corresponding Graph/Chart) III-44
B.Market Analytics III-45
Table 79: Asia-Pacific Recent Past, Current and Future
Analysis for Aircraft MRO by Geographic Region – China,
India, Korea, and Rest of Asia-Pacific Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for the
Years 2006 through 2015 (includes corresponding Graph/Chart) III-45

Table 80: Asia-Pacific Recent Past, Current and Future
Analysis for Aircraft MRO by Geographic Region – China,
India, Korea, and Rest of Asia-Pacific Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for the
Years 2000 through 2005 (includes corresponding Graph/Chart) III-46

Table 81: Asia-Pacific 10-Year Perspective for Aircraft MRO
by Geographic Region – China, India, Korea, and Rest of
Asia-Pacific Markets for Years 2006, 2009, and 2015
(includes corresponding Graph/Chart) III-46

Table 82: Asia-Pacific Recent Past, Current and Future
Analysis for Aircraft MRO by Maintenance Segments – Heavy
Airframe Maintenance, Modifications, Components Maintenance,
Engine Overhaul and Line Maintenance Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for the
Years 2006 through 2015 (includes corresponding Graph/Chart) III-47

Table 83: Asia-Pacific Recent Past, Current and Future
Analysis for Aircraft MRO by Maintenance Segments – Heavy
Airframe Maintenance, Modifications, Components Maintenance,
Engine Overhaul and Line Maintenance Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for the
Years 2000 through 2005 (includes corresponding Graph/Chart) III-48

Table 84: Asia-Pacific 10-Year Perspective for Aircraft MRO
by Maintenance Segment – Percentage Share Breakdown of
Revenues for Heavy Airframe Maintenance, Modifications,
Components Maintenance, Engine Overhaul and Line Maintenance
Markets for Years 2006, 2009, and 2015 (includes
corresponding Graph/Chart) III-49

5a. China III-50
A.Market Analysis III-50
Current & Future Analysis III-50
Market Overview III-50
China’s Aviation Market- New Growth Strategies III-51
Recent Industry Activity III-51
Focus on Select Chinese Players III-54
B.Market Analytics III-56
Table 85: Chinese Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for
the Years 2006 through 2015 (includes corresponding
Graph/Chart) III-56

Table 86: Chinese Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-57

Table 87: Chinese 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-57

5b. India III-58
A.Market Analysis III-58
Current & Future Analysis III-58
Market Overview III-58
Aviation Market Highlights III-59
Recent Industry Activity III-59
B.Market Analytics III-66
Table 88: Indian Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for
the Years 2006 through 2015 (includes corresponding
Graph/Chart) III-66

Table 89: Indian Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-67

Table 90: Indian 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-67

5c. Korea III-68
Market Analysis III-68
Table 91: Korean Recent Past, Current and Future Analysis
for Aircraft MRO by Maintenance Segments – Heavy Airframe
Maintenance, Modifications, Components Maintenance, Engine
Overhaul and Line Maintenance Markets Independently
Analyzed with Annual Revenue Figures in US$ Million for
the Years 2006 through 2015 (includes corresponding
Graph/Chart) III-68

Table 92: Korean Historic Review for Aircraft MRO by
Maintenance Segments – Heavy Airframe Maintenance,
Modifications, Components Maintenance, Engine Overhaul and
Line Maintenance Markets Independently Analyzed with Annual
Revenue Figures in US$ Million for the Years 2000 through
2005 (includes corresponding Graph/Chart) III-69

Table 93: Korean 10-Year Perspective for Aircraft MRO by
Maintenance Segment – Percentage Share Breakdown of Revenues
for Heavy Airframe Maintenance, Modifications, Components
Maintenance, Engine Overhaul and Line Maintenance Markets
for Years 2006, 2009, and 2015 (includes corresponding
Graph/Chart) III-69

5d. Rest of Asia-Pacific III-70
A.Market Analysis III-70
Current & Future Analysis III-70
MRO Market in Singapore III-70
Table 94: Singapore Aircraft MRO Market (2008): Percentage
Share Breakdown by Overhaul Segments - Engines and Power
Generation, Airframe Maintenance, Avionics & Systems,
Aircraft Structures and Others (includes corresponding
Graph/Chart) III-70
Recent Industry Activity III-70
Focus on Select Player III-73
B.Market Analytics III-75
Table 95: Rest of Asia-Pacific Recent Past, Current and
Future Analysis for Aircraft MRO by Maintenance Segments –