Asia-Pacific represents 15% of the current worldwide commercial airline fleet, with 23% of those aircraft based in China, said David Marcontell, CFO and EVP at TeamSAI, at Aviation Week’s MRO Asia Conference & Exhibition here in Xiamen, China. The Asian fleet is 9.8 years old, compared to the 11.9-year world average.
Of the $39 billion worldwide MRO market in 2006, the Asian region accounts for $7.2 billion, or 18.5% of the total, he said. By 2016, he predicts this to grow to $14.8 billion, or 24.4% of the total worldwide MRO market.
Marcontell and Kevin Michaels, a co-founder of AeroStrategy, both said the Asia-Pacific region is the biggest net importer of airframe MRO. Michaels pegged the figure at about 20% more aircraft maintenance.
-- Lee Ann Tegtmeier