Looking Forward to MRO Europe
Next week we will be exhibiting at MRO Europe. Whilst aircraft and engine orders are the bread and butter of what happens at Farnborough, it is the MRO industry that services those aircraft and engines that are vital to the airlines and leasing companies that order them. MRO Europe brings this sector together with some 400+ suppliers to the industry. It is the perfect environment to network and meet with existing and potential exhibitors at Farnborough next year.
Oliver Wyman’s 2017 Fleet and MRO Forecast predicts the in-service commercial airline fleet to grow from nearly 25,000 aircraft at the beginning of 2017 to over 35,000 by 2027. With the aircraft order backlog standing at over 20,000 aircraft, this forecast seems to be quite likely with most demand coming from the Asia-Pacific region.
Industry reports also indicate that the MRO sector is evolving to meet these changing demands with the industry looking at new technology solutions. For example, augmented reality is implemented to handle the current shortage of qualified maintenance personnel in the Asia Pacific region. Rather than flying in technicians from around the world, it is using this new technology to provide the expertise remotely.
At the Farnborough International Airshow 2016, some 300 plus companies operating in the MRO sector exhibited with some US$5bn of MRO deals being announced. As the largest event on the global aerospace calendar with many MRO deals being tied into aircraft and engine orders, it is important the industry has a presence at the show.
As we look forward to 2018, we already have hundreds of businesses already confirmed to attend and plan to meet more at the MRO Europe next week. Show features such as Meet-The-Buyer, FINN Sessions and Aerospace 4.0 will add value to any potential exhibitor at FIA18. If you are visiting MRO Europe, come and find us at Booth 143 to find out more.