Bruised balance sheets, particularly in North America, have brought the MRO sector some gloomy news
The worldwide airline maintenance, repair and overhaul business was projected to lose money in the fourth quarter of last year followed by a $1-billion downturn this year as the credit crunch and fear of a protracted recession take their toll on balance sheets. “The MRO industry is dealing with significant, conflicting forces that include a massive economic slowdown and airline traffic and capacity reductions,” says Chris Doan, president and CEO of TeamSAI, a consulting company that ...
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