MRO business is gaining momentum, but pressure to reduce costs is relentless
The global maintenance, repair and overhaul industry is forecast to grow 5.6% annually through 2014 with revenues of nearly $60 billion as airlines cut costs, increase outsourcing and seek to ally themselves with MRO providers that offer more value for the dollar. Despite a forecast that calls for moderate expansion, during the next few years growth may be hampered by the rising cost of jet fuel. This will force airlines to become more price sensitive about what type of maintenance is ...
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