Western Europe's aircraft fleet is expected to stand at 7, 474 by 2028, representing an annual fleet growth of 2.1%. MRO growth is the region is projected at 1.8% annually, according to Aviation Week 2019 Commercial Fleet & MRO Forecast data.
The company suffered an EBIT loss of €116 million ($137.8 million) in the third quarter.
New-Gen Aircraft Undergo First Heavy Checks
A wave of new-generation aircraft will undergo their first heavy checks over the next 10 years, including the less maintenance intensive Boeing 787 and Airbus A350.
A350 in Western Europe
Airbus aircraft are anticipated to generate $84.7 billion of MRO demand, according to Aviation Week 2019 Commercial Fleet & MRO Forecast data. The A350, operated by the likes of Finnair, is expected to see a sizeable annual MRO growth rate of 27.2% from now until 2028.
AJW and EasyJet first entered into the supply chain agreement in 2015.