Engine shop visits will not return to 2019 levels until 2024, according to consultancy IBA. In 2020 they are down roughly 70% on the previous year, and IBA’s prediction puts the engine aftermarket recovery in line with what IATA forecasts for passenger traffic.
Boeing Expects MRO Workforce Demand To Remain High, Despite Downturn
Despite a decrease in MRO demand and the resulting job cuts and furloughs that have arisen during the COVID-19 crisis, Boeing remains positive about industry demand for aviation maintenance technicians.
The traffic crash, troubled airline and lessor finances and coming aircraft tear downs are going to dramatically reshape aircraft and engine part markets for years. One aftermarket exec with unique insights into these markets gave an early look at what’s happened so far in a recent audio conference.
Podcast: Boeing Perspective On Outlook For Aftermarket
As the aviation industry tracks fleet status daily for signs of recovery, Wendy Sowers, Boeing’s director, commercial market forecasting and analysis, talks with Aviation Week’s Lee Ann Shay about commercial aviation trends, what aftermarket segments should recover first (and last) and predictions for what the MRO market could look like post-pandemic.