Poll: Could the aircraft groundings due to COVID-19 mean an increase in MRO activity?
As the coronavirus spreads and airlines ground more aircraft, many will use the opportunity to conduct maintenance and refurbishment work.
The extent to which this provides a boost to MRO revenues, at least in the short term, is difficult to quantify, and will depend on the type of work being conducted and the capacity available--for regions still in their winter seasons, for example, most hangar space will have been booked up in advance of the traditional maintenance season.
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The 2019 novel coronavirus, or COVID-19, started in China, and Chinese MROs were the first aftermarket entities to be hit by its consequences. But at least one of these MROs says it is well underway to full recovery of maintenance capacity, even if local demand will flag for a while.
Hangxin Aviation Services’ MRO facilities resumed work on Feb. 10. “As of this week, Hangxin's maintenance capacity has recovered by more than 90%,” said General Manager Zhou Zhenjun on Feb. 26.
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