Poll: In the short term, which strategy will airlines use more often for their engines?

The demand-sapping ripple effects of the novel coronavirus and COVID-19 pandemic have reached aviation maintenance facilities, quickly reversing one of the industry’s steadiest trends.

Before the pandemic hit, most maintenance, repair and overhaul (MRO) shops were full, and the sector’s full-year pace was on target to surpass mid-to-high-single-digit growth rates of recent years. This was especially true in the lucrative engine overhaul segment, which the Aviation Week Network Commercial MRO Forecast projected would make up 43% of 2020’s forecast $82 billion in total MRO spend. Most engine shops were booked for months, and used parts were hard to find for many platforms—an added boost for new-parts suppliers. 

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This poll will be discussed in today's webinar 'Engine Leasing: Recovery and Ramp Up' - register now to hear the expert discussions. 

GE Aviation reported global shop visits for its engines were down low-double-digit figures in the first quarter of 2020, including CFM56s produced under its 50-50 CFM joint venture with Safran. While that pales in comparison to the more than 90% dip in global airline flight activity, MRO is a lagging indicator. Early second-quarter trend data has GE and CFM global shop visits, which totaled 5,400 for all of 2019, falling 60% year-over-year. 

Read the full article - Airline Fleet Change Will Trigger Aftermarket Reset. 

To share your views on other areas of the aftermarket, take a look at the previous weekly MRO polls here.