While powerplant suppliers Safran and MTU Aero Engines posted expected drops in aftermarket revenues for the last quarter, executives from each company highlighted several trends that support a cautiously optimistic outlook.
Dutch startup Aiir Innovations is developing web-based capabilities so companies can access its artificial intelligence tech for borescope inspections from anywhere in the world.
The shared need between heavy maintenance providers and their customers to survive the pandemic-driven downturn could foster more long-term agreements that give both sides the certainty they crave, industry executives say.