Middle East MRO Business Likely to take a US$9.7 Billion Hit
Air Transport

Middle East MRO Business Likely to take a US$9.7 Billion Hit

Result of lower spends over the next two years

TLME News Service

Oliver Wyman has released its new Fleet & Maintenance Repair Overall (MRO) Forecast which includes new data on the impact of COVID-19 including recent fleet groundings, aircraft retirements, production rates, and other announcements for the commercial aviation industry.

One of the Key findings is that over 70% of the global commercial fleet will be parked at some point in 2020. Of this, most of the pre-crisis commercial fleet (1395 aircraft) in the Middle East is parked as of now.

For the Middle East aviation aftermarket, this means a $9.7 billion reduction in MRO spend over the two years of 2020 and 2021. Of this 66% in 2020 and rest in 2021.

Get more data on the COVID-19 impact interactive dashboard, which is updated weekly and reveals the near-term impact of COVID-19 on the MRO demand in a deeper fashion.

You can also change inputs to see impact by region and aircraft class.

Read More: DXB Stands Firm as Global Pandemic Intensifies

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