Staggering change of fleet mix creates MRO challenges and opportunities says Medland
Discussions at the MRO Middle East Conference in Dubai today drew attention to what Andrew Medland, Principal at Oliver Wyman, described as a 'staggering change in fleet mix' by 2025, and the challenges and opportunities it presents for MRO providers.
Quoting research by Vintage, Medland said the significant move towards late generation aircraft, in addition to improving airline costs, will undoubtedly impact MRO dynamics.
Currently, fleet mix is reported to include less than 10% aircraft from the 2000s, but that percentage is predicted to increase more than four times by 2025, as newer aircraft are ordered both as a result of airline expansion and older aircraft replacement.
Medland was speaking as part of the ‘MRO Middle East Market Forecast and Key Trends Panel’ during MRO Middle East, following a keynote address from Abdul Wahab Teffahah, Secretary General, Arab Air Carriers Organisation (AACO). He noted that the airlines of the region have all the necessary attributes to continue making a mark on the global scene.
“Today’s speakers really drove home a lot of the drivers impacting the future of MRO both in the region and worldwide.” Said Brian Kough, director, forecasts and analysis, for the conference organiser Aviation Week. “Key factors are lowered costs for airlines, new technology aircraft impacting MRO capabilities and growing overall fleets.”
Staffing challenges were also a focal point, with Medland pointing out that employees will require new technical skills and capabilities to maintain and repair new technology aircraft. He predicted that these will make up 42% of fleets in the MENA region within ten years, meaning that training and knowledge development should not be delayed.