Tech advancements, growing aviation needs & upsurge in economies will push MRO industry growth

The commercial aviation industry had seen many ups and downs over the years. But the digital age has pushed it to move forward with the rise of the emerging markets across many continents. The change on aircraft fleet design, model and number concurrently requires attention on maintenance, repair and overhaul (MRO) demand. According to global management consulting firm Oliver Wyman’s

World military expenditure rises to $1.822 trillion

US, China, Saudi Arabia, India and France were the biggest spenders. America keeps lead as the world’s biggest arms supplier Military expenditure across the world rose to $1.822 trillion in 2018 nearly double of the total amount spent during the post-cold war low in 1998, the Stockholm International Peace Research Institute (SIPRI) disclosed Analysts attribute the increasing military expenditure to rising political

India’s growing aviation market opens up opportunities for more pilots, cabin crew & technical experts

As new technologies and value shifts change how and why people work, the industry will need to invest in skills for future aviation leaders and workers, and communicate the benefits of working in the sector. The portal ‘Pilot Career Centre’ (PCC) posed a question on pilot shortage across the world

Aviation industry sees the future with optimism despite challenges

About 12 million passengers passed through different airport across continents to reach hundreds of destinations in 2018, keeping airlines busy with 120,000 flights dispatched 24 hours a day during the period, statistics from international bodies showed. In this day and age, traveling by air is no longer a luxury but

India pushes for stronger military

Country of over 1.35 billion to spend US$223B  in a decade to modernize military .As India's population and economy grow, so does its appetite to increase its military strength. The Indian government says it plans to spend more than US$223 billion within the next 10 years to modernize its military capabilities

Commercial Helicopters

The global commercial helicopter industry was valued at $8.2 billion in 2017 but by 2027 it could go up to $11.6 billion. Key factors include rising demand from emerging economies in the Asia-Pacific, Middle East and Latin America which utilize the aircraft for emergency services,law enforcement, transport and tourism. The

Business aviation is waiting to takeoff in India

As per the Directorate General of Civil Aviation (DGCA), there are 109 non-scheduled operators (we are not taking into consideration private owners of jets) which have a feet of 353 aircraft (including hot  airballoons,helicopters,turboprops and business jets).   General Aviation and Business Aviation (GA/BA) have long been utilized in the West

Air cargo industry to soar with technology & aviation growth

The World Tourism Organisation has estimated that by 2030 a global population of 8.5 billion people will take approximately 2 billion international trips, necessitating the transportation industry to come up with ways and means to make this happen.  Along with the movement of people, there is movement of goods too,requiring

Rising demand for air travel will keep MRO industry busy

“By 2028, our forecast projects the worldwide feet will total 37,978 aircraft, up from the 2018 total of 26,307. Narrow-body aircraft will be the biggest beneficiary of this expansion, increasing from about 56 percent of the feet in 2018 to 66 percent in 2028 thanks to operating costs, range, and capabilities that allow them to encroach

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<October 2021>

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