Wall Street Journal: Repairing Planes Used To Be A Nice Business. Now They’re Grounded
April 20, 2020
Data from Oliver Wyman’s Fleet and Maintenance Repair Overhaul (MRO) Forecast was included in a Wall Street Journal story about the impact of COVID-19 on the MRO market.
Spending on the maintenance, repair and overhaul of planes, jet engines and other parts will amount to only $43 billion globally in 2020, consulting firm Oliver Wyman recently estimated. This is less than half the figure it forecast in its February report, before factoring in Covid-19. The impact is expected to be sizable even in 2021, and to affect wide-body planes more than narrow-bodies. International travel seems set to take longer to recover, and large jets were already in oversupply.
To read the entire story, click here.