Aircraft Line Maintenance Market Estimated To Account For A Higher Value By 2021; With a Whooping CAGR; Asserts MRFR

Market Highlights
Global Aircraft Line Maintenance Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

Delta TechOps,
Lufthansa Technik,
Monarch Aircraft Engineering,
SIA Engineering Company,
SR Technics,
British Airways Engineering,
Hong Long Aircraft Engineering,
TAP Maintenance & Engineering,
Turkish Technic.

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Industry/ Innovation/ Related News:

October, 2017:- Monarch Aircraft Engineering Limited (MAEL) signed a contract with the China Airlines to carry out line maintenance on its aircraft.

August, 2017:- FEAM Maintenance announced its agreement with the Emirates airline to provide the full handling line maintenance services for the Boeing 777 passenger and freighter aircraft, at the Chicago O'Hare International Airport.

October, 2016 - SR Technics signed several maintenance agreements with easyJet, a British airline, thereby extending its partnership. Under the contract, the company would provide line maintenance services to the aircraft fleet of easyJet, at its line and light base maintenance stations in the UK and Switzerland.

Regional Analysis

Asia had the largest share of the global aircraft line maintenance MRO market in 2016. It is an emerging region in the long-haul international market and it relies heavily on the small and medium wide-body aircraft. As a result, a number of such airlines have been entering into service, recently such as Indigo, Tigerair Singapore, Tigerair Australia, and Air Asia. Asia Pacific is home to major MRO service providers such as HAECO and SIA Engineering Company, and is projected to witness the highest growth rate, during the forecast period. Over the years, with the increasing incomes, there has been a high demand for air travel in the region, which stimulated larger developments of airplanes. It is expected that by 2035, more than 16,000 aircraft would be delivered in the region. Moreover, due to the low labour rates, North American airlines outsource 60% of their heavy maintenance and airframe MRO, to Asia, where it is a major source of income. In the recent years, there have been some major developments in the market.

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