Andy Nixon hopes MRO Insider will change how airplane owners choose who does their aircraft maintenance. [Courtesy: Andy Nixon]
Key Takeaways:
The global aircraft MRO market is experiencing rapid growth, projected to reach $97.12 billion by 2028, driven by expanding commercial and general aviation fleets and increased flight hours.
This growth has led to an "unprecedented backlog" and supply chain issues, creating a challenging environment for MRO facilities and aircraft operators.
MRO Insider, a new "two-sided marketplace" app, addresses these challenges by connecting aircraft owners/operators with a broad network of maintenance providers, including smaller shops.
The platform aims to increase transparency, offer more competitive options, and reduce aircraft downtime, with plans to expand into fuel, hangar, and supplemental lift services.
A recent Brandessence Market Research report published this week said that the global aircraft MRO market was valued at $70.84 billion in 2021 and is expected to reach $97.12 billion by 2028.
The same study estimates that by 2027 the commercial fleet could grow to more than 35,000 aircraft—an increase of 33 percent compared to the fleet size a decade earlier (2017).
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Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.
