AEA Survey Shows Positive Avionics Trends
The annual Aircraft Electronics Association Rate & Labor Survey showed that most respondents expect their businesses to grow this year and that rotorcraft work is increasing.
According to the survey, 56 percent of respondents (up from 49 percent last year) expect their level of business to grow during the coming year. Just 6 percent expected business to decrease, down from 15 percent in 2009 and 8 percent in 2010.
Avionics installation work that the companies expect to see includes retrofits of glass cockpits, ADS-B upgrades and Wi-Fi system installations.
Wages and shop rates for avionics service providers on the West and East Coasts climbed the most, while Midwestern rates climbed only slightly, according to the AEA.
Full survey results are available at no charge to AEA members and include national and international shop and labor rates, benefit information, regional employment demand and business outlook.
The AEA also announced that nominations for its annual Member of the Year and Associate Member of the Year awards are due no later than January 21. The winners will be announced at the AEA International Convention & Trade Show, which takes place from March 25 to 28 in Las Vegas.