Aircraft Dismantling Market To Reach $80M in 2014
The global market value of the aircraft dismantling services market is set to reach $80 million this year, according to an industry study by TeamSAI Consulting, conducted in partnership with the Aircraft Fleet Recycling Association (Afra).
A rapid increase in the number of aircraft reaching the end of their economic life presents considerable opportunities for the aircraft dismantling and recycling industry. Between 1,200 and 1,800 aircraft are expected to be torn down over the next three years. The study also found that close to $3.2 billion worth of harvested parts will be made available to the commercial aviation supply chain in the form of aftermarket parts annually, offering savings of approximately 50 percent compared with new OEM parts.
Martin Fraissignes, Afra’s executive director, said, “As our sector grows, it is increasingly clear that it is not just about having enough dismantling and recycling capacity; it must be the right capacity. Hence Afra’s commitment to ensuring that as many companies as possible agree to follow our Best Management Practice Guide and secure Afra accreditation so that aircraft owners know with certainty that their assets will be dealt with in the most environmentally responsible manner.”