‘Red Hot’ Bizav Maintenance Market Set To Soar

 - September 10, 2008, 12:17 PM

Consulting firm AeroStrategy sees a huge bump in business aircraft maintenance needs by 2012, due mainly to large numbers of deliveries during recent years and growth in sales of business jets outside the U.S. The global business aviation maintenance market currently totals about $7 billion a year, split among components ($2.1 billion); engines ($1.8 billion); airframe ($1.6 billion); and modifications ($1.5 billion, but not including completions). The current annual utilization rate of the business aviation fleet is about 10 million hours. “More than 5,000 business aircraft have been delivered within the last five years,” according to AeroStrategy. “The expected maintenance requirements of this enormous cohort means business aviation [maintenance] will ride a demographic wave, reaching $9.5 billion (in constant dollars) by 2012, an annual growth rate of 6.2 percent for the 2007-2012 time frame.” The network of maintainers that keep the business aviation fleet flying will have to adapt, said AeroStrategy. “Suppliers that recognize the opportunities and invest proactively will prosper in a target-rich environment.”