MRO Market Update & Industry Trends

Size: px
Start display at page:

Download "MRO Market Update & Industry Trends"

Transcription

1 October 18-20, 2016 Amsterdam, Netherlands Presented by: Jonathan M. Berger Vice President Aerospace & MRO Advisory MRO Market Update & Industry Trends 0

2 Today s Agenda Bizarro Aviation MRO Forecast Trend Watch: Aircraft Cabin Interiors New Technology Aircraft Virtual Reality 1 1

3 Bizarro Aviation 2 2

4 Four external macro-economic forces are having a significant impact on the aviation industry and the MRO supply chain The CRABS Source: ICF analysis 3 3

5 The dramatic increase in oil & gas market supply and reduced demand for commodities has led to a strong US Dollar FOREX Impact Partially offsets the positive impact of low fuel costs for operators Increases the cost of dollar based flight hour agreements (and parts/material in general) Cost of labor for in-country MROs is cheaper driving up margins for US dollar based contracts Buying/leasing aircraft becomes more expensive The CRABS : Countries with economies that are heavily dependent on commodity exports 10% 0% -10% -20% -30% -40% -50% Russian Ruble -37.6% R Global Currency Exchange Rates vs USD % Value Change, September 2014 September 2016 Brazilian Real -24.6% B S. African Rand -19.1% S Can Dollars -15.3% C Aus Dollars -12.5% A Euro -11.7% Indian Rupee -7.8% Chinese Yuan -7.8% Source: USForex, ICF analysis 4 4

6 Commercial aircraft OEM production backlog remains at historical record levels driven by: Order Backlog 16,000 Commercial Aircraft OEM Production Backlog Backlog/ % Active Fleet 70% Emerging market growth 14,000 60% Low interest rates 12,000 50% Previously high oil and commodity prices Introduction of new technology aircraft/engines 10,000 8,000 6,000 4,000 40% 30% 20% 2,000 10% 0 0% Source: CAPA, ICF Analysis 5 5

7 Low fuel costs appear to be reversing aircraft retirements trends # Retirements 1,200 Commercial Air Transport Annual Aircraft Retirements % Installed Fleet 3.5% Industry Impact: MRO Suppliers - Positive: Increased spend on older airframes & engines Surplus Market - Negative: Reduced part-out feed stock - OEMs: Improved new part sales - Distributors: Improved used part values / pricing - Operators: Increased material costs 1, Average: 203 Retirement as % of installed fleet Average: % 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% Source: CAPA, Airline Monitor, ICF analysis 6 6

8 Airline return on invested capital (ROIC) is clearly correlated with the drop in fuel costs % of Airline Operating Expenses 40% Fuel Price as a % of Airline Operating Expenses Crude Oil Price/BBL % % 10% 17% 22% 28% 30% 36% 28% 28% 31% 33% 33% 32% 28% 20% % 0 Source: IATA, ICF Analysis 7 7

9 Airline return on invested capital (ROIC) is clearly correlated with the drop in fuel costs Fuel Price and Global Airline Return On Invested Capital (ROIC) Jet Fuel Price ($/barrel) Airline ROIC (%) $140 $120 Jet Fuel Price 12.0% 10.0% $100 $80 $60 $40 $20 $0 Airline ROIC $$$ 8.0% 6.0% 4.0% 2.0% 0.0% Source: IATA, ICF Analysis 8 8

10 Driven by low fuel costs and consolidation, airline the industry is on target to achieve record profitability in 2016 of almost $40B USD These are the good old days: - for some airlines $USD Billions $40 $30 $20 Global Airline Profitability, F $39.4B Africa, ($0.5B) Latin America, $0.1B Middle East, $1.6B Asia Pacific, $7.8B $10 $0 Europe, $7.5B North America, $22.9B -$10 -$20 -$30 Source: IATA, ICF analysis 9 9

11 However, profit margin improvement has been largely limited to carriers in North America and Europe but not all many airlines continue to struggle 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -1.8% 3.4% 15.4% Global Airline EBIT Margin by Region -4.7% 4.7% 8.4% 0.1% 0.7% 5.6% 2.3% 2.6% 3.0% 2.8% 1.5% 1.0% F -0.4% -0.9% -1.1% -10.0% Source: IATA, ICF Analysis 10 10

12 Brexit has clearly had an impact on European airline stock performance; specifically UK based carriers Share Performance of European Airlines Since Brexit Easy Jet, -41.5% 23 June October 2016 IAG, -28.1% Air France-KLM, -24.8% Wizz, -23.2% Norwegian, -16.5% Ryan Air, -16.2% Lufthansa, -15.2% SAS, -6.3% -50% -40% -30% -20% -10% 0% Source: Company websites 11 11

13 Follow the Money: Airlines are spending their hard earned profits in three primary areas Debt Repayments 16% Airline Profit Spend Analysis Stock Buy- Back & Dividends 26% 1. Labor ~ 20%: Profit sharing Wage increases 2. Capex ~ 38%: Fleet renewal & cabin upgrades Facilities, offices, lounges Equity partner investments Other capex 10% Investors, 42% Capex, 38% Labor, 20% Profit Sharing 15% 3. Investors ~ 42%: Stock buy-backs Dividends Debt repayment Equity Investments 5% Fleet 23% Wage Increases 5% Source: Company Reports, ICF Analysis 12 12

14 After positive signs in 2014, air cargo supply continues to exceed demand Global Freight Traffic (FTK) and Capacity Growth (AFTK) Year-Over-Year Percent Change 8% Traffic (FTK) Capacity (AFTK) 6.3% 6% 6.0% 5.4% 6.3% 4% 3.7% 5.0% - $$$ 2% 0% 0.4% 3.0% 0.6% 2.3% 2.1% -2% -0.9% Source: IATA, ICF Analysis 13 13

15 Amazon is very well positioned to lead a major disruption of the air cargo industry $B USD $40 $35 $30 $25 $20 $15 $10 $5 $0 Amazon s Growing Revenue & Shipping Costs Amazon Quarterly Revenue 14% 12% 10% 8% 6% 4% 2% 0% Shipping Costs as a Percentage of Revenue Source: Amazon SEC Filings 14 14

16 March of the Middle East Titans: European Secondary Airports Average Number of Seats per Departure in 2016 Middle East carriers have been very effective in capturing valuable business passenger traffic from European secondary airports Gulf Carriers Non-Gulf Carriers Lufthansa s Frankfurt hub has lost nearly a 3 rd of its market share on routes between Europe and Asia since 2005, with more than three million people now flying annually via Gulf hubs The Economist Source: OAG Data, ICF Analysis 15 15

17 MRO Forecast 16 16

18 The current commercial air transport fleet consists of over 27K aircraft; over half are narrowbody aircraft Turboprop Widebody Jet Regional Jet 14% 14% 19% 2015 Global Commercial Air Transport Fleet 27,114 Aircraft Narrowbody Jet 53% Europe Latin America Middle East 25% 8% 5% 5% 27,114 Aircraft 27% North America 31% Asia Pacific By Aircraft Type By Global Region Source: CAPA

19 The combination of strong air travel demand and the need to replace ageing aircraft will drive fleet growth at a healthy 3.4% annually # Aircraft 40,000 35,000 30,000 25, Year Global Air Transport Fleet Growth Africa Middle East Latin America Europe Asia Pacific North America 27,100 5% 8% 37,900 6% 8% 23% CAGR 5.1% 5.3% 3.8% 2.5% 20,000 25% 15,000 10,000 27% 32% 5.2% 5,000 31% 26% 1.6% % Avg. Source: ICF analysis: CAPA

20 Current commercial air transport MRO demand is $64.3B; with Asia equivalent to North America and Europe in market size Airframe Line 17% 2015 Commercial Air Transport Global MRO Demand 14% Modifications 7% $64.3B 22% Components Engines 40% Middle East Europe Latin America 26% Africa 6% 4% 8% $64.3B 28% 29% North America Asia Pacific By MRO Segment By Global Region Source: ICF analysis; Forecast in 2015 $USD, exclusive of inflation 19 19

21 The global MRO market is expected to grow by 4.1% per annum to $96B by Year Global Commercial Air Transport MRO Demand Growth $USD Billions $100 $90 $80 Modifications Airframe Line Component Engine $96.0B 13% CAGR 5.3% 2.8% Engine and component MRO markets remain the largest segments Modifications market will see the strongest growth (e.g. interiors, connectivity) Airframe market slows due to reduced man-hour intensity and increased check intervals as new fleets are introduced $70 $60 $50 $40 $30 $20 $10 $0 $64.3B 16% 14% 22% 17% 22% 41% 40% % 4.3% 4.4% 4.1% Avg. Source: ICF analysis; Forecast in 2015 $USD, exclusive of inflation 20 20

22 The current European fleet consists of over 6,700 aircraft; with almost 60% consisting of narrowbody Turboprop Widebody Jet Regional Jet 12% 18% 2015 European Commercial Air Transport Fleet 11% 6,746 Aircraft Narrowbody Jet 59% Others 21% Spain 5% 6,746 Aircraft 6% 6% Ireland France United Kingdom 28% 7% 17% 11% Turkey Russia Germany By Aircraft Type By Country Source: CAPA

23 The European MRO market is expected to grow to approx. $21.3B by 2025, at 2.3% per annum Modifications is the fastest growing MRO segment in Europe MRO spend on engines will experience the largest absolute growth $USD Billions $25 $20 $15 $10 10-Year Global European MRO Demand Growth Modifications Airframe Line Component Engine $17.0B 7% 15% 16% 22% $21.3B 8% 13% 17% 23% CAGR 3.0% 1.0% 2.5% 2.7% $5 39% 39% 2.3% $ % Avg. Source: ICF analysis; Forecast in 2015 $USD, exclusive of inflation 22 22

24 Trend Watch: A New Golden Age of Aircraft Cabin Interiors 23 23

25 Modifications growth is driven by airlines seeking differentiation in the cabin and customer experience MRO modification market growth drivers include: Premium lie-flat seats are now the minimum standard Premium economy Wi-fi, on-board connectivity Coming soon: ADS-B Mod program Capacity (ASM/K) increase Commercial Air Transport Modifications Forecast $USD Billions $8 $7 $6 $5 $4 $3 $2 $1 AD/SB** PTF Conversions* Painting Avionics Upgrades Interiors $4.4B $0.3 $0.4 $0.4 $0.6 $2.7 $7.4B $0.5 $0.4 $0.5 $1.1 $4.9 CAGR 3.6% 0.0% 3.7% 6.9% 5.9% $0 Modifications demand includes labor and material spend *Passenger-To-Freighter Conversions **Airworthiness Directives / Service Bulletins Source: ICF analysis, constant 2015 US$ % Avg

26 Cabin densification has emerged as cost effective strategy for airlines to increase capacity and drive bottom line growth Capacity Bridge 2015 ASMs Fleet Growth 6.2T 84% Example: Delta A320 Interior Modification Program Total = 150 Seats 12 Seats 16 Seats 18 Seats Total = 164 Seats 18 Seats Cabin Upgrades: Slim seats Slim lavatories Longer Stage Lengths 8% 120 Seats 130 Seats Slim galleys Slim coat closets Increased Seat Density 8% 2025 ASMs 8.8T Available Seat-Miles (ASMs), Trillions New seats, outlets, IFE, overhead bins Space-saving galleys to add a row of seats Source: ICF analysis, delta.com 25 25

27 Trend Watch: New Technology Aircraft 26 26

28 Over the next decade, the global fleet of new generation aircraft fleet will grow by approx. 531% to nearly 19,000 aircraft 22, Year Fleet Forecast by Aircraft Generation 18,487-17% -70% Old Gen Mid Gen New Gen 5,689 4,487-21% -74% 2,993 18, % 612 4, % Global Europe Old Gen: 727, 737 Classic, 747 Classic, DC10, L1011, A300 Mid Gen: 757, 767, , A320 Family, A330/A340, 737NG, 777, ERJ, CRJ New Gen:, 777X, 787, A350, A330neo, A380, E170/175/190/195, CRJ-7/9/1000, 737MAX Source: ICF analysis 27 27

29 Over the next decade, MRO spend on new technology Airbus A350 & Boeing 787 aircraft will double every three years 10-Year MRO Spend for New Technology A350 and 787 Aircraft $ USD Billions Africa Latin America Middle East North America Europe Asia Pacific $3.3 $4.4 $ % $5.8 $0.46 $7.1 $0.47 $8.4 $0.52 $9.7 $0.53 $11.1 $0.62 $0.5 $1.0 $1.6 $ Source: ICF analysis; Forecast in 2015 $USD, exclusive of inflation, includes Boeing 787 and Airbus A

30 New technology aircraft challenge traditional MRO sourcing strategies 12 Year Heavy Maintenance Schedule 767 A/C Age Return on investment challenges: = Light C-Check = Heavy C-Check Volume (C-checks) Impact Intensity (man-hours) Days (Hangar) Facilities , Tooling & Equipment , Training IT Systems Cost Savings: ~65% fewer routine airframe heavy maintenance man-hours drives an estimated savings of ~$3.5M Asset Utilization: ~90 additional available flying days enables increased revenue generation potential *Based on 4,000 FH/yr utilization 767 C-check = 18mo, 4C = 72mo; 787 C-check = 36mo, 4C = 144mo Assumed industry standard labor man-hour rate Aircraft out of Service (AooS) calculated for C/4C/8C checks assuming industry standard MRO hangar productivity Source: ICF analysis 29 29

31 Challenge: How best to realize value from the disparate terabytes of data generated by new technology aircraft Aircraft Health Monitoring and Data Generation Outlook ~ 28MB 767: 10,000 ~ 137TB A320: 15,000 Stakeholder Battle: Who will control and benefit most from the operating data IP? Operators B787: 100,000 < 1MB ~1,100% ~11TB Lessors Yr 1 Yr 10 OEMs MRO Suppliers Number of AHM Parameters Transmittable Data (MB/Flt) A/C Data Generated (TB/Year) Source: ICF analysis 30 30

32 ICF believes that virtual reality (VR) technology will be as disruptive to MRO training as 3Dprinting is to parts manufacturing Training 2.0: Virtual Reality 31 31

33 October 18-20, 2016 Amsterdam, Netherlands THANK YOU! For questions regarding this presentation, please contact: Jonathan M. Berger Vice President Aerospace & MRO Advisory

34 ICF provides a full range of Aerospace & MRO advisory services Market Research & Analysis Airline Maintenance Benchmarking M&A Commercial Due Diligence OEM Aftermarket Strategy Aviation Asset Valuations & Appraisals MRO Information Technology (IT) Advisory Strategic Sourcing & Supply Chain Mgt. LEAN Continuous Process Improvement Military Aircraft Sustainment 33 33

35 ICF is one of the world s largest and most experienced aviation and aerospace consulting firms Airports Airlines Aerospace & MRO Aircraft 53 years in business (founded 1963) 80+ professional staff Dedicated exclusively to aviation and aerospace Blend of consulting professionals and experienced aviation executives Specialized, focused expertise and proprietary knowledge Broad functional capabilities More than 10,000 private sector and public sector assignments Backed by parent ICF International (2015 revenue: 1.13 billion USD) Global presence offices around the world joined in 2007 joined in 2011 joined in 2012 joined in 2014 New York Boston Ann Arbor London Singapore Beijing Hong Kong 34

MRO Market Update & Industry Trends

MRO Market Update & Industry Trends January 25-26, 2017 Cancun, Mexico Presented by: Jonathan M. Berger Vice President ICF jberger@icf.com MRO Market Update & Industry Trends 0 Today s Agenda Fleet & MRO Forecast 2016: What a long strange

More information

Gorham PMA Conference San Diego, CA March, 2016

Gorham PMA Conference San Diego, CA March, 2016 Gorham PMA Conference San Diego, CA 21-23 March, 2016 Presented by: Michael J. Howard Principal ICF International mhoward@icfi.com PMA Forecast and Market Trends 0 Today s Agenda MRO Forecast Meet the

More information

The MRO Market & Key Trends

The MRO Market & Key Trends The MRO Market & Key Trends 11 July 2017 Reston, VA Richard Brown Principal richard.brown@icfi.com Today s Agenda 1. Industry Context 2. MRO Market 3. Trends to watch 2 Industry Context 3 INDUSTRY CONTEXT

More information

MRO Asia 2012 Market Forecast and Key Trends

MRO Asia 2012 Market Forecast and Key Trends MRO Asia 2012 Market Forecast and Key Trends Presented by: David Stewart Head of Aviation and Aerospace EMEA david.stewart@icfi.com AVIATION WEEK - MRO ASIA Singapore, November 2012 0 Today s Agenda Economic

More information

Air Transport MRO & PMA Market Forecast and Key Trends

Air Transport MRO & PMA Market Forecast and Key Trends Air Transport MRO & PMA Market Forecast and Key Trends Presented by: Michael Howard, Principal ICF SH&E michael.howard@icfi.com Gorham PMA Parts & DER Repairs San Diego, March 2013 0 Today s Agenda MRO

More information

Logistics Beyond Transportation

Logistics Beyond Transportation Presented by: David Stewart Vice President, ICF International david.stewart@icfi.com Logistics Beyond Transportation 3 November 2015 - Singapore ICF International icfi.com ICF 2015 0 ICF International

More information

Retirements and Inductions How are Fleet Demographics Changing?

Retirements and Inductions How are Fleet Demographics Changing? Retirements and Inductions How are Fleet Demographics Changing? Aviation Week Network: Aero-Engines Americas February 1, 218: Fort Lauderdale, USA TODAY S AGENDA Historic Commercial Air Transport Fleet

More information

Presented by Michael Howard 28 October 2010 Las Vegas, Nevada

Presented by Michael Howard 28 October 2010 Las Vegas, Nevada Presented by Michael Howard 28 October 2010 Las Vegas, Nevada MARPA 2010 Annual Conference Ann Arbor, Michigan Amersham, United Kingdom Singapore www.aerostrategy.com MARPA 2010 ANNUAL CONFERENCE AGENDA

More information

Commercial Aero-Engine Market Analysis & Update

Commercial Aero-Engine Market Analysis & Update Commercial Aero-Engine Market Analysis & Update Aviation Week Network: Engine Leasing, Trading & Finance May 2-3, 2018: London, UK COMPANY INTRODUCTION Alton Aviation Consultancy is a boutique consulting

More information

executive summary The global commercial aircraft fleet in service is expected to increase by 80% to 45,600 aircraft in 2033 including 37,900

executive summary The global commercial aircraft fleet in service is expected to increase by 80% to 45,600 aircraft in 2033 including 37,900 executive summary The 2014 Flightglobal Fleet Forecast estimates that 36,820 new commercial jet and turboprop aircraft will be delivered into passenger and freighter airline service between 2014 and 2033.

More information

Worldwide Fleet Forecast

Worldwide Fleet Forecast Worldwide Fleet Forecast Presented to: Montreal June 6, 26 DAVID BECKERMAN Director, Consulting Services Agenda State of the Industry Worldwide Fleet Regional Jets Narrowbody Jets Large Widebody Jets Freighter

More information

TURBULENCE AHEAD DISENGAGE THE AUTOPILOT GLOBAL FLEET & MRO MARKET FORECAST

TURBULENCE AHEAD DISENGAGE THE AUTOPILOT GLOBAL FLEET & MRO MARKET FORECAST TURBULENCE AHEAD DISENGAGE THE AUTOPILOT 2015-2025 GLOBAL FLEET & MRO MARKET FORECAST Tuesday, October 13 th 2015 Christopher Doan Vice President Oliver Wyman acquired TeamSAI and integrated the business

More information

Air Transport Industry

Air Transport Industry Air Transport Industry Structure, Economics, Operations Northwestern University Transportation Center April 28, 2016 Peter L. Smith Context The Presenter BA Harvard, MST Northwestern, MBA Foster School

More information

THE MRO MARKET & KEY TRENDS

THE MRO MARKET & KEY TRENDS THE MRO MARKET & KEY TRENDS 31 October 2017 Singapore Richard Brown Principal richard.brown@icf.com ICF 2017 Industry Context MRO Forecast Trends to Watch Agenda 31/10/2017 2 Industry Context 31/10/2017

More information

AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT

AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 2 Crane Aerospace & Electronics Industry Leader

More information

Airbus. Tom Enders Airbus. 15 & 16 December 2011

Airbus. Tom Enders Airbus. 15 & 16 December 2011 Airbus Tom Enders Airbus Global Investor Forum Global Investor Forum 15 & 16 December 2011 Safe Harbour Statement 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates,

More information

Market Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA

Market Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA Market Outlook Michael Warner Director, Market Analysis Boeing Commercial Airplanes October 2012 Agenda Aviation environment Current products Product strategy & development 2012 719 net orders through

More information

AVIATION MAINTENANCE INDUSTRY OUTLOOK & ECONOMIC IMPACT

AVIATION MAINTENANCE INDUSTRY OUTLOOK & ECONOMIC IMPACT AVIATION MAINTENANCE INDUSTRY OUTLOOK & ECONOMIC IMPACT MARCH 16, 2017 David A. Marcontell General Manager CAVOK, a division of Oliver Wyman 1003 Virginia Ave, Suite 300 Atlanta, GA 30354 Direct: +1 404

More information

The Power of Little Data and the Evolution of MRO Maintenance Cost Conference

The Power of Little Data and the Evolution of MRO Maintenance Cost Conference The Power of Little Data and the Evolution of MRO Maintenance Cost Conference September 13-15, 2017: Panama City, Panama TODAY S AGENDA Evolution of MRO vs. Summary & Conclusion 1 lit tle da ta Noun: Little

More information

September 2010 Brian Pearce To represent, lead and serve the airline industry

September 2010 Brian Pearce   To represent, lead and serve the airline industry Cycle turns up but risks and structural challenges remain September 2010 Brian Pearce www.iata.org/economics To represent, lead and serve the airline industry Confidence was still high in July survey Airline

More information

Global commercial airline industry outlook March 2013 update

Global commercial airline industry outlook March 2013 update Global commercial airline industry outlook March 213 update Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Monthly RPK (Billions) Monthly FTK (Billions)

More information

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*

Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections* 1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there

More information

BUSINESS AVIATION MARKET OUTLOOK

BUSINESS AVIATION MARKET OUTLOOK BUSINESS AVIATION MARKET OUTLOOK Presented by: Michael Holland Manager mholland@icfi.com Aerospace Raw Materials Conference April 24, 2012 Pittsburgh, PA 0 Agenda Trends Driving Business Aviation Production

More information

Cost Pressures Build On Component MRO

Cost Pressures Build On Component MRO Lufthansa Technik New engineering solutions are one way to meet customers expectations about repair costs. MAINTENANCE, REPAIR & OVERHAUL > COMPONENTS Cost Pressures Build On Component MRO Component MRO

More information

IATA ECONOMIC BRIEFING FEBRUARY 2007

IATA ECONOMIC BRIEFING FEBRUARY 2007 IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from

More information

World Fleet Forecast. Dick Forsberg September, 2014

World Fleet Forecast. Dick Forsberg September, 2014 World Fleet Forecast 214 233 Dick Forsberg September, 214 Dick Forsberg Head of Strategy, Avolon Dick Forsberg has over 4 years aviation industry experience, working in a variety of roles with airlines,

More information

Steve Hahn. Current Market Outlook. Director, Japan Enterprise Technology Programs. Boeing Commercial Airplanes July 2014.

Steve Hahn. Current Market Outlook. Director, Japan Enterprise Technology Programs. Boeing Commercial Airplanes July 2014. Current Market Outlook 2015 Boeing Commercial Airplanes July 2014 The statements contained herein are based on good faith assumptions and are to be used for general information purposes only. These statements

More information

Global economy and aviation do we have room to grow?

Global economy and aviation do we have room to grow? Global economy and aviation do we have room to grow? 18 January 2017 Brian Pearce Chief Economist, IATA Airline Industry Economics Advisory Workshop 2016 1 Room to grow? Looking through the cycle Potential

More information

Airline financial performance

Airline financial performance Airline financial performance 30 March 2017 Brian Pearce Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 The air transport paradox Source: McKinsey presentation

More information

Commercial aviation. Market outlook, key trends driving growth and implications for airports. Dave Gamrath BCA Marketing.

Commercial aviation. Market outlook, key trends driving growth and implications for airports. Dave Gamrath BCA Marketing. Commercial aviation Market outlook, key trends driving growth and implications for airports Dave Gamrath BCA Marketing June 2014 BOEING is a trademark of Boeing Management Company. Copyright 2014 Boeing.

More information

Valuation Implications of Aircraft Life Cycle. Bruce Burnett AVITAS June 8, 2015

Valuation Implications of Aircraft Life Cycle. Bruce Burnett AVITAS June 8, 2015 Valuation Implications of Aircraft Life Cycle Bruce Burnett AVITAS June 8, 2015 Contents AVITAS Who Are We? Oil Prices Global Fleet Forecast Fleet Trends Parting Out Aircraft Market Demand Factors Future

More information

CLINGING TO THE PAST OCTOBER Presented by: Brian Prentice. AVIATION, AEROSPACE & DEFENSE Oliver Wyman

CLINGING TO THE PAST OCTOBER Presented by: Brian Prentice. AVIATION, AEROSPACE & DEFENSE Oliver Wyman CLINGING TO THE PAST OCTOBER 2017 Presented by: Brian Prentice AVIATION, AEROSPACE & DEFENSE Oliver Wyman s Aviation, Aerospace & Defense practice is the largest and most capable consulting team dedicated

More information

MID-AGE AIRCRAFT 2017 LEASE HIGH YIELD MID-AGE AIRCRAFT LEASE AND TECHNICAL RISKS

MID-AGE AIRCRAFT 2017 LEASE HIGH YIELD MID-AGE AIRCRAFT LEASE AND TECHNICAL RISKS MID-AGE AIRCRAFT 2017 LEASE HIGH YIELD MID-AGE AIRCRAFT LEASE AND TECHNICAL RISKS TODAY S PRESENTER 2 TOMAS SIDLAUSKAS Vice President Sales & Member of the Management Board Joined the Group in 2013, is

More information

Growing Horizons Global Market Forecast

Growing Horizons Global Market Forecast Growing Horizons Global Market Forecast 2017-2036 John Leahy Chief Operating Officer, Customers Global Market Forecast 2017: Highlights World Fleet Forecast 2016 2036 RPK (trillions) 7.0 16.5 vs. GMF16

More information

AerCap Holdings N.V. Aengus Kelly, CEO. January 2017

AerCap Holdings N.V. Aengus Kelly, CEO. January 2017 AerCap Holdings N.V. Aengus Kelly, CEO January 2017 Industry Update Looking Back PASSENGER TRAFFIC GROWTH Air traffic growth in 2016 remained robust, short-haul at 5.6% and long-haul at 6.4% 1 CHINA SLOWING

More information

Latin American MRO Industry Trends & Market Forecast. Panama City, Panama February 14, 2018

Latin American MRO Industry Trends & Market Forecast. Panama City, Panama February 14, 2018 Latin American MRO Industry Trends & Market Forecast Panama City, Panama February 14, 2018 TODAY S AGENDA 2017 Reflections Alton Fleet & MRO Forecast Latin American Market Update Alton Watch List - 2018

More information

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes June 2017. The statements contained herein are based on good faith assumptions are to be used for general information purposes only.

More information

Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev

Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev Introduction: Airline Industry Overview Dr. Peter Belobaba Presented by: Alex Heiter & Ali Hajiyev Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule

More information

Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ):

Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ): Industry Research by Koncept Analytics Global Commercial Aircraft MRO Market (Maintenance, Repair & Overhaul ): Industry Analysis & Outlook ----------------------------------------- (2018-2022) January

More information

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes July 2010

Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes July 2010 CURRENT MARKET OUTLOOK Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes July 2010 BOEING is a trademark of Boeing Management Company. Copyright 2010 Boeing. All rights reserved. The

More information

2012 Result. Mika Vehviläinen CEO

2012 Result. Mika Vehviläinen CEO 2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to

More information

Aviation industry outlook

Aviation industry outlook Euro Aviation ICT Forum Thursday 29 October, 2015 Divani Caravel Hotel, Athens Aviation industry outlook Jonathan Wober, Chief Financial Analyst The leading independent supplier of global aviation knowledge

More information

MRO Opportunities and Challenges For OEMs. Insert Title Here. Insert Bullet Text Level 1 Here. Insert Bullet Text Level 2 Here

MRO Opportunities and Challenges For OEMs. Insert Title Here. Insert Bullet Text Level 1 Here. Insert Bullet Text Level 2 Here Insert Title Here MRO 2020 Opportunities and Challenges For OEMs Dr. Kevin Michaels 31st Annual Commercial Aerospace Suppliers Conference 14 March 2017 Beverley Hills, CA 0 Insert Title Here Agenda Historical

More information

American Airlines Group Inc.

American Airlines Group Inc. American Airlines Group Inc. Bank of America Merrill Lynch 2018 Transportation Conference Derek Kerr Chief Financial Officer Cautionary Statement Regarding Forward-Looking Statements and Information This

More information

Aircraft industry takes off while air transport remains grounded

Aircraft industry takes off while air transport remains grounded Aircraft industry takes off while air transport remains grounded Ludovic Subran, Chief Economist Aéronautique: l industrie en mode supersonique, le transport en mode planeur Yann Ludovic Subran, Lacroix,

More information

Line Maintenance Challenges & Opportunities. October 3-5, 2017: London, United Kingdom

Line Maintenance Challenges & Opportunities. October 3-5, 2017: London, United Kingdom Line Maintenance Challenges & Opportunities October 3-5, 2017: London, United Kingdom TODAY S AGENDA The Multiple Hats of Line Maintenance Line Maintenance Market Demand Make/Buy Considerations To Phase

More information

Airline financial performance and longterm developments in air travel markets

Airline financial performance and longterm developments in air travel markets Airline financial performance and longterm developments in air travel markets March 2018 Brian Pearce, Chief Economist, IATA www.iata.org/economics % of invested capital Investor returns falling but above

More information

American Airlines Group Inc.

American Airlines Group Inc. American Airlines Group Inc. Deutsche Bank Leveraged Finance Conference October 4, 2017 Tom Weir Vice President, Treasurer Cautionary Statement Regarding Forward-Looking Statements and Information This

More information

Boeing Commercial Airplanes

Boeing Commercial Airplanes May 2014 Investor Conference Boeing Commercial Airplanes Ray Conner President and Chief Executive Officer Boeing Vice Chairman May 21, 2014 Boeing Commercial Airplanes Strong operating performance Record

More information

John Schubert Managing Director Asia Pacific & India Marketing

John Schubert Managing Director Asia Pacific & India Marketing John Schubert Managing Director Asia Pacific & India Marketing September 2017. The statements contained herein are based on good faith assumptions are to be used for general information purposes only.

More information

Gregg Gildemann Market Analysis

Gregg Gildemann Market Analysis Gregg Gildemann Market Analysis Boeing Commercial Airplanes 20 February 2018 The statements contained herein are based on good faith assumptions are to be used for general information purposes only. These

More information

Global Market Forecast

Global Market Forecast Presentation by: Bob Lange SVP, Market & Product Strategy Global Market Forecast 2013-2032 Drivers for Growth Topics The Market Today & forecast (GMF) Airbus product response Air travel has proved to be

More information

IATA ECONOMICS BRIEFING

IATA ECONOMICS BRIEFING IATA ECONOMICS BRIEFING NEW AIRCRAFT ORDERS A POSITIVE SIGN BUT WITH SOME RISKS FEBRUARY 26 KEY POINTS 25 saw a record number of new aircraft orders over 2, for Boeing and Airbus together even though the

More information

Maximizing Economic Benefits of Aviation in the Region

Maximizing Economic Benefits of Aviation in the Region Maximizing Economic Benefits of Aviation in the Region Boubacar Djibo Director, Air Transport Bureau, ICAO Georgetown, Guyana 21 November 2018 Preamble. THEREFORE, the undersigned governments having agreed

More information

The Civil Aviation Sector as a Driver for Economic Growth in Egypt

The Civil Aviation Sector as a Driver for Economic Growth in Egypt The Civil Aviation Sector as a Driver for Economic Growth in Egypt EDSCA Conference Cairo, November 10, 2013 Agenda 1. Facts and figures 2. Socio-economic impact of the civil aviation sector 3. Options

More information

2019 Airline Economics Growth Frontiers Dublin. Steven F. Udvar-Házy Executive Chairman

2019 Airline Economics Growth Frontiers Dublin. Steven F. Udvar-Házy Executive Chairman 2019 Airline Economics Growth Frontiers Dublin Steven F. Udvar-Házy Executive Chairman January 21, 2019 Forward Looking Statements Statements in this presentation that are not historical facts are hereby

More information

current market outlook

current market outlook current market outlook Randy Tinseth Vice President, Marketing Boeing Commercial Airplanes June 2011 The statements contained herein are based on good faith assumptions and provided for general information

More information

Citi Industrials Conference

Citi Industrials Conference Citi Industrials Conference June 13, 2017 Andrew Levy Executive Vice President and Chief Financial Officer Safe Harbor Statement Certain statements included in this presentation are forward-looking and

More information

H1 FY2015/16 Performance Review

H1 FY2015/16 Performance Review 1 H1 FY2015/16 Performance Review 2 Financial Review Summary of Group Results 1H FY1516 1H FY1516 1H FY1415 Variance $M $M % Revenue 543.3 579.3-6.2 Expenditure 495.4 542.7-8.7 Operating profit 47.9 36.6

More information

OUTLINE OF JAL GROUP MEDIUM RANGE CORPORATE PLAN FOR THE YEARS 2004 THROUGH 2006

OUTLINE OF JAL GROUP MEDIUM RANGE CORPORATE PLAN FOR THE YEARS 2004 THROUGH 2006 OUTLINE OF JAL GROUP MEDIUM RANGE CORPORATE PLAN FOR THE YEARS 2004 THROUGH 2006 Tokyo March 10, 2004: FY2003 business has been badly affected in terms of demand and on revenue by the negative impact of

More information

AIRBUS H Roadshow Presentation. New York July 31 st, 2017

AIRBUS H Roadshow Presentation. New York July 31 st, 2017 AIRBUS H1 2017 Roadshow Presentation New York July 31 st, 2017 H1 2017 HIGHLIGHTS 2 Healthy commercial aircraft environment; robust backlog of 6,771 a/c supports ramp-up plans H1 financials reflect delivery

More information

Effective and Efficient Inventory Strategies

Effective and Efficient Inventory Strategies Moderated by: Klaus Mueller Senior Advisor, Aerospace & MRO Practice ICF International Effective and Efficient Inventory Strategies MRO Europe 14 October 2015 London, UK 0 Panel Track Supply Chain & Logistics,

More information

Interim results. 11 May 2010

Interim results. 11 May 2010 Interim results 11 May 2010 Introduction Andy Harrison Chief Executive Officer Strong performance despite disruption Improvement in revenue, margins and cash Continued network improvement has driven better

More information

AerCap Holdings N.V. Keith Helming Chief Financial Officer. Wachovia Securities Equity Conference June 23, 2008

AerCap Holdings N.V. Keith Helming Chief Financial Officer. Wachovia Securities Equity Conference June 23, 2008 AerCap Holdings N.V. Keith Helming Chief Financial Officer Wachovia Securities Equity Conference June 23, 2008 Forward Looking Statements & Safe Harbor This presentation contains certain statements, estimates

More information

Aviation Updates. Mr. John Schubert. Managing Director, Marketing-Asia Pacific & India

Aviation Updates. Mr. John Schubert. Managing Director, Marketing-Asia Pacific & India Aviation Updates Mr. John Schubert Managing Director, Marketing-Asia Pacific & India Market Update The statements contained herein are based on good faith assumptions are to be used for general information

More information

1 st Half FY17/18 FY17/18

1 st Half FY17/18 FY17/18 SIA SIA ENGINEERING ENGINEERING COMPANY COMPANY 1 st Half Performance Performance Review Review 1 2 SIA ENGINEERING COMPANY Financial Review Financial Highlights The Group posted a net profit of $184.1M

More information

Mr. Adel Al-Banwan Deputy CEO

Mr. Adel Al-Banwan Deputy CEO The 8th Forum for Listed Companies and Analysts ALAFCO Aviation Lease and Finance Co. Mr. Adel Al-Banwan Deputy CEO (18 th April 2016) ALAFCO Aviation Lease and Finance Company K.S.C.P. ALAFCO Aviation

More information

Airline Current Business Environment Alex Heiter

Airline Current Business Environment Alex Heiter Airline Current Business Environment Alex Heiter Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 2: 28 March 2016 The underlying

More information

Thank you for participating in the financial results for fiscal 2014.

Thank you for participating in the financial results for fiscal 2014. Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots

More information

GECAS A B O V E & B E Y O N D

GECAS A B O V E & B E Y O N D GECAS A B O V E & B E Y O N D Offering the widest range of aircraft types and financing solutions in the industry More than 270 clients call us partner from startup and regional airlines to national flag

More information

ALAFCO Aviation Lease And Finance Co. KSCC

ALAFCO Aviation Lease And Finance Co. KSCC Information MEMORANDUM ALAFCO Aviation Lease And Finance Co. KSCC Mr. Ahmad A. Alzabin Vice Chairman and Chief Executive Officer The 6th Forum for Listed Companies and Analysts Kuwait 20 May 2014 Core

More information

SAS Q2 2017/2018 TELECONFERENCE

SAS Q2 2017/2018 TELECONFERENCE SAS Q2 2017/2018 TELECONFERENCE 30 May 2018 Earnings as expected despite negative currency effect POSITIVES + Total revenue up MSEK 73 vs. LY + Currency adjusted yield up 0.6% vs. LY + EB-point sale revenue

More information

ALAFCO Aviation Lease And Finance Co. KSCC

ALAFCO Aviation Lease And Finance Co. KSCC Information MEMORANDUM ALAFCO Aviation Lease And Finance Co. KSCC Mr. Abulqasim Abdulghaffar Redha Acting Chief Executive Officer The 5th Forum for Listed Companies and Analysts Kuwait 20 May 2013 Why

More information

GLOBAL MRO FORECAST MRO ASIA CONFERENCE NOVEMBER 2014

GLOBAL MRO FORECAST MRO ASIA CONFERENCE NOVEMBER 2014 2014 2024 GLOBAL MRO FORECAST MRO ASIA CONFERENCE NOVEMBER 2014 UNCERTAINTY AND RISK... NAVIGATING THROUGH THE UNPREDICTABLE A LOOK BACK NAVIGATING THROUGH THE UNPREDICTABLE 2 IN 2004, TEAMSAI PREDICTED

More information

UBS 14 th Global Emerging Markets Conference. New York, November 2016

UBS 14 th Global Emerging Markets Conference. New York, November 2016 UBS 14 th Global Emerging Markets Conference New York, November 2016 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating

More information

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014

CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 CREDIT SUISSE GLOBAL INDUSTRIALS CONFERENCE DECEMBER 4, 2014 1 1 SAFE HARBOR This presentation contains statements of a forward-looking nature which represent our management's beliefs and assumptions concerning

More information

PRESENTED BY: AL WANG SENIOR MANAGER, FORECASTING & MARKET PLANNING

PRESENTED BY: AL WANG SENIOR MANAGER, FORECASTING & MARKET PLANNING EXPERT INSIGHTS AND RELIABLE INFORMATION FOR THE AVIATION INDUSTRY 28th Annual Commercial Aviation Industry Suppliers Conference March 3-5, 2014 AIRCRAFT DELIVERY AND RETIREMENT FORECASTS PRESENTED BY:

More information

OPERATING AND FINANCIAL HIGHLIGHTS

OPERATING AND FINANCIAL HIGHLIGHTS Copa Holdings Reports Financial Results for the Fourth Quarter of 2018 Excluding special items, adjusted net profit came in at $44.0 million, or Adjusted EPS of $1.04 Panama City, Panama --- February 13,

More information

Challenges of high growth: Global aviation outlook

Challenges of high growth: Global aviation outlook Challenges of high growth: Global aviation outlook Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Challenges of high growth Meeting demand for air

More information

The outlook for commercial air transport

The outlook for commercial air transport The outlook for commercial air transport Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry RPKs per month, billion Demand for air travel and cargo diverge

More information

2017 European Helicopter Market Update. Matthew Harman MRO Analyst Arlington, VA

2017 European Helicopter Market Update. Matthew Harman MRO Analyst Arlington, VA 2017 European Helicopter Market Update Matthew Harman MRO Analyst Arlington, VA Agenda Key findings on Fleet & MRO over the next 10-years 1. Scope 2. Fleet current trends, deliveries & retirements 3. MRO

More information

AEROSPACE & ELECTRONICS

AEROSPACE & ELECTRONICS AEROSPACE & ELECTRONICS BRENDAN CURRAN PRESIDENT 1 Aerospace & Electronics Overview and Results Market Outlook Technological Differentiation and Growth Summary 2 Crane Aerospace & Electronics 1904 Lear

More information

FIRST QUARTER 2017 RESULTS. 4 May 2017

FIRST QUARTER 2017 RESULTS. 4 May 2017 FIRST QUARTER 2017 RESULTS 4 May 2017 A resilient start of the year, traffic up 4.2% 20.9 million passengers carried, up 5.2%, traffic (RPK) up 4.2%, capacity (ASK) up 3.3% and load factor up 0.7pts Confirmation

More information

Airbus market forecast for India. Presented by Joost van der Heijden Head of Airline Marketing India, South-East Asia, Japan & Africa

Airbus market forecast for India. Presented by Joost van der Heijden Head of Airline Marketing India, South-East Asia, Japan & Africa Airbus market forecast for India Presented by Joost van der Heijden Head of Airline Marketing India, South-East Asia, Japan & Africa The Airbus product line A380 Family A350 Family A330 Family A320 Family

More information

US $ 1,800 1,600 1,400 1,200 1,000

US $ 1,800 1,600 1,400 1,200 1,000 IATA ECONOMIC BRIEFING JULY 9 INFRASTRUCTURE COSTS SUMMARY Historical data indicates that during recession periods infrastructure providers usually increase their prices while other prices are falling

More information

Outlook for air travel markets

Outlook for air travel markets Outlook for air travel markets June 2016 Brian Pearce Chief Economist International Air Transport Association Extended period of strong air travel market growth 30% 25% 20% 15% 10% 5% 0% -5% -10% -15%

More information

State of the Aviation Industry

State of the Aviation Industry State of the Aviation Industry Presentation to the ACI Airport Economics & Finance 10 th 11 th February London, United Kingdom Laurie N. Price Director of Aviation Strategy Mott MacDonald Aviation Current

More information

Meeting the Demand The Battle for Asia Pacific s Airspace

Meeting the Demand The Battle for Asia Pacific s Airspace Meeting the Demand The Battle for Asia Pacific s Airspace The statements contained herein are based on good faith assumptions and are to be used for general information purposes only. These statements

More information

AIRLINE MAINTENANCE COST EXECUTIVE COMMENTARY

AIRLINE MAINTENANCE COST EXECUTIVE COMMENTARY AIRLINE MAINTENANCE COST EXECUTIVE COMMENTARY An Exclusive Benchmark Analysis (FY2016 data) by IATA s Maintenance Cost Task Force PUBLIC VERSION MCTF December 2017 Table of Contents Preliminary Remarks

More information

2010 ANNUAL GENERAL MEETING. May 4, 2010

2010 ANNUAL GENERAL MEETING. May 4, 2010 2010 ANNUAL GENERAL MEETING May 4, 2010 FORWARD-LOOKING STATEMENT Certain information in this presentation and statements made during this presentation, including any question and answer session, may contain

More information

THE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET

THE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET MERGERS & ACQUISITIONS PRIVATE CAPITAL STRATEGIC ADVISORY THE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET Aerospace, Defense & Government Services Report The Shifting Landscape for

More information

SAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17

SAS Q1 2017/2018. Q1 in Summary: Improved earnings CHANGE VS. Q1 FY17 SAS 2017/2018 27.02.2018 in Summary: Improved earnings POSITIVES + Passenger revenue up 1% (FX adj.) + Cargo and EB-point sale revenue increased MSEK 109 + Efficiency program delivered MSEK 165 + Positive

More information

TEAMSAI AND CAVOK JOIN FORCES

TEAMSAI AND CAVOK JOIN FORCES TEAMSAI AND CAVOK JOIN FORCES In 2013 the Aeronautical Repair Station Association (ARSA) announced a strategic partnership with TeamSAI, an aviation consulting firm specializing in strategic, tactical

More information

LEAVING THE RED Creating a profitable airline

LEAVING THE RED Creating a profitable airline Despite airline industry growth over decades, the majority of airline businesses remain consistently unprofitable over an entire business cycle. - Ganna Demydyuk, Choosing financial KPI in the Airline

More information

TRANSFORMING INTO A GLOBAL CHAMPION

TRANSFORMING INTO A GLOBAL CHAMPION TRANSFORMING INTO A GLOBAL CHAMPION Benjamin Smith President, Passenger Airlines August 31, 2015 TRANSFORMATION PLAN ACCELERATED, BALANCED TRANSFORMATION OF AIR CANADA TOWARD SUSTAINED PROFITABILITY Between

More information

For personal use only

For personal use only ASX and Media Release QANTAS DELIVERS RECORD FIRST HALF PROFIT, INVESTS IN AIRCRAFT AND TRAINING Sydney, 22 February 2018 Underlying Profit Before Tax: $976 million (up 15%) Record results for Qantas Domestic,

More information

2017 Marketing and Communications Conference. November 6, 2017

2017 Marketing and Communications Conference. November 6, 2017 2017 Marketing and Communications Conference November 6, 2017 1 2 Introduction Carrie Kenrick State of the Industry Industry Consolidation Financial Trends Ancillary Product / Customer Segmentation Fleet

More information

Components Forecast & Trends. Matthew T. Harman Analyst, Aerospace Industry MRO Arlington, VA

Components Forecast & Trends. Matthew T. Harman Analyst, Aerospace Industry MRO Arlington, VA Components Forecast & Trends Matthew T. Harman Analyst, Aerospace Industry MRO Arlington, VA Aviation Week Expense Category Breakdown 2017 Forecast Worldwide MRO Expense Categories 8% Engine Maintenance

More information

Airline Performance and Capacity Strategies Dr. Peter Belobaba

Airline Performance and Capacity Strategies Dr. Peter Belobaba Airline Performance and Capacity Strategies Dr. Peter Belobaba Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 18 : 13 March

More information

Defence & Aerospace QLD. Development of a State Strategy to support the Aerospace Industry

Defence & Aerospace QLD. Development of a State Strategy to support the Aerospace Industry Defence & Aerospace QLD Development of a State Strategy to support the Aerospace Industry Welcome to QLD but perhaps there is a little more than meets the eye Topics QLD in aviation- 1920 to now, why is

More information