What Happened
MRO Business Expansion Could Surpass Trading Revenue
Setna IO is investing heavily in its MRO business, with the goal of outpacing its parts trading business in the next five years. The company’s CEO, David Chaimovitz, expects MRO earnings to reach $35 million by the end of this year and grow to $50 million next year. Recent acquisitions, including Zulu Global and Landing Gear Technologies, are helping to boost the company’s portfolio and capabilities. As reported by Aviation Week, Setna IO’s expansion into MRO may signal a broader industry shift towards increased focus on maintenance and repair services.