What Happened
Plane Shortages Drive Aftermarket Super-Cycle
The global aviation industry is facing a paradox: airlines need more aircraft to meet rising passenger demand, yet manufacturers and their suppliers cannot deliver new jets fast enough. This has led to a shortage of aircraft, which in turn is driving a boom in the maintenance, repair, and overhaul (MRO) industry. According to Spherical Insights, the global aircraft MRO market is expected to reach $171.4 billion by 2035, with the industry facing challenges such as a shortage of qualified aviation technicians and delays in obtaining engines and components. This article was first reported by Unknown Source.