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Despite successfully cutting down their aircraft spare part pools and eliminating certain inventory costs, airlines and MROs, as well as other industry players these days still find themselves entrapped in vastly inconvenient component procurement processes. Some experts even state that by 2020, most operators will have abandoned their inventory stocks at all. Such transition would
Unarguably, aviation aftermarket today is a vital segment of the entire industry. Currently valued at over $28 billion dollars, it accounts for nearly half of the MRO market pie. Largely driven by the rapidly expanding global fleet, the development of spare parts market is now seen as a great area to squeeze some additional profit
During a recent DLD conference, Scott Galloway, founder of a benchmarking and education firm L2, shared an insight that the global e-commerce companies are either going to open stores or go out of business. For instance, Amazon can be expected to decline in value mostly due to its ineffective logistics system, which involves shipping products
The importance of spare parts trade in modern commercial aviation industry cannot be overstated. In fact, data provided by ICF SH&E indicates that the spare parts market has grown by over $5 billion in 12 years’ time, currently accounting for almost a half of the overall MRO market. Moreover, the carriers are increasingly adopting an
Recently an engine nozzle made aviation history by becoming the first 3D printed part certified by the US FAA to fly inside General Electric’s commercial jet engines. The metal component will first be retrofitted on more than 400 currently adopted GE90-94B jet engines, used mainly for Boeing’s 777 airliners. The next phase will see printed
In the beginning of 2015 the aviation world entered the long-awaited A350 era, as Qatar Airways inducted the first A350-900 aircraft into its fleet. Similar to its competitor – Boeing 787 – the A350 brings not only new opportunities, but also a significant amount of new technologies to market. As a result, with almost 780
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