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August 2018

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BOEING PREDICTS STRONG SERVICES MARKET bookmark

Boeing’s Commercial Market Outlook 2018-2037 estimates that rising passenger traffic and upcoming aircraft retirements will drive the need for 42,730 new jets – valued at $6.3 trillion – over the next 20 years. This massive fleet also generates a strong and growing demand for aviation services. Over the next 20 years, Boeing forecast an $8.8 trillion market for commercial aviation services (ranging from supply chain support (parts and parts logistics), to maintenance and engineering services, to aircraft modifications, to airline operations) with annual growth of 4.2%.

 

Randy Tinseth, Vice President of Commercial Marketing, said: "The commercial airplane business fuels an enormous ecosystem of service providers. Our combined forecast shows the full picture of the $15 trillion commercial market ahead of us. We see a market in which airlines outsource more and more, a market in which data and data analytics help aircraft and airline networks become more efficient and reliable, and a market in which new technologies provide new services solutions. All of these trends drive greater demand for integrated solutions over the life of an airplane."

 

Major categories in the services forecast include the $2.3 trillion market for Maintenance & Engineering, which covers tasks required to maintain or restore the airworthiness of an aircraft and its systems, components, and structures. Another major category is the $1.1 trillion market for Flight Operations, which covers services associated with the flight deck, cabin services, crew training and management, and aircraft operations.

 

Table 1: Commercial Aviation Services through 2037 by service category

 

Service category

Market value

Corporate & External

$145 billion

Marketing & Planning

$540 billion

Flight Operations

$1,115 billion

Maintenance & Engineering

$2,365 billion

Ground & Cargo Operations

$4,665 billion

 

In terms of the geographic split of the new forecast, the aircraft and services demand are similarly geared toward the major growth markets. The Asia-Pacific region, which includes China, will continue to lead the way, accounting for 40% of total aircraft deliveries and 38% of total services value. North America and Europe round out the top three.

 

Table 2: Commercial market through 2037 by region

 

Region

Aircraft deliveries

Services market

Asia-Pacific

16,930

$3,365 billion

North America

8,800

$1,850 billion

Europe

8,490

$1,875 billion

Middle East

2,990

$745 billion

Latin America

3,040

$515 billion

Russia/CIS

1,290

$265 billion

Africa

1,190

$215 billion

Total

42,730

$8,830 billion

…AND STRONG DEMAND FOR TECHNICIANS bookmark

In its Technician Outlook: 2018 – 2037, it says that, as new generation aircraft become more prominent in the global fleet, advances in technology will drive an increased need for technicians skilled in avionics, composites, and digital troubleshooting.

 

Mobile and distance learning solutions are becoming increasingly popular as a flexible alternative to traditional classroom instruction and new technologies such as augmented reality are being tested as a way to improve engagement and knowledge retention. As airlines continually invest to improve the quality and efficiency of their operations, new training curriculums and methodologies will need to be adopted to keep pace with innovation.

 

Table 3: Technician Outlook: 2018 – 2037 by region

 

 

Region

Requirements

Asia-Pacific

257,000

North America

189,000

Europe

132,000

Middle East

66,000

Latin America

55,000

Africa

28,000

Russia/Central Asia

27,000

Total

754,000

PRATT & WHITNEY TO EXPAND GTF MAINTENANCE NETWORK bookmark

Pratt & Whitney will expand its global network of MRO facilities that service GTF engines will expand to eight engine centres by 2020.


GTF engines are currently maintained by the Pratt & Whitney Columbus Engine Center PW1100G-JM, PW1500G, PW1900G); IHI, Mizuho, Japan (PW1100G-JM); MTU Maintenance Hannover (PW1100G-JM); Lufthansa Technik, Hamburg (PW1100G-JM); and Lufthansa Technik Aero Alzey (PW1500G).


Future facilities include Pratt & Whitney Eagle Services Asia, Singapore (PW1100G-JM); Delta TechOps, Atlanta (PW1100G-JM, PW1500G); and EME Aero (Engine Maintenance Europe), Jasionka, Poland (PW1100G-JM, PW1500G, PW1900G).
 

IAI REOPENS 747-400 FREIGHTER CONVERSION LINE bookmark

Israel Aerospace Industries (IAI) has recently received several inquiries for a Boeing 747-400 freighter conversion programme, saying this opportunity as an answer to a global need in the air freight market for a high volume freighter capacity which coincides with the low prices of fuel and no reasonable availability of parked aircraft. The conversion period of a 747-400 aircraft is about 120 days, usually including a heavy check, landing gear or engine replacements, and any other new avionic installations, such as flat panel displays and satcoms.


IAI is the only company that maintains an active line of 747-400 conversions, having delivered two aircraft of this type in 2017 to Asiana Airlines, and after having converted 29 747-400s to the BDSF (Bedek Designed Special Freighter) configuration between 2005 and 2011. In parallel, in 2017 IAI delivered 18 767-300 converted aircraft and also converted three 737-700 aircraft as the only company in the world holding a 737-700 conversion STC.
 

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