AIRCRAFT LINE MAINTENANCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In October 2022, Lufthansa Technik provides worldwide maintenance, repair, and overhaul services for aircraft, engines, and components, established a Digital Tech Ops Ecosystem by incorporating Swiss Aviation Software Ltd. (Swiss-AS) is subsidiary of Swiss International Air Lines, to spearhead the aviation industry's digital transformation in technical asset operation. Swiss-AS which is  renowned for developing the leading M&E/MRO (Maintenance & Engineering) software AMOS (Aircraft Maintenance and Engineering Operating System), became part of the Lufthansa Technik Group. This integration brings together AMOS with AVIATAR (Aerobic Vehicle for Trans atmospheric Hypersonic Aerospace Transportation), an independent platform for data & analytics solutions, and flydocs, a provider of Digital Records & Asset Solutions. This consolidation allows Lufthansa Technik to provide an unparalleled digital coverage of the tech-ops value stream.
• In August 2022, Sky-Stream, an aircraft maintenance line station, has been inaugurated at the international airport in Antalya, Turkey. SkyUp Airlines, the founder of this facility, designated it as the exclusive maintenance provider for the airline's fleet.
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• In April 2023, Azul Airlines is a publicly traded company, has revealed the establishment of its latest business division, Azul TecOps. This strategic initiative allows the company to expand its top-tier operational and technical capabilities to serve external clients not only in Brazil and Latin America but also on a global scale.

Acquisition and partnerships

• In June 2023, GE Aerospace is an aircraft engine supplier, has disclosed a strategic collaboration with Garuda Indonesia, the national airline of Indonesia, for the restoration and overhaul of the airline's GE (general electric) and CFM engine fleet.
• In June 2023, FEAM Aero, a prominent provider of aircraft line maintenance services, declared the purchase of SR Technics' aircraft line maintenance operations at Adolfo Suarez Madrid-Barajas Airport (MAD). This acquisition establishes a comprehensive competence center for wide-bodied aircraft, thus facilitating line maintenance schedules and AOG (aircraft on the ground) recovery for 330/350/380/787/777 with various engine combinations.
• In November 2023, Emirates is one of two flag carriers and Boeing is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide, entered into a Memorandum of Understanding (MoU) to harness advanced digital technologies and expedite enhancements in maintenance operations.