World鈥檚 Top 10 Commercial Aviation MRO Companies

An aircraft is a major capital investment. Therefore, to get the maximum return on this long-term investment, it should be evaluated from the initial purchase through its lifecycle.

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The evaluation process includes overhaul, inspection, replacement, defect rectification, and the embodiment of modifications, compliance with airworthiness directives and repair. Companies that provide these services are known as MRO companies. MRO's provides seamless support for military, commercial and regional aircraft operators. 听Airworthiness Review Certificates (ARCs) then issued by the competent authorities based on the MRO company's recommendation reports.

Top 10 Commercial Aviation MRO Companies in World

Hong Kong Aircraft Engineering
ST Aerospace
Lufthansa Technik
Air France Industries and KLM Engineering & Maintenance
AAR
SIA Engineering
Delta TechOps
SR Technics
Turkish Technic
MRO Holdings

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Global Commercial Aircraft MRO 麻豆原创 Scenario:

According to Aviation Week, the worldwide MRO market is expected to reach USD 82.5 billion by the end of 2020. North America, Western Europe, and the Asia-Pacific will generate most of the demand for MRO services in the projected year.

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Commercial Aircraft MRO 麻豆原创 Insight by Geography

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World's Leading Aviation MRO Companies at a Glance:

1. HAECO (Swire Pacific)

In November 2018, Hong Kong Aircraft Engineering Company Limited (HAECO) became a wholly-owned subsidiary of Swire Pacific which achieved revenue of HKD 84.6bn (Approx. USD 10 billion) in FY 2018. The company provides airframe maintenance, cabin reconfiguration, structural modification, and non-destructive testing through its 27 hangars in six locations in Hong Kong, Mainland China, and the United States.

2. ST Aerospace Singapore Technologies Engineering Ltd

The aerospace arm of ST Engineering operates at the global level and has affiliates and service facilities in the US, Asia Pacific, and Europe. 听The company provides a wide range of aviation services including airframes, components, engine MROs, aviation materials, asset management services, aircraft Includes internal solutions, technical businesses, and air charter services. The company鈥檚 revenue was around USD 6.7 billion in FY 2018.

3.听Lufthansa Technik AG

Established in October 1994 as a subsidiary of Deutsche Lufthansa AG, Lufthansa Technik AG is the parent company of the engineering business segment of Deutsche Lufthansa AG and the global Lufthansa Technik Group听and comprises a total of 57 companies. Lufthansa Technik increased its sales revenue in the 2018 financial year by 10% to EUR 5.92 billion (Approx. USD 6.5 bn). 听Europe, including the Middle East and Africa, remains the most important market in terms of sales volume.

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4.听Air France Industries and KLM Engineering & Maintenance

Air France-KLM鈥檚 position as a leader of the MRO market. Company's success supported by the MRO Lab innovation program focusing on strategic areas of the MRO sector, ranging from technician mobility and the customer experience through to the Internet of Things, Big Data applications, predictive maintenance, and Artificial Intelligence. The overall revenue for FY 18 was EUR 4.34 billion. Aircraft maintenance is the Air France-KLM Group鈥檚 third business with third-party revenues of EUR 1.9 billion.

5. AAR Corp.

AAR CORP鈥檚 Aviation Services segment provides aftermarket support and services for the commercial aviation and government and defense markets and accounted for approximately 95% of our sales in fiscal 2019 (USD 2.05 billion), 2018, and 2017. In this segment, we also provide inventory management and distribution services, maintenance, repair and overhaul ("MRO"), and engineering services.

6. SIA Engineering Company Limited

SIA Engineering Company Limited to continue with its efforts to innovate and adopt technologies to complement Group initiatives. The Group posted a net profit of USD 160.9 million for the FY 2018-19, USD 25.9 million or 13.9% lower than last year. The overall revenue of the group around USD 1,020.9 million in FY 18/19. The Group posted a net profit of USD 49.3 million for the fourth quarter of FY2018-19, USD 6.9 million or 12.3% lower than the same quarter last year.

7. Delta TechOps

Delta TechOps is confident to become a major provider of services for two new-generation engines, including the Rolls-Royce Trent 1000 and Pratt & Whitney PW1000G geared turbofan. The company has 51 maintenance stations worldwide and offers maintenance for the more than 900 aircraft that make up the Delta Air Lines fleet. Delta TechOps provides comprehensive services covering aircraft engines, auxiliary power units (APU), components, avionics, airframes, and line maintenance.

8.听SR Technics

SR Technics is a leading MRO service provider for airlines, backed by more than 80 years of operational experience. The company is based in Zurich airport, has more than 3,000 employees globally and provides maintenance, repair and overhaul services for airframes, engines, and components. The company operates a network of line stations in Europe as well as logistics centers in London-Heathrow, Zurich, Geneva, Malta, Abu Dhabi, Singapore, and Kuala Lumpur.

9.听Turkish Technic

With association of Turkish Airlines group companies, Turkish Technic is the leading maintenance center in its region, providing technical services for Airframe, Engine, APU, and components for a wide range of Airlines from Europe, Middle East, Asia, CIS, and Northern Africa at its bases in Istanbul, with a highly qualified and well-trained workforce over 5,500 personnel. According to FY 18-19 annual report,听the company's earing was around USD 600 million.

10.听MRO Holdings Inc.

MRO Holdings Inc. operates Flightstar in Jacksonville, Florida; Aeroman in El Salvadortwo of the biggest MRO stations in North and Latin America. The company has also secured the rights to capacity at TechOps Mexico's operations (a joint venture between Delta Airlines and Aeromexico). MRO Holdings is a comprehensive provider with a focus on airframe maintenance, modifications, conversions, and technical solutions. The company's听revenues for the twelve months ended December 2018 were USD 416 million.

麻豆原创

Top 10 Commercial Aviation MRO Companies in World

Global Commercial Aircraft MRO 麻豆原创 Scenario: