Top Aircraft Maintenance Companies - An aircraft is a major capital investment. Therefore, to get the most out of this long-term investment, it should be evaluated from the initial purchase through the life cycle.
The evaluation process includes overhaul, inspection, replacement, defect correction, revision materialization, compliance with airworthiness directives, and repair. Companies providing these services are known as MRO companies. MRO provides seamless support for military, commercial, and regional aircraft operators. Secondly, the Airworthiness Review Certificate (ARC) issued by the competent authority based on the recommendation report of the MRO company.
Top Aircraft Maintenance Companies
According to Aviation Week, the global MRO market is expected to reach US$82.5 billion by the end of 2020. North America, Western Europe and Asia Pacific are forecast to generate the majority of demand for MRO services in the year.
World's Top 7 Commercial Aviation Mro Companies
In November 2018, Hong Kong Aircraft Engineering Company Limited (HAECO) became a wholly owned subsidiary of Swire Pacific and achieved revenue of HK$84.6 billion (about US$10 billion) in the 2018 fiscal year. We perform retrofit and non-destructive testing through 27 hangars in six locations in Hong Kong, mainland China and the United States.
ST Engineering's aerospace division operates on a global scale with support and service facilities in the United States, Asia Pacific and Europe. The company offers a wide range of aviation services including airframes, components, engine MRO, aviation materials, asset management services and aircraft. This includes interior solutions, technology businesses, and air charter services. In 2018, the company's revenue was approximately US$6.7 billion.
Founded in October 1994 as a subsidiary of Deutsche Lufthansa AG, Lufthansa Technik AG is the engineering business part of Deutsche Lufthansa AG and the parent company of the global Lufthansa Technik Group, which comprises a total of 57 companies. Lufthansa Technik increased its turnover by 10% to €5.92 billion (about US$6.5 billion) in fiscal 2018. Europe, including the Middle East and Africa, remains the most important market in terms of sales volume.
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Air France-KLM's position as MRO market leader. The company's success is underpinned by the MRO Lab Innovation Program, which focuses on strategic areas of the MRO sector, from technological mobility and customer experience to the Internet of Things, big data applications, predictive maintenance and artificial intelligence. Total revenue for FY18 was €4.34 billion. Aircraft maintenance is the third business of the Air France-KLM Group, with third-party revenues of €1.9 billion.
AAR CORP's aviation services segment provides aftermarket support and services to the commercial aviation and government and defense markets and accounted for approximately 95% of revenue in fiscal 2019 (US$2.05 billion), 2018 and 2017. This segment also presents inventory. management and distribution services, maintenance, repair and overhaul (“MRO”), and engineering services.
SIA Engineering Company Limited will continue its commitment to embrace innovation and technologies that complement the Group's initiatives. The group made a net profit of US$160.9 million in the 2018-19 financial year, down by US$25.9 million or 13.9% from the previous year. The Group's total revenue for 2018/19 is approximately USD 1,020.9 million. The group reported a net profit of USD 49.3 million in the fourth quarter of 2018-19. This is US$6.9 million or 12.3% lower than the same quarter last year.
Delta TechOps believes it will be the primary service provider for two new generation engines, including the Rolls-Royce Trent 1000 and the Pratt & Whitney PW1000G geared turbofan. The company has 51 maintenance stations worldwide and maintains the more than 900 aircraft that make up Delta's fleet. Delta TechOps provides comprehensive services covering aircraft engines, auxiliary power units (APUs), components, avionics, airframe and line maintenance.
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SR Technics is a leading provider of MRO services to airlines with over 80 years of operational experience. Based at Zurich Airport, the company employs more than 3,000 people worldwide and provides maintenance, repair and overhaul services for airframes, engines and components. The company operates a network of European line stations and distribution centers in London Heathrow, Zurich, Geneva, Malta, Abu Dhabi, Singapore and Kuala Lumpur.
Turkish Technik, a consortium of Turkish Airlines Group companies, is the main maintenance center in the region, providing aircraft, engine, APU and we provide component technical services. Based in Istanbul, we have a highly qualified and well-trained workforce of over 5,500 people. According to its 2018-19 annual report, the company's revenue was around US $600 million.
MRO Holdings Inc. Flightstar operates out of Jacksonville, Florida. Aeroman in El Salvador, one of the two largest MRO stations in North America and Latin America. The company also secured capacity rights to operate TechOps Mexico, a joint venture between Delta and Aeromexico. MRO Holdings is a comprehensive provider focused on airframe maintenance, retrofits, retrofits and technical solutions. For the 12 months to December 2018, the company's revenue was US$416 million.
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In Flight Upset, Inadvertent Pitch Disconnect, And Continued Operation With Serious Damage Involving Atr 72 Aircraft, Vh Fvr, 47 Km Wsw Of Sydney Airport, Nsw On 20 February 2014
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