Press Maintenance, Repair, and Overhaul (MRO) providers are facing the possibility of a steep drop in global demand for MRO services this year because of the COVID-19 pandemic although commercial MROs may face greater declines than MROs that have a higher proportion of business aviation clients.
“Assuming our baseline scenario that anticipates recovery later this summer, the current trajectory for fleet reductions and lower aircraft utilization would reduce global MRO demand in 2020 by over $26 billion, or almost 30 percent,” according to “Impact of COVID-19 on Commercial MRO,” a March 26 study by consulting firm Oliver Wyman.
Source: MROs Face Prospect of Significant Drop in Global Demand for Services – Aviation Today
