MOUNTAIN VIEW, Calif., Oct. 12 /PRNewswire/ -- The Aerospace & Defense practice at Frost & Sullivan is pleased to announce its 2009 Quarterly Analyst Briefing Presentation on the North American Maintenance & Repair Overhaul (MRO) market for the airline industry to be held on Thursday, October 15, 2009 at 10:00 a.m. PT.
The global MRO sector is in a decline as a result of an industry-wide downturn affecting both airlines in-house and third party MROs. A reduction in airline fleet capacity caused by the continuation of a weak economy and lower-than-expected travel demands has lead to fewer available aircraft for maintenance. When compared to 2008, the average aircraft utilization for the world's commercial fleet in 2009 is expected to drop by an estimated four percent.
Those who will benefit from this analyst briefing include OEMs, aircraft MROs, component, line, engine and airframe maintenance providers, distributors and suppliers. Highlights of this event include analyses of MRO market sizing, challenges, drivers, restraints and revenues.
"A slow economy and weak travel demands have led to a decline in airline revenues," states Industry Analyst Nathan Smith. "Airlines are adjusting capacity to meet demand and thus are flying fewer aircraft, which translates to fewer dollars spent for aircraft maintenance."
To participate, please email Johanna Haynes at firstname.lastname@example.org with the following information: your full name, title, company name, telephone number, e-mail address, city, state, and country. Upon receipt of the above information, a registration link will be emailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
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SOURCE Frost & Sullivan