Oliver Wyman Forecasts COVID-19 Impact On Aircraft Maintenance
Just wanted to make you aware, Oliver Wyman has released its new Fleet & Maintenance Repair Overall (MRO) Forecast which includes new data on the impact of COVID-19 including recent fleet groundings, aircraft retirements, production rates, and other announcements for the commercial aviation industry.
Key findings:
- Over 70 percent of the global commercial fleet will be parked at some point in 2020
- Most of the pre-crisis commercial fleet (1395 aircraft) in the Middle East is parked as of now; For the aviation aftermarket, this means:
o $9.7 bn reduction in MRO spend for 2020 and 2021 in the Middle East
equivalent to
o 66 percent reduction in MRO spend in 2020 from the original forecast
and
o 26 percent reduction in MRO spend in 2021 from the original forecast
This data and more is included in our COVID-19 impact interactive dashboard, which is updated weekly and reveals the near-term impact of COVID-19 on the MRO demand in a deeper fashion. You can change inputs to see impact by region and aircraft class.
