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Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR


DUBAI, United Arab Emirates – 15 June 2021: MRO Middle East commenced today at Dubai World Trade Center (DWTC), welcoming industry leaders, buyers and specialists from across the Maintenance, Repair and Overhaul (MRO) segment of the aviation industry. 


An opening session by Michael Wette, Partner at Oliver Wyman highlighted the continuing challenges the aviation sector faces but also revealed some positive signs and predictions. Recent forecasts by the consultancy predict that the Middle East global commercial fleet is forecast to have long-term growth of 4.2% CAGR, recovering to its pre-COVID size in 2023. A survey conducted shows that the majority of respondents expect MRO demand to recover in 2022. 
Wette commented: “Airlines and MROs have shown incredible versatility to mitigate the effects of the pandemic. The smaller fleet that emerges in 2022 will be more lean and efficient. However, labour availability will soon return as a critical challenge for MRO.” 


During the busy opening day of MRO Middle East, Boeing and Turkish Technic announced today a renewed tailored parts package agreement, extending the MRO provider's current contract by three years. The contract will enable Turkish Technic to reinforce its efficiency, reliability and access to a global network of parts and component services.


Joramco and VD Gulf (UAE) also signed a framework agreement on MRO cooperation. Under the agreement, both independent MROs aim to expand their existing capabilities and capacity, optimize their synergies for a one-stop-shop upscaled customer experience, in addition to encouraging and promoting sustainable development for both organizations. 


Jeff Wilkinson, Joramco CEO commented, “We are excited to work hand in hand with VD Gulf to extend our support and commitment to our valued customers across the globe. This successful collaboration shows that Joramco and VD Gulf are both trusted MRO companies and will form the future of the MRO industry in the region to adapt to customers' needs”.


Other exhibitors at this year's MRO Middle East include Etihad Airways Engineering, Jordan Aeronautical-Systems Company, Liebherr Middle East, Mohammed Bin Rashid Aerospace Hub, Sanad, Inc. SR Technics, and Turkish Technic
Felipe Cano, Commercial Director, Buildair Engineering & Architecture commented: “We're exhibiting our latest and innovative airtight technology fitted hangars, at this year's MRO Exhibition, which is a great platform to showcase new technology. It is also the right place for us to reconnect and realign with the industry and plan for future growth.”


MRO Middle East features a two-day free to attend Go Live! Theater with an agenda led by more than 25 expert speakers from the region. 
All visitors benefit from the complimentary content taking place during exhibit hall hours, allowing them to combine networking and learning under one roof.
MRO Middle East maintains the highest standard of health and safety measures, including contactless registration, face mask mandates and social distancing. Proof of vaccination or PCR tests are not mandatory for trade exhibitions in Dubai.

 



Posted by : GoDubai Editorial Team
Viewed 5080 times
Posted on : Wednesday, June 16, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
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