AVIATION
Aircraft titans Airbus and Boeing set to aggressively expand in parts and repairs
Singapore — Major aircraft manufacturers Airbus and Boeing, having built their global success on transcontinental airliners, are now eyeing the lucrative if less glamorous parts and repairs side of the aviation sector. While booming demand for air travel has caused the world’s top aircraft makers to ramp up production, it is the multibillion-dollar after-sales service market that is taking an increasing amount of their attention. The aircraft titans are aggressively expanding their presence in the sector, which is dominated by maintenance, repair and overhaul of aircraft but also covers other services, from training to parts supply. The European and US firms have long done some business in after-sales support but they are now moving to win greater market share and take on other players such as Germany’s Lufthansa Technik and the US-based AAR. "The services market is more lucrative than actual aircraft sales because it has more potential and it covers many different spectrums," said ...
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