Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
Malaysia's ADE sees boom in aircraft repairs amid new plane shortages
The global aircraft maintenance, repairs and operations (MRO) industry is poised to see higher growth in the next five or six years, as a shortage of new planes force airlines to keep their existing jets flying for longer, said Mahesh Kumar on Monday, July 15, the chief executive of Malaysia-based aircraft services firm Asia Digital Engineering (ADE).
New aircraft deliveries have dropped sharply in recent months amid ongoing supply chain disruptions and rising labor costs, which have seen carriers spending more and retaining repair services for longer to keep older planes in the air, Mahesh said.
ADE, the aircraft maintenance arm of Capital A, which also operates budget airline AirAsia, has seen rapid growth since it began operations in September 2020 at the height of the pandemic.
REUTERS VIDEO
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The global aircraft maintenance, repairs and operations (MRO) industry is poised to see higher growth in the next five or six years, as a shortage of new planes force airlines to keep their existing jets flying for longer, said Mahesh Kumar on Monday, July 15, the chief executive of Malaysia-based aircraft services firm Asia Digital Engineering (ADE).
New aircraft deliveries have dropped sharply in recent months amid ongoing supply chain disruptions and rising labor costs, which have seen carriers spending more and retaining repair services for longer to keep older planes in the air, Mahesh said.
ADE, the aircraft maintenance arm of Capital A, which also operates budget airline AirAsia, has seen rapid growth since it began operations in September 2020 at the height of the pandemic.
REUTERS VIDEO
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#malaysia
#airplanes
#airasia
#travel