North American Commercial Aircraft MRO Market

Despite this strong emergence, the market has been in decline as a result of an industry-wide downturn effecting both airline in-house and third party MROs. Reductions in airline fleet capacity and the retiring of older, less efficient aircraft across North America has resulted in fewer maintenance checks and decreased revenues for MROs. When compared to 2008, the average aircraft utilization for the world' s commercial fleet in 2009 is expected to drop by an estimated 4 percent.