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Aircraft MRO Market To Witness CAGR Exceeding 4.7% By 2025 Owing To Rising Number Of Aircraft OEMs In Maintenance & Repair Sector

Share this article Share this article FELTON, Calif., Jan. 19, 2021 /PRNewswire/ -- The global aircraft MRO market is estimated to attain USD 104.46 billion, by the end of 2025, and is anticipated to grow at a CAGR of 4.7% from 2019 to 2025, according to a new report by Million Insights. The increasing number of aircraft OEMs in the maintenance and repair sector is expected to boost the market growth. According to the air transport association, MRO services constitute around15.0% of the overall...
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Pratt & Whitney GTF™ Engines Achieve World-class Reliability

Direct News Source Pratt & Whitney GTF™ Engines Achieve World-class Reliability Pratt & Whitney, a division of Raytheon Technologies Corp. (NYSE: RTX), today announced that GTF engines powering the A320neo family have achieved a world-class engine dispatch reliability rate of 99.98%. The GTF engine powers more than 900 aircraft across nearly 50 airlines and three aircraft families: Airbus A320neo, Airbus A220 and Embraer E-Jets E2. GTF engines have saved more than 400 million gallons of fuel ...
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