Boom in Commercial Aviation Gives Wings to the MRO Market in China, Finds Frost & Sullivan

Boom in Commercial Aviation Gives Wings to the MRO Market in China, Finds Frost & Sullivan PR Newswire KUALA LUMPUR, Malaysia, Oct. 24, 2012 - Innovative service portfolios and wide geographic coverage are critical to counter intense competition KUALA LUMPUR, Malaysia, Oct. 24, 2012 /PRNewswire/ -- China's commercial aviation sector, the world's second- largest in terms of air traffic and passenger turnover, has presented its maintenance, repair, and overhaul (MRO) market with new opportunities. Increased domestic aircraft utilization and larger fleets positively influence the local market. Better infrastructure and support services over a wide product system have allowed the migration of maintenance activities to China, further adding impetus to the fastest-growing MRO market in the world. New analysis from Frost & Sullivan (http://www.aerospace.frost.com), China Commercial Aircraft and Engine MRO Market Opportunities, finds that the market earned revenues of over US$2.66 billion in 2011 and estimates this to reach US$6.39 billion in 2020. China's gross national product (GNP) saw a 9.7 percent rise in the first quarter of 2011, and its economic growth is expected to go up by an average of 7.0 percent over the next few years. Air traffic growth in the country will account for nearly 8.4 percent of the global total, compelling carriers to optimize the use of aircrafts to meet travel demands.