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Saturday, October 01 2022
GCC

Airlines and MRO companies sign new agreements for rapid business growth

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Dubai, United Arab Emirates: MRO Middle East & Aircraft Interiors Middle East (AIME) 2022 was inaugurated today by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority, Chairman and Chief Executive of Emirates Airline and Group, amid a strong industry outlook.

A busy launch of the two-day show taking place at Dubai World Trade Center (DWTC), welcomed industry leaders, buyers and specialists from across the aircraft interiors and maintenance, repair and overhaul (MRO) segment of the aviation industry.

During the opening day of MRO Middle East and AIME, Dubai carrier flydubai signed a multi-year agreement with Boeing for parts provisioning and Quick Engine Change (QEC) kits to support the all-Boeing flydubai fleet. These new contracts will enable flydubai to support more efficient maintenance processes and control inventory costs.

“As we begin to see the demand for travel returning, ensuring that our passengers arrive at their destination without delay is of utmost importance,” said Captain Chris Grazel, Chief Operating Officer at flydubai.

Additionally, Joramco signed an agreement with Proponent, the world’s largest independent aerospace parts distributor for supplies of consumables and expendables. Also at the show, Joramco extended an agreement with Satair covering the supply of consumables and expendables for the support of Boeing and Airbus aircraft.

“The industry has seen a remarkable return of optimism, which we’re seeing translated into contracts and partnerships at the show, representing exciting ongoing business opportunities for the aircraft interiors and MRO community. This year’s edition has already surpassed pre-covid visitor numbers, both from a local and international perspective with an increased participation from global airlines and international trade delegations. ” said Tim Hawes Managing Director of Tarsus Middle East, one of the show organisers along with Aviation Week Network.

Brian Kough, Senior Director, Forecasts & Aerospace Insights at Aviation Week Network, presenting an industry forecast for the Middle East at the show’s Go Live! Theater said that although the aviation market is volatile, Middle East aircraft utilisation in 2021 was up by 25% compared to 2020, and the in-service fleet is seen recovering this year to above the 2019 levels with more 31,800 aircraft.

He expects the worldwide MRO industry to witness a 3.2% CAGR over the 2022-2031 period to be valued at $1 trillion. Meanwhile, engine MRO demand will grow at 3.7% to be valued at $474 billion over the next decade. Specifically, Middle East demand for MRO will be $12.9 billion by 2031. Additionally, narrow-body aircraft will be the key growth drivers over the decade, with over 20,000 worldwide deliveries expected.

“The expected industry growth is a clear sign of recovery, which will be underlined by enhanced innovation and digital-led technologies necessary for future resilience. We’re glad to see that the conference content is providing critical learning opportunities that will drive a strong recovery of the aviation industry,” said Lydia Janow, SVP Events at Aviation Week Network.

The Go Live! Theater covered critical topics for cabin interiors and MRO; sessions throughout the day focused on regional MRO insights and leadership strategy, MRO operator’s perspective, sustainable interiors, aircraft connectivity and the future travellers. Speakers included representatives from Emirates, Etihad Engineering, Jazeera Airways, Lufthansa Technik, Wizz Air, Ryanair, Joramco, and SAEI.

Robbie Bourke, Partner at Oliver Wyman, participating at the Go Live! Theater said: “As aviation rebounds from the disruption of the past two years, it is pleasing to see our colleagues coming together once again at the region’s leading industry event. MRO spend in 2022 and 2023 is expected to exceed 2019 levels, as aircraft get back in service and the backlog of maintenance is cleared. Supply chain challenges, however, are a key focus for the industry right now, and although not exclusively an aviation challenge, it is one factor that is adding some pressure on the expected rebound.”

Burke added: “As we look beyond the next few years and the rebound of aviation, the challenge of climate change is a key focus for the industry. As a sector that is hard to decarbonize, it isn’t easy and this will take time to make progress. One thing for certain though is the commitment of the industry, with fuel efficiency, sustainable aviation fuels and new means of propulsion with hydrogen and electric being the key pathways forward for the industry.”

Key exhibitors at the show this year include Etihad Engineering, Dubai South, Sanad, HEICO, Lufthansa Technik, StandardAero, HAECO Group, Gerflor and SAEI (Saudia Aerospace Engineering Industries).

The exhibition also featured an expanded Airline Buyers Programme with 350+ top airline representatives from leading regional and international airlines including Emirates, Etihad, Air Arabia, Air France, PIA, Kenya Airlines, Oman Air, Flynas, Ryanair, Kuwait Airways, TUIfly, Wizzair, Flyadeal and others.

All visitors benefit from the free-to-attend content taking place during exhibit hall hours, allowing them to combine networking and learning under one roof. MRO Middle East and Aircraft Interior Middle East 2022 exhibition’s last day will be February 23, from 10 am – 4 pm at the Dubai World Trade Centre, Sheikh Saeed Halls 2-3.

About Aviation Week Networks’ MRO Middle East:

Aviation Week Networks’ MRO Middle East will take place on 22-23 February 2022, at Dubai World Trade Centre (DWTC). MRO Middle East provides the ideal platform for suppliers and service providers seeking to increase their presence in one of the fastest growing regions.

MRO Middle East features a two-day exhibition for key professionals in the commercial aviation aftermarket, uniting airlines and suppliers to provide the perfect environment to network and discuss the latest trends, regulations and issue impacting this industry. http://mromiddleeast.aviationweek.com/

Aircraft interiors Middle East (AIME) will again be co-located with MRO Middle East taking place on 22-23 February 2022, at Dubai World Trade Centre (DWTC). The event showcases cutting edge designs, innovative cabin fittings and technological advancements for the region’s rapidly developing aviation market. AIME also features an innovative Airline Buyers Programme bringing together visitors and exhibitors in prescheduled one-on-one appointments, helping to maximise their show experience. www.aime.aero

About Aviation Week Network

Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defence industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world’s leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising.

Aviation Week Network is part of Informa Markets, a division of Informa PLC.

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Aviation, Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world’s leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

About Tarsus F&E LLC Middle East

Tarsus F&E LLC Middle East is one of the most influential names in the aerospace industry’s events sector, and it launched the very first Dubai Airshow in 1989, in conjunction with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.

Covering all aerospace-related events in the Tarsus portfolio, Tarsus F&E LLC Middle East has a long-standing relationship with the global aerospace industry, an in-depth knowledge of the market and a hard-earned reputation for delivering event excellence. Tarsus F&E LLC Middle East maintains offices in Dubai and London.

Other events organised by Tarsus F&E LLC Middle East include Dubai Airshow www.dubaiairshow.aero, Global Aerospace Summit https://www.aerospacesummit.com/ and MEBAA Show www.mebaa.aero.

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