Business

July 10, 2012

Boeing projects large, growing market for commercial aviation services

Boeing photograph

The Boeing Operations Center, which assists airline customers with urgent technical problems, engineering issues, and maintenance requirements 24 hours a day, 7 days a week, 365 days a year. Boeing forecasts a $2.4 trillion market for commercial aviation services as this large industry sector continues to grow over the next 20 years. The market for services is expected to grow at a rate of four percent in the next two decades, with growing opportunities to help aviation customers succeed in a highly competitive marketplace.

Boeing forecasts a $2.4 trillion market for commercial aviation services as this large industry sector continues to grow over the next 20 years.

At the Farnborough Air Show, Lou Mancini, senior vice president, Commercial Aviation Services, Boeing Commercial Airplanes, said the market for services is expected to grow at an annual rate of four percent in the next two decades, with growing opportunities to help aviation customers succeed in a highly competitive marketplace.

“Airlines are looking for every possible advantage to succeed, from efficiencies in maintenance services to breakthroughs in flight operations and information technology,” Mancini said. “Demand for this kind of support and services is only going to grow as fuel prices remain high, fleet size increases and airlines look for ways to improve their overall operations and reduce costs while focusing on their core business, serving passengers.”

The Boeing outlook for commercial aviation services projects long-term growth in the MRO (maintenance, repair and overhaul) market as demand grows for parts and other MRO solutions. Additionally, emerging systems and information integration within airline maintenance engineering, flight operations and information technology departments will drive an increased need for enterprise-wide solutions.

“Boeing has the ability to create unparalleled integrated solutions,” Mancini said. “We know the airplane better than anyone, we have the resources to bring innovations to market and we are there with our customers 24/7 and 365 days a year to give them the ultimate competitive advantage. There is no other company that can do all of this. This is what we bring our customers every day. It is the Boeing Edge.”

A division of Boeing Commercial Airplanes, Commercial Aviation Services, with its 13,000 employees around the world, helps customers maximize the lifetime value of their fleets and operations, providing customers a competitive edge in the marketplace. Boeing offers comprehensive global support, e-enabled systems and consulting for greater maintenance and operational efficiency, freighter conversions, parts and inventory management, airplane modifications, pilot, cabin crew and maintenance training, navigation products and services, and air traffic management solutions. Subsidiaries include Aviall, AeroInfo, Continental DataGraphics, Inventory Locator Service and Jeppesen, as well as joint ventures Aviation Partners Boeing and Boeing Shanghai Aviation Services. This comprehensive portfolio, collectively known as the Boeing Edge, combines and integrates services to give customers the ultimate advantage.




All of this week's top headlines to your email every Friday.


 
 

 

Raytheon to provide training services to U.S. Air Force

The U.S. Air Force has named Raytheon as one of the prime contractors on the Training Systems Acquisition III contract. This allows Raytheon to bid on delivery orders on this multiple award, indefinite delivery/indefinite quantity contract with a total ceiling value of $20.9 billion over 10 years. Under this Air Force Life Cycle Management Center...
 
 

Raytheon air-to-air missile scores direct hit from U.S. Army ground launcher

The U.S. Army and Raytheon successfully test fired an AIM-9X Block II missile from the Army’s ground-based Indirect Fire Protection Capability Increment 2-I (IFPC 2-I) Block 1 Multi-Mission Launcher. AIM-9X is traditionally fired from aircraft toward aerial targets and this test demonstrated that the latest AIM-9X can be used in both air-to-air combat and now,...
 
 
Northrop Grumman photograph

Northrop Grumman delivers 150th KC-10 extender from depot to U.S. Air Force

Northrop Grumman photograph A KC-10 Extender leaves Northrop Grumman’s depot in Lake Charles, La. Northrop Grumman recently delivered the 150th KC-10 Extender aircraft from a maintenance depot to the United States Air For...
 

 

Indian university students take part in In C-130J Super Hercules roll-on/roll-off competition

Teams from five leading Indian universities recently presented design concepts supporting the disaster relief operations in New Delhi, Inida, as part of the Lockheed Martin C-130J Super Hercules Roll-On/Roll-Off University Design Challenge. Lockheed Martin launched the Indian University design challenge in November 2014. The company provided research grants for each university team to work with...
 
 

Contract Briefs August 26, 2015

Bell Helicopter Textron Bell Helicopter Textron Inc., Fort Worth, Texas, is being awarded a $581,113,421 modification to definitize a previously awarded advance acquisition contractfor the manufacture and delivery of 15 Lot 12 UH-1Y, 19 Lot 12 AH-1Z, one Lot 13 UH-1Y and 21 auxiliary fuel kits for the Marine Corps and government of Pakistan.The aircraft...
 
 

Newport News Shipbuilding celebrates USS John F. Kennedy keel-laying

Newport News Shipbuilding, a division of Huntington Ingalls Industries, Aug. 22 celebrated the keel laying of the aircraft carrier John F. Kennedy (CVN 79), the second ship of the Gerald R. Ford class. Caroline Kennedy, the daughter of the ship’s namesake, the 35th President of the United States, is the ship’s sponsor. She declared the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>