Oliver Wyman Forecasts COVID-19 Impact On Aircraft Maintenance

Just wanted to make you aware, Oliver Wyman has released its new Fleet & Maintenance Repair Overall (MRO) Forecast which includes new data on the impact of COVID-19 including recent fleet groundings, aircraft retirements, production rates, and other announcements for the commercial aviation industry.

Key findings:

  • Over 70 percent of the global commercial fleet will be parked at some point in 2020
  • Most of the pre-crisis commercial fleet (1395 aircraft) in the Middle East is parked as of now; For the aviation aftermarket, this means:

o   $9.7 bn  reduction in MRO spend for 2020 and 2021 in the Middle East

equivalent to

o   66 percent reduction in MRO spend in 2020 from the original forecast

and

o   26 percent reduction in MRO spend in 2021 from the original forecast

This data and more is included in our COVID-19 impact interactive dashboard, which is updated weekly and reveals the near-term impact of COVID-19 on the MRO demand in a deeper fashion. You can change inputs to see impact by region and aircraft class.