DUBAI, 22nd February 2020 (WAM) – His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Aviation Authority and Supreme Chairman of the Emirates Airlines Group, today inaugurated the Middle East Aircraft Maintenance, Repair and Overhaul Exhibition and Conference, and the Middle East Aircraft Interior Design Exhibition for the year 2022, in conjunction with the positive expectations seen by the sector.
The two events kicked off at the Dubai World Trade Center amid a celebration that hosted elite leaders and experts in the aviation sector, particularly in the field of aircraft maintenance, repair and overhaul.
During the inauguration day, flydubai signed a multi-year agreement with Boeing for the supply of quick-replacement engine parts and tools to support Flydubai’s entire fleet of Boeing aircraft. With these new contracts, flydubai will be able to achieve more efficient maintenance operations enabling inventory cost control.
Captain Chris Grizzle, Chief Operating Officer at flydubai, said: “flydubai is keen to get passengers to their destinations without any delay at the top of our priorities, especially in light of what we are seeing from the return of demand levels to travel again. ”
The Jordanian Aircraft Maintenance Company Limited, Joramco, which specializes in the aircraft maintenance, repair and overhaul sector, has signed an agreement with Proponent, the world’s largest independent distributor of aircraft parts, to supply it with consumables and consumables. For consumption in support of Boeing and Airbus aircraft.
Timothy Hawes, Managing Director of Tarsos Middle East, said: “We see great optimism from the various stakeholders in the sector, which is reflected in the contracts and agreements signed during the exhibition and paves the way for more business opportunities. This year s edition has already exceeded the number of visitors to the exhibition before the pandemic, either from a local or international perspective with increasing participation from global airlines and international trade delegations.
In a speech on the outlook for the aviation sector in the Middle East, presented by the Go Live Theater platform at the exhibition, Brian Cove, Senior Director of Forecasting and Analytics for the Aviation Sector at Aviation Week, confirmed .. .percentage reliance on aircraft in the Middle East during 2021 increased by 25 percent compared to the previous year, despite the volatility that prevailed in the aviation market, with the recovery of the activity of the fleet currently operating in the region during the current year, exceeding the levels recorded in 2019 by more than 31,800 aircraft.
Cove has predicted that the global aircraft maintenance, repair and overhaul sector will experience a compound annual growth rate of 3.2 percent between 2022 and 2031, reaching a value of one trillion US dollars. Demand for engine maintenance, repair and overhaul will grow by 3.7 percent to $474 billion over the next decade, while demand in the Middle East is expected to reach $12.9 billion by 2031. Narrow-body aircraft will be one of the main drivers of be growth. over the next 10 years with expectations of more than 20,000 deliveries worldwide.
Lydia Jano, Senior Vice President of the Events Department at Aviation Week, said that the expected growth of the sector is a clear indicator of recovery, which will be strengthened by more innovation and the introduction of digital technologies necessary for future resilience ensure … expresses her pleasure with the important learning opportunities provided by the conference content to contribute to supporting Strong efforts to achieve recovery of the aviation sector.
Go Live Theater brings together leading decision makers from airlines, MRO display companies, original equipment manufacturers, lessors, suppliers and key aircraft interior design professionals.
This prominent event in the aviation sector highlights the latest innovations in sustainability, digital transformation, workforce and supply chain through its program of events, as well as showcasing the latest technologies, products and services.
For his part, Robbie Burke, partner at Oliver Wyman, said that with the beginning of the recovery of the aviation sector, expectations point to the possibility of increasing spending on maintenance, repair and overhaul services during the years 2022 and 2023 from the levels recorded is in 2019, with the return of aircraft to service and the completion of the maintenance backlog. factors that increase pressure on the expected recovery.
Burke is currently looking forward to what the next few years hold and the extent of the recovery that the aviation sector will experience. He said that the challenge posed by climate change remains one of the main focus areas for the sector. It is not easy. to achieve the goals of decarbonisation in this sector, as achieving any progress in this regard requires a long period of time. However, the sector is fully committed to this trend, especially in terms of fuel efficiency, sustainable aviation fuels, and the adoption of new hydrogen and electric propulsion methods as main paths to shape the future characteristics of the sector.
The list of the most prominent exhibitors participating in this year’s edition includes Etihad Engineering, Dubai South, Sanad, Heiko, Lufthansa Technic, Standard Aero, Hong Kong Aircraft Engineering Limited – Haikou, Gerflor and the Saudi Aerospace Engineering and Industry Company “Saee”.
The exhibition includes the comprehensive Airline Buyers programme, attracting the participation of 350 representatives from the most prominent regional and international airlines, including Emirates Airlines, Etihad Airways, Air Arabia, Air France, Pakistan International Airlines, Kenya Airways, Oman Air , flynas, Ryanair, as well as Flyadeal and Wizz Air. Kuwait Airways, Twi Fly Belgium, and others.
The final day of the Middle East Aircraft Maintenance, Repair and Refurbishment Exhibition and Aircraft Interior Design Conference 2022 will be held on February 23 at the Dubai World Trade Centre.
WAM/Munira Al-Sumaiti/Mohammed Nabil/Zakaria Mohieldin