Aviation: Changes in the part out market

The tear down and part out market for commercial aircraft has seen significant change over the past 6 years.  The advent of the recession brought significant uncertainty in the leasing and operating market and a drive towards the use of cheaper, used parts to salve squeezed operator margins led to the tear down of younger aircraft that could not be put more fruitfully out into the market on long term lease.

Richard Mumford, head of aviation at Stevens & Bolton LLP, has looked at these changes in the market in a comment piece published today on the MRO Network.

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