The good, the bad and the ugly: the shape of things to ... - AviTrader

Editor‘s Page 3
The good, the bad and the ugly: the shape of things to come in 2012
WE ARE DELIGHTED TO BRING yOU our
December issue of AviTrader MRO, our final
for the year - and what a year it has been,
from the record orders for aircraft, engines
and services coming out of Le Bourget and
Dubai to the dire forecasts for recession and
billion-dollar losses in the industry offered earlier
this month by IATA.
It’s not the first time that the aviation industry
will have been faced with crippling financial
circumstances, and it’s a given that the MRO
sector will weather the storm, almost certainly
stronger for the experience and probably minus
a few members as the laws of survival lead
to continued consolidation and cutbacks.
As you’ll see in these pages, a number of industry
professionals took the time to share with us
their hopes and fears for the year ahead. Without
exception, they believe it won’t be an easy
12 months, but it’s clear that the impact of the
Contents
coming downturn will depend very much on
where you live and work.
One case in particular caught our attention
this month: TAP Maintenance & Engineering,
part of Portugal’s state-owned TAP group that
is earmarked for privatization by the Portuguese
government by next June as part of the
country’s austerity drive. With one foot firmly
planted in the burgeoning Brazilian MRO market
and the other in struggling Europe, the
company is courting bids from both sides of
the Atlantic in a process that could well characterize
market dynamics in the year ahead.
Long-established operators from the old continent
looking at unrivalled routes to Brazil -
or ambitious ‘new world’ suitors keen to take
on South America’s biggest MRO and build
it from there? This time next year, we’ll look
back and say that we saw it coming!
Again, we thank the IBA for their invaluable
The future of TAP M&E’s facilities in Rio de Janeiro will be decided by June 2012 TAP M&E Brazil
Industry News - Events . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Company News - Sabena technics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Technology News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Cover Story: The MRO Outlook for 2012 . . . . . . . . . . . . . . . . . . . . . . . . 8-15
Cover Story: The MRO Outlook - IBA Perspective . . . . . . . . . . . . . . . . . 8-11
Cover Story: The MRO Outlook - The Case for South America . . . . . . . . . 12
The Aftermarket Heats Up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13-14
Lessor Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
IBA Analysis: The Dubai Airshow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
News in Brief . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19-23
Industry People on the Move . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
contributions over the year, and this month
in particular, with commercial manager Ben
Jacques’ insight into what lies ahead in 2012 as
well as his analysis of the astonishing volume of
orders from last month’s Dubai Airshow.
We look forward to another 12 months of
bringing you the latest industry news and exclusive
market insight, not just in the pages of
AviTrader MRO but also our AviTrader Weekly
News Headlines and our Daily News Alert.
Looking ahead to the New Year, we’ll be bringing
you our ‘Engine Issue’ in January, with a focus
on spare engine availability and spare engine
parts, while February will take us to Asia to see
how companies both in the region and beyond
are preparing to get a piece of this fast-growing
MRO market. March will see our main story devoted
to the repair and logistics of wheels and
brakes. As usual, we welcome your input - send
your comments to us at editor@avitrader.com.
AviTrader
MRO
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Catherine Davies, Editor
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AviTrader MRO - December 2011