The commercial aircraft modernisation, upgrade & retrofit market 2013 2023. pdf

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The Commercial Aircraft Modernisation, Upgrade & Retrofit

Market 2013-2023

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Contents 1. Executive Summary 1.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Overview

1.2 Benefits of This Report

1.3 Who is This Report For?

1.4 Methodology

1.5 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

1.6 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Forecasts 2013-2023

1.7 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Market Forecasts 2013-2023

2. Introduction to the World Commercial Aircraft Modernisation,

Upgrade & Retrofit Market

2.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Structure Overview

2.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Definition

2.3 An Insight into Some of the Main Factors which will Affect the Commercial Aircraft Modernisation, Upgrade &

Retrofit Market

2.4 Interesting Developments to Look Out for

3. World Commercial Aircraft Modernisation, Upgrade & Retrofit

Market Forecast 2013-2023 3.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market

3.2 Drivers & Restraints in the World Commercial Aircraft Modernisation, Upgrade & Retrofit Market

4. World Commercial Aircraft Modernisation, Upgrade & Retrofit

Submarket Forecasts 2013-2023 4.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Overview 2013-2023

4.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Avionics Submarket

4.2.1 Aircraft will need to Comply with New Flying Regulations making it Inevitable that Spending will occur in the

Avionics Submarket

4.3 World Commercial Aircraft Modernisation, Upgrade & Retrofit Cabin Interiors and IFE Submarket Forecast

4.3.1 It is all about Improving the Passenger Experience for the Cabin Interiors Submarket

4.4 World Commercial Aircraft Modernisation, Upgrade & Retrofit Airframe Submarket Forecast

4.4.1 Narrow Body Conversions will be Crucial to the Fortunes of the Airframe Submarket

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Contents 5. World Commercial Aircraft Modernisation, Upgrade & Retrofit

Regional Markets Forecast 2013-2023 5.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Markets Share Forecast 2013-2023

5.2 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

5.2.1 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

5.2.2 Fleet Renewals in North America make for Bad Reading but there are still Countless Opportunities for MRO

Providers

5.3 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

5.3.1 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

5.3.2 Frequent Maintenance Checks by Many Airlines mean that it’s not All Bad News

5.4 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

5.4.1 Asia Pacific Commercial Aircraft Modernisation Market Drivers & Restraints

5.4.2 Can the Asian Market Handle all the Demand for Modernisation, Upgrade & Retrofit Programmes?

5.5 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

5.5.1 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

5.5.2 Why there are Encouraging signs in the Middle Eastern Market

5.6 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

5.6.1 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

5.6.2 South America has Enormous Potential as a Market but Regulation is Still a Problem

5.7 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast2013-2023

5.7.1 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

5.7.2 Longer Term Growth Prospects in the African Region are Good

6. SWOT Analysis of the World Commercial Aircraft Modernisation,

Upgrade & Retrofit Market 2013-2023 6.1Strengths 6.1.1 New Aircraft, New Opportunities

6.1.2 Fleet Standardisation Counts 6.1.3 Business Traveller Numbers will Grow

6.1.4 Rising Fuel Prices Drive Demand for Lightweight Aircraft

6.2 Weaknesses

6.2.1It’s all about the Economy!

6.2.2 Early Retirements won’t be Good for Anyone

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Contents 6.3 Opportunities

6.3.1 Restructuring of Business Models

6.3.2 New Regulations, New Opportunities

6.4 Threats

6.4.1 Competition from OEMs will make it Difficult for Small Independent Providers

6.4.2 Out of Service Downtime

6.4.3 Fleet Upgrades Don’t make for Good News

7. Expert Opinion 7.1 Peter Murton -TAECO (part of HAECO)

7.2 HAECO’s Recent Involvement in Commercial Aircraft Modernisation, Upgrade & Retrofit 7.3 Technological Developments to Look Out For

7.4 Key Trends and Developments within the Commercial Aircraft Modernisation, Upgrade & Retrofit 7.5 Where does HAECO See Growth?

8. Leading Companies in the World Commercial Aircraft Modernisation,

Upgrade & Retrofit Market 8.1 AAR Overview

8.1.1 AAR – One of the Largest Independent MRO providers in North America

8.2 Ameco Beijing Overview

8.2.1 China’s Largest Aviation Maintenance Supplier is Ameco Beijing

8.3 Astronics Corporation Overview

8.3.1 Astronics Corporation acquires PECO Inc.

8.4 Aviation Partners Boeing Overview

8.4.1 Aviation Partners Boeing and the Winglet

8.5 Israel Aerospace Industries (IAI) Overview

8.5.1 Why IAI/Bedek Aviation Group is one of the Leading Companies in the Airframe Submarket

8.6 Diehl Aerosystems Overview

8.6.1 First Tier Supplier Diehl Aerosystems to offer Comprehensive Retrofit Solutions for Aircraft

8.7 EMTEQ Overview

8.7.1 EMTEQ – A Specialist in Avionics and Cabin Interiors

8.8 FACC AG Overview

8.8.1 FACC AG – From Structural Components to Cabin Interiors

8.9 Fokker Technologies Overview

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Contents 8.9.1 A New Governance Structure for Fokker Technologies

8.10 HAECO Overview

8.10.1 HAECO Expands, Sees Strong Demand for Cabin Modifications

8.11 Lufthansa Technik Overview

8.11.1 Lufthansa Technik Analysis

8.11.2 Structural Changes Planned at Lufthansa Technik

8.12 Sabena technics Overview

8.12.1 An Analysis of Sabena technics

8.13 SIAEC Overview

8.13.1 SIAEC – The Dominant MRO Provider in Singapore

8.14 ST Aerospace Overview

8.14.1 ST Aerospace Adds New Hangar Space to Meet Growing Demand

8.15 Thales Group Overview

8.15.1 Thales Group Continues to Play a Leading Role in IFEC Technologies

8.16 TIMCO Aerosystems Overview

8.16.1 TIMCO Aerosystems – Growing into the Cabin Interiors Submarket

8.17 Universal Avionics Systems Corporation Overview

8.17.1 Leading Avionics Retrofit Provider Universal Avionics Systems Corporation

8.18 Yokohama Rubber Company (YRC) Overview

8.18.1 An Analysis of Yokohama Rubber Company (YRC)

8.19 Zodiac Aerospace Overview

8.19.1 A Good Year for Zodiac Aerospace, the Company plans to Restructure its Cabin Interiors Segment

8.20 Other Notable Companies in the World Commercial Aircraft Modernisation, Upgrade & Retrofit Market

8.20.1 AmSafe

8.20.2 Global AirWorks

8.20.3 Honeywell

8.20.4 L-3 Communications

8.20.5 Moog Inc.

8.20.6 PGA Electronic

8.20.7 Regent Aerospace

8.20.8 Rockwell Collins

9. Conclusions 9.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Outlook

9.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints 9.3 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

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Contents 9.4 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Forecasts 2013-2023 9.5 Regional Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecasts 2013-2023

10. Glossary ____

List of Tables Table 1.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast Summary 2013, 2018,

2023 ($bn, CAGR %)

Table 1.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Forecasts Summary 2013,

2018, 2023 ($bn, CAGR %)

Table 1.3 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Market Forecasts Summary 2013,

2018, 2023 ($bn, CAGR %)

Table 3.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR %,

CAGR%, Cumulative)

Table 3.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 4.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Forecasts 2013-2023 ($bn, AGR

%)

Table 4.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Avionics Submarket Forecast 2013-2023

($bn, AGR %, CAGR%)

Table 4.3 World Commercial Aircraft Modernisation, Upgrade & Retrofit Cabin Interiors and IFE Submarket Forecast

2013-2023 ($bn, AGR %, CAGR%)

Table 4.4 World Commercial Aircraft Modernisation, Upgrade & Retrofit Airframe Submarket Forecast 2013-2023

($bn, AGR %, CAGR%)

Table 5.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Markets Forecast 2013-2023

($bn, AGR %)

Table 5.2 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR %, CAGR%)

Table 5.3 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 5.4 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major

Contracts/Programmes (Company, Date, Details)

Table 5.5 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR

%, CAGR%)

Table 5.6 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

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Contents Table 5.7 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major Contracts/Programmes

(Company, Date, Details)

Table 5.8 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn,

AGR %, CAGR%)

Table 5.9 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 5.10 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major


Table 5.11 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR %, CAGR%)

Table 5.12 Middle East Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 5.13 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major


Table 5.14 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR %, CAGR%)

Table 5.15 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 5.16 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major


Table 5.17 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR

%, CAGR%)

Table 5.18 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 5.19 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major Contracts/Programmes

(Company, Date, Details)

Table 6.1 SWOT Analysis of the World Commercial Aircraft Modernisation, Upgrade & Retrofit Market 2013-2023

Table 8.1 AAR Overview 2012 (Total Revenue, Revenue from MRO Segment, HQ, Ticker, Contact, Website)

Table 8.2 AAR Products / Services (Product, Specification)

Table 8.3 Ameco Beijing Overview 2012 (HQ, Website)

Table 8.4 Ameco Beijing Products / Services (Product, Specification)

Table 8.5 Astronics Corporation Overview 2012 (Total company sales, % Revenue From Commercial Transport, HQ,

Ticker, Contact, Website)

Table 8.6 Astronics Corporation Products / Services (Product, Specification)

Table 8.7 Aviation Partners Boeing Overview 2012 (HQ, Ticker, Website)

Table 8.8 Aviation Partners Boeing Products / Services (Product, Specification)

Table 8.9 IAI Overview 2012 (Total Sales, HQ, Ticker, Website)

Table 8.10 IAI Products / Services (Division, Product)

Table 8.11 Diehl Aerosystems Overview 2012 (Total Revenue, Revenue from Market, HQ, Ticker, Contact, Website)

Table 8.12 Diehl Aeroystems Products / Services (Product, Specification)

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Contents Table 8.13 EMTEQ Overview 2012 (HQ, Website)

Table 8.14 EMTEQ Products / Services (Division, Product, Specification)

Table 8.15 FACC AG Overview 2012 (HQ, Website)

Table 8.16 FACC AG Products / Services (Division, Product)

Table 8.17 Fokker Technologies Overview 2012 (Total Revenue, HQ, Ticker, Contact, Website)

Table 8.18 Fokker Technologies Products / Services (Division, Product, Specification)

Table 8.19 HAECO Overview 2012 (HQ, Ticker, Website)

Table 8.20 HAECO Products / Services (Product, Specification)

Table 8.21 Lufthansa Technik Overview 2012 (Total Revenue, HQ, Ticker, Contact, Website)

Table 8.22 Lufthansa Technik Products / Services (Product, Specification)

Table 8.23 Sabena technics Overview 2012 (Total Revenue, HQ, Website)

Table 8.24 Sabena technics Products / Services (Product, Specification)

Table 8.25 SIAEC Overview 2012 (Total Revenue, HQ, Ticker, Contact, Website)

Table 8.26 SIAEC Products / Services (Product, Specification)

Table 8.27 ST Aerospace Overview 2012 (Total Revenue, HQ, Ticker, Contact, Website)

Table 8.28 ST Aerospace Products / Services (Product, Specification)

Table 8.29 ST Aerospace Subsidiaries and Services for Modifications and Upgrades

Table 8.30 Thales Group Overview 2012 (Total Revenue, Revenue from Market, % Revenue From Market, Global

Market Share %, HQ, Ticker, Contact, Website)

Table 8.31 Thales Group Products / Services (Division, Product, Specification)

Table 8.32 TIMCO Aerosystems Overview 2012 (HQ, Website)

Table 8.33 TIMCO Aerosystems Products / Services (Product, Specification)

Table 8.34 Universal Avionics Systems Corporation Overview 2012 (HQ, Contact, Website)

Table 8.35 Universal Avionics Systems Corporation Products

Table 8.36 YRC Overview 2012 (Total Revenue, Revenue from Other Products, HQ, Website)

Table 8.37 YRC Products / Services (Division, Product)

Table 8.38 Zodiac Aerospace Overview 2012 (Total Revenue, HQ, Ticker, Website)

Table 8.39 Zodiac Aerospace Products / Services (Product, Specification)

Table 8.40 Other Leading Companies in the Market 2013 (Company, Product /service)

Table 9.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Table 9.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast Summary 2013, 2018,

2023 ($bn, CAGR %)

Table 9.3 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Forecasts Summary 2013,

2018, 2023 ($bn, CAGR %)

Table 9.4 Regional Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Market Forecasts Summary

2013, 2018, 2023 ($bn, CAGR %)

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Contents List of Figures Figure 2.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Structure Overview

Figure 3.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR%)

Figure 4.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Share Forecasts 2013-2023

($bn)

Figure 4.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarkets Share Forecast 2013 (%)



Figure 4.5 World Commercial Aircraft Modernisation, Upgrade & Retrofit Avionics Submarket Forecast 2013-2023

($bn, AGR%)

Figure 4.6 World Commercial Aircraft Modernisation, Upgrade & Retrofit Submarket Avionics Share Forecast 2013,

2018 and 2023 (% Share)

Figure 4.7 World Commercial Aircraft Modernisation, Upgrade & Retrofit Cabin Interiors And IFE Submarket

Forecast 2013-2023 ($bn, AGR%)

Figure 4.8 World Commercial Aircraft Modernisation, Upgrade & Retrofit Cabin Interiors and IFE Submarket Share

Forecast 2013, 2018 and 2023 (% Share)

Figure 4.9 World Commercial Aircraft Modernisation, Upgrade & Retrofit Airframe Submarket Forecast 2013-2023

($bn, AGR%)

Figure 4.10 World Commercial Aircraft Modernisation, Upgrade & Retrofit Airframe Submarket Share Forecast

2013, 2018 and 2023 (% Share)

Figure 5.1 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Markets Forecast Share 2013-

2023 ($bn)

Figure 5.2 World Commercial Aircraft Modernisation, Upgrade & Retrofit Regional Markets Share Forecast 2013

(%)


(%)


(%)

Figure 5.5 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR%)

Figure 5.6 North American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013,

2018 and 2023 (% Share)

Figure 5.7 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn,

AGR%)

Figure 5.8 European Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013, 2018 and

2023 (% Share)

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Contents Figure 5.9 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn,

AGR%)

Figure 5.10 Asia Pacific Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013, 2018

and 2023 (% Share)

Figure 5.11 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR%)

Figure 5.12 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013,

2018 and 2023 (% Share)

Figure 5.13 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023

($bn, AGR%)

Figure 5.14 South American Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013,

2018 and 2023 (% Share)

Figure 5.15 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn,

AGR%)

Figure 5.16 African Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013, 2018 and

2023 (% Share)

Figure 6.1 World Oil Prices 2003-2023 (Dollars per barrel, Brent Crude Oil)

Companies Mentioned in This Report AAR

Abu Dhabi Aircraft Technologies ADAT

ABX Air

Admiralty Partners Inc.

AERGO Cargo Solutions (AERGO)

Aerolineas Argentinas

Aeromexico

AeroMobile

Aeronautical Engine Inc

Aeronautical Engineers, Inc. (AEI)

Aeronaves TSM, S.A. de C.V. of Mexico

AF/KLM Engineering and Maintenance

AgustaWestland

Air Algèrie

Air Berlin

Air Canada

Air China Limited

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Contents Air France

Air Incheon

Air Mauritius

Air Moldova

Air Niugini

Air Tahiti Nui

Air Transat

Airbases Services Inc.

Airbus

Aircastle

AirTran Airways

Alitaila

Allied Air

Ameco Beijing

American Airlines

AMP International

AmSafe

Arik Air

ARINC Incorporated

Asiana Airlines

ASL Aviation Group

Astral Aviation

Astronics Advanced Electronic Systems Corp.

Astronics Corporation

Atlas Air

ATRAN Cargo Airlines

Austrian Airlines

Aveos

Avianca S.A

Aviation Capital Group (ACG)

Aviation Partners Boeing (APB)

Axis Airways

Azerbaijan Hava Yollari (Azerbaijan Airlines)

Azul Linhas Aereas

BA MRO

BAE Systems

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Contents Ballard Technology

Bedek Aviation Group

Beechcraft Corporation

Berkshire Partners

Bluebird Cargo

bmi

Boeing China Cargo Airlines

Boeing Shanghai Aviation Services Co., LTD

Bombardier Aerospace

Bombardier Learjet

Brit Air

British Airways

Brussels Airport

CargoAir

Cathay Pacific Airways

CDI Cargo Airlines (CDI)

Cebu Pacific

Cessna Aircraft Company

China Cargo Airlines

China Postal Airlines

China South Western

China Southern Airlines

Cloudwatt

Cobham Plc

COMAC

Continental Airlines

Contour Aerospace

Dassault Aviation

Delta Air Lines

Delta TechOps

Deutsche Lufthansa AG

DHL

DHL Express

Diehl Aerospace

Diehl Aerosystems

Diehl Aircabin

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Contents Diehl Comfort Modules

Diehl Group

Diehl Service Modules

DME Corporation

Drukair

EADS

EADS Barfield

EADS EFW

EADS Sogerma

Egypt Air

EL AL Israel

Embraer

Emirates

EMTEQ

Esterline

Ethiopian Airlines

Etihad Group

Euro Atlantic Airways

Eurocopter

Eva Air

FACC AG

FARNAIR Europe

FedEx

Finnair

Flightstar Aircraft Services

Fokker Aerostructures

Fokker Aircraft Services

Fokker Elmo

Fokker Landing Gear

Fokker Services

Fokker Technologies

FTSE Group

Gatwick Airport

GE Capital Aviation Services (GECAS)

GKN

Global AirWorks

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Contents GOL

Goodrich Corporation

Guggenheim Aviation Partners (GAP)

Gulfstream Aerospace Corporation

Hamilton Sundstrand

Hawaiian Airlines

Hawker Aircraft

Heath Tecna

Honeywell

Hong Kong Aircraft Engineering Company Limited (HAECO)

Hong Kong Dragon Airlines Limited

Hong Kong International Airport

iAccess Technologies

IAMCO

Icelandair Technical Services

Indigo

Inmarsat

Innovative Solutions & Support

Israel Aerospace Industries ltd (IAI)

JAMCO Aero Design and Engineering (JADE)

Japan Airlines (JAL)

Jetran Air

Jetran International

Jiuzhai Huanglong Airport

Kahala Aviation

Kenya Airways

KLM

KLM Cityhopper (KLC)

L-3 Communication

L-3 communications Integrated Systems

LATAM

LCF

Lhasa Gonggar Airport

Lockheed Martin

London Heathrow

Lufthansa German Airlines

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Contents Lufthansa Technik AG

Lufthansa Technik Qantas Engineering

Lufthansa Technik Switzerland

Luminescent Systems Canada Inc. (LSI Canada)

Luminescent Systems Inc

Magellan Air

Marmon Group.

McDonnell Douglas

Messier Services

MNG Technic

Moog Aircraft Group

Moog Group

MSCI Singapore

New Doha International Airport (NDIA))

New York JFK Airport

Ngari Gunsa Airport

Northrop Grumman Corporation

Nouvelair

Nyingchi Mainling Airport

Okay Airlines

Omni Air International

Panasonics Avionics Global

Paris Charles De Gaulle Airport

PECO Inc.

PEMCO

PGA Electronic

Polar Air

Pratt & Whitney

Qamdo Bangda Airport

Qatar Airways

Raytheon

Regent Aerospace

Rockwell Collins

Rolls-Royce

Royal Air Maroc

SAA CARGO

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Contents Sabena

Sabena technics

Samsung Group

Saudi Arabian Airlines

SHAECO

Shanghai Foreign Aviation Service Corporation

Shanghai Taikoo Aircraft Engineering Services Company Limited (STA),

Shanghai Technologies Aerospace Company

Shenzhen Donghai Airlines

Shigatse Peace Airport

SIA Engineering Company (SIAEC)

Sideral Air Cargo

Singapore Airlines

Singapore Airport

Singapore JAMCO

Société Mallet, Mélandri et de Pitray

Sofradir

South African Airlines

Southwest Airlines

SR Technics

ST Aerospace

ST Aerospace Engineering

ST Aerospace Mobile

ST Aerospace Panama

ST Aerospace San Antonio

ST Aerospace Services

ST Engineering

Stork BV

Stork Technical Services

Stratasys

Sukhoi

Swiss International Air Lines

Sysgo

Taikoo (Shandong) Aircraft Engineering Co. Ltd. (STAECO)

Taikoo (Xiamen) Aircraft Engineering Co. Ltd. (TAECO)

TAM Brazil

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Contents Tampa Cargo

Tampa Microwave

TAP M&E

Tenryu Aero Component

Thales Group

The Boeing Company

The Greenbriar Group

The IMS Company

The Pritzker Group

TIMCO Aerosystems

TIMCO Aviation Services

T-Mobile

TNT Airways

Tokyo Narita

Touraine Air Transport (TAT)

Transaero Airlines

TransDigm Group

Tucson International Airport

Tunis Air

Tupolev

Turkish Airlines

United Airlines

Universal Avionics Systems Corporation

UPS

US Airways

USA Jet

USA Today

UTair

Virgin Atlantic

Visionix

Volant Aerospace

Volga Dnepr Group

World Airways

Yangtze River Express

Yokohama Aerospace America Inc. (YAA)

Yokohama Rubber Company Ltd. (YRC)

http://www.yrc.co.jp/english/index.html

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Contents Zodiac Aerospace

Government Agencies and Other Organisations Mentioned in This Report

Civil Aviation Administration of China (CAAC)

EUROCONTROL

European Aviation Safety Agency (EASA)

European Union (EU)

Federal Aviation Administration (FAA)

Hong Kong Civil Aviation Department (HKCAD)

Hong Kong's Airport Authority

International Air Travel Association (IATA)

International Civil Aviation Organisation (ICAO)

National Aeronautics and Space Administration (NASA)

Organization of Petroleum Exporting Countries (OPEC)

Royal Government of Bhutan

UK National Statistics Bureau

US Department of Transportation

Page 68

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The Commercial Aircraft Modernisation, Upgrade & Retrofit Market 2013-2023

5.5 Middle Eastern Commercial Aircraft Modernisation, Upgrade and Retrofit Market Forecast 2013-2023

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2013-23

Sales $bn 0.90 0.95 0.99 1.04 1.09 1.15 1.21 1.27 1.35 1.43 1.51 12.88

AGR (%) 4.5 5.0 5.0 4.9 4.8 5.5 5.2 5.3 5.7 5.9 6.0

2018-23 5.6

5.3

5.0CAGR (%) 2013-18

CAGR (%) 2013-23

2013 2018 2023

0%

1%

2%

3%

4%

5%

6%

7%

0.00.20.40.60.81.01.21.41.6

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Mkt Value ($bn) AGR (%)

Year

Sale

s $b

n

AGR

%

9.7%

10.0%

10.5%

Source: Visiongain 2013

Table 5.11 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR %, CAGR%)


Figure 5.12 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Share Forecast 2013, 2018 and 2023 (% Share)


Figure 5.11 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Forecast 2013-2023 ($bn, AGR%)

Page 69

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5.5.1 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints

Drivers Restraints • Heavy maintenance checks are carried

out at short intervals. • Many Middle Eastern airlines have

been at the forefront of adopting new Wi-Fi technologies on board their aircraft. They have also placed an emphasis on improving business and first class facilities in the cabin.

• The number of aircraft flying in the Middle East is much smaller than in any other region.

• There are only a handful of providers who have the expertise and ability to carry out engineering work.

• The political and security situation in certain parts of the region is affecting passenger numbers which are well down on previous years.

Company Date Details Qatar Airways January

2012 Planned to halve the number of business class seats it

provides on B777-300ER operated flights linking Doha and

leisure-orientated cities in South East Asia. The routes in

question were between the Gulf and the Thai capital of

Bangkok and the Philippines capital of Manila. They also

included Saigon and Hanoi in Vietnam. Insufficient demand on

these routes for a 42-seater business class zone appears to be

the reason for the decision. Emirates/AMP International

March 2012 Has already selected the Cobham HGA-7001 for its new

production of B777s, of which 37 are in active service, and a

further 96 are expected to enter service over the next nine

years.

EL AL Israel April 2012 Selected Global AirWorks CDSS System for its entire fleet of

aircraft - B737NG, B747, B767 and B77.

Etihad/ Panasonics

December 2012

Launched its first A330-200 aircraft fitted with its new Etihad

Wi-Fly internet and mobile connectivity. The technology is

Table 5.12 Middle East Commercial Aircraft Modernisation, Upgrade & Retrofit Market Drivers & Restraints


Table 5.13 Middle Eastern Commercial Aircraft Modernisation, Upgrade & Retrofit Market Major Contracts/Programmes (Company, Date, Details)

Page 85

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7. Expert Opinion 7.1 Peter Murton - TAECO (part of HAECO)

Peter Murton is the Vice President of Commercial, Cabin Completion Centre, Taikoo (Xiamen)

Aircraft Engineering Co. Ltd. (TAECO). TAECO is a subsidiary of the HAECO Group, one of the

world’s leading aeronautical engineering groups. Peter Murton kindly provided answers to

Visiongain’s questions in September 2013.

7.2 HAECO’s Recent Involvement in Commercial Aircraft Modernisation,

Upgrade & Retrofit

Visiongain: Could you outline HAECO’s recent involvement in commercial aircraft

modernization, Upgrade & Retrofit?

Peter Murton: The HAECO Group has many years of experience in the refurbishment,

modification and reconfiguration of commercial aircraft cabins as an installation provider at its two

main MRO locations in Hong Kong and Xiamen, mainland China. The HAECO Group has built up

an excellent reputation in this area, having modified or reconfigured over 250 aircraft cabins, which

probably ranks us as a top player worldwide for top tier airlines from the USA, Europe and the Asia

Pacific. Our technical experience and operational efficiency has also made us a preferred

installation partner of the major cabin integration houses.

The HAECO Group has also developed capabilities that complement its strength in the traditional

MRO arena with higher value services such as Inventory Technical Management (ITM) and Fleet

Technical Management (FTM). Furthermore, the HAECO Group now has cabin engineering design

talents spread across three locations; Hong Kong, Xiamen in mainland China and San Antonio in

the US operating under the brand of HAECO Cabin Solutions, in order to complement its VIP cabin

completion services. The Group now holds design approvals from the HKCAD and CAAC, and has

set up a certification house in San Antonio specifically to handle FAA certification projects.

The HAECO Group is currently undertaking its first turnkey cabin project encompassing

programme management, engineering design, vendor management, certification and installation

for the complete green cabin completion of 3 x 767-300s that will be delivered straight from Boeing

to the HAECO Group’s TAECO facility in Xiamen. The aircraft will have a two class cabin with lie-

flat business class seats and economy seats, complete with in-seat IFE. The HAECO Group is

obtaining an FAA STC and concurrent EASA STC for this project.

Page 88

www.visiongain.com


8. Leading Companies in the World Commercial Aircraft Modernisation, Upgrade & Retrofit Market

8.1 AAR Overview

2012 Total company revenue $bn $2.064bn

Revenue from MRO Segment $422,169

Headquarters Illinois, USA

Ticker AIR

IR Contact Tel: 630-227-2075

Website www.aarcorp.com

Product Specification Overhaul and Modifications

Capabilities include aircraft inspection and repair; major airframe modifications; avionic service and installations; structural repair; exterior and interior refurbishment; and complete engineering service and support.

8.1.1 AAR – One of the Largest Independent MRO providers in North America

AAR was incorporated in 1955 and serves passenger airlines, cargo carriers, tier two suppliers and

aircraft and engine OEMs with diverse MRO, engineering (including modifications and upgrades),

logistics and precision fabrication capabilities. AAR provides both stand-alone services and

customized, integrated solutions. The company states that it is the largest independent provider of

MRO services in North America.

AAR operates 1.3 million square feet of hangar space and specializes in maintenance checks,

modifications/conversions, installations and paint services, with an emphasis on heavy C and D


Table 8.2 AAR Products / Services (Product, Specification)


Table 8.1 AAR Overview 2012 (Total Revenue, Revenue from MRO Segment, HQ, Ticker, Contact, Website)