Boeing & Airbus push boundaries, enter after-sales service market
Category: #world  By Satarupa De  Date: 2018-05-14
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Boeing & Airbus push boundaries, enter after-sales service market

Riding high on the success of transcontinental airliners, renowned aircraft manufacturers Boeing and Airbus apparently now, are aiming to penetrate after-sales service market. Reportedly, these aircraft giants are set to aggressively expand their business in this sector, having planned to conduct operations for the repair, maintenance and overhaul of aircrafts, in addition to the training and part supply.

While the rising frequency of air travel across the globe has made these giants ramp up their production by many folds, the lucrative multi-billion-dollar aircraft services space is now reported to be their latest investment spot.

For the record, the American and the European aircraft conglomerates have already conducted business operations in the after-sales sector earlier. However, this time they are reviving their emphasis on post delivery service on a more large-scale basis in a quest to win a better slice of the market share and directly confront other players like U.S.’s AAR and the Germany based Lufthansa.

If analysts are to be relied on, the after-sales service market is claimed to hold more potential in terms of commercialization than the actual aircraft sale market as the former encompasses a diversified spectrum.  In fact, as per Boeing’s speculation, the valuation of 41000 aircrafts that is reported to be delivered over the coming two decades worldwide will cost nearly USD 6 trillion, while the post service demand to support this may be worth USD 8.5 trillion.

Airbus on the other hand, whose market share from services was almost USD 3.2 billion in 2017, has a plan to expand its facility by nearly 8000 square meters in 2019. Allegedly, both Boeing and Airbus has major pilot training centers in Singapore. Experts believe that the already existing expertise and intimate knowledge of both the giants in this field, in all likeliness, would play as an advantage in their mission of delivering after sales support over others.



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Satarupa De

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Satarupa De

Satarupa develops content for Market Size Forecasters, Algosonline, and various other portals. An electrical engineer by qualification, she worked for two years in the core domain before switching her professional genre. Following her childhood passion, she opted for ...

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