Airlines’ penchant for refurbishing aircraft instead of phasing them out of their fleets will continue in the medium-term, a Middle Eastern MRO executive predicts.
Mansoor Janahi, deputy CEO, Turbine Services and Solutions (TS&S), says the trend for taking the refurbishment over retirement route will continue due to a number of factors.
“As aircraft engines age in technology, coupled with the low oil price environment, airlines continue to operate mature aircraft and are focused on keeping costs under control,” he says. “This means that older aircraft are being refurbished rather than retired.”
Janahi said Abu Dhabi-based TS&S, owned by Mubadala Investment Company since 2014, remains committed to its existing product lines, with the company currently offering services on engines including the Rolls-Royce Trent 700 and the V2500.
“We have ambitious plans to enhance our operations in the next few years, and envision that we can expand our business to new markets,” he says.
Some of TS&S's expansion plans include developing full repair capabilities for the Trent XWB and GEnx in the next few years, building on an initial cooperation signed at the 2013 Dubai Airshow.
Aviation Week’s Airline Engineering & Maintenance: Middle East conference will take place in Dubai on Jan. 22, followed by MRO Middle East from Jan. 23-24.