1. AVIATION MANAGEMENT. Maintenance, Repair and Overhau

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AVIATION MANAGEMENTMaintenance, Repair and Overhaul
1IntroductionThe MRO i.e. Maintenance, Repair and overhaul are the landscape which is being disintegratedby the emergence of the advanced technologies and the expanding presence of the manufacturersof the original equipment in the market. Further, the challenges are being examined, and aframework is being proposed through which the service providers of the MRO can abide in orderto deliver the value. Further the country i.e. India is selected to calculate the future and presentoperators. Also, the fleet volume is given along with the composition and the size, and for it,wide bodies are being considered. Further, the existing MROs are explained along with thepotential growth of the business. Further, the report will help in investigating the possibility inorder to set up a new MRO.Present/future operatorsThe Indian maintenance, repair and overhaul industry was worth USD 700 million in the year2011, and it is further estimated to expand to around USD 1.4 billion by the end of 2020. Atpresent, India includes I percent of the MRO market globally which is worth USD 47 billion.The expanding preference for India's air travel is the middle class which is less-served. Furtherthe industry focuses in order to optimize the cost of the operations of aircraft which offers thestrong foundation for the MRO industry of India in order to enhance the capabilities to achievethe global excellence standards. Developing an MRO is capital intensive along with a hugebreak- even point. Operating the MRO is highly relied on investing in the correct manpower thatis continuously trained and utilized optimally through a great focus on the quality and the time. Itfurther requires the regular siege in the tooling and the certification from the regulators of thesafety, for example, Administration of Federal Aviation(Blog.sunsea.in, 2016). Therefore, the
2operators of the aviation industry are clearly determined and focused in order to maximize theprofitability and expand in future.Fleet volumesThe maintenance, repair and overhaul industry of India is poised for the expansion, but firstly ithas to overcome the hurdles. The aviation sector of India is one of the most dynamic sectorsacross the globe. It has been assumed that it has 15 percent of the growth rate of the annualpassenger traffic which triggers the expansion of the fleet within the various airlines of thecountry. Further, it will cause the modernization and the expansion of the infrastructure of theairport. It has been observed from the various researches that the rising number of passengersand the expansion of fleets along with the arrival of carriers in the market which is of low costhas further opened up a pasture of fresh and new opportunities for the international providers ofthe MRO services(Aviationspaceindia.com, 2016). India, along with its expanding aircraft fleetvolumes, strategic advantage of the location, rich pool of the expertise of engineering and theminimum cost of the labor has a great potential in order to become a global hub of MRO.Size and compositionDuring the year 2016, the passenger traffic of the domestic air increased to 64 million ascompared to the previous year which was 52 million. According to the reports, the totalmovement of the aircraft at the Indian airport was around 168,000, and it is 14 percent more thanthe previous year. Whereas, the movement of international aircraft maximized by 8 percent andthe movements of the domestic aircraft maximized by 15 percent this year as compared to theprevious year i.e. 2015. Further, the traffic of Indian domestic air is being predicted to crossaround 90 million passengers by the end of FY2017. It is being researched that India is one of
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