vMRO Middle East demonstrates positive outlook for aviation sector recovery in the region

Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR

  
vMRO Middle East demonstrates positive outlook for aviation sector recovery in the region

DUBAI, United Arab Emirates: MRO Middle East commenced today at Dubai World Trade Center (DWTC), welcoming industry leaders, buyers and specialists from across the Maintenance, Repair and Overhaul (MRO) segment of the aviation industry.

An opening session by Michael Wette, Partner at Oliver Wyman highlighted the continuing challenges the aviation sector faces but also revealed some positive signs and predictions. Recent forecasts by the consultancy predict that the Middle East global commercial fleet is forecast to have long-term growth of 4.2% CAGR, recovering to its pre-COVID size in 2023. A survey conducted shows that the majority of respondents expect MRO demand to recover in 2022.

Wette commented: “Airlines and MROs have shown incredible versatility to mitigate the effects of the pandemic. The smaller fleet that emerges in 2022 will be more lean and efficient. However, labour availability will soon return as a critical challenge for MRO.”

During the busy opening day of MRO Middle East, Boeing and Turkish Technic announced today a renewed tailored parts package agreement, extending the MRO provider’s current contract by three years. The contract will enable Turkish Technic to reinforce its efficiency, reliability and access to a global network of parts and component services.

Joramco and VD Gulf (UAE) also signed a framework agreement on MRO cooperation. Under the agreement, both independent MROs aim to expand their existing capabilities and capacity, optimize their synergies for a one-stop-shop upscaled customer experience, in addition to encouraging and promoting sustainable development for both organizations.

Jeff Wilkinson, Joramco CEO commented, “We are excited to work hand in hand with VD Gulf to extend our support and commitment to our valued customers across the globe. This successful collaboration shows that Joramco and VD Gulf are both trusted MRO companies and will form the future of the MRO industry in the region to adapt to customers’ needs”.

Other exhibitors at this year’s MRO Middle East include Etihad Airways Engineering, Jordan Aeronautical-Systems Company, Liebherr Middle East, Mohammed Bin Rashid Aerospace Hub, Sanad, Inc. SR Technics, and Turkish Technic

Felipe Cano, Commercial Director, Buildair Engineering & Architecture commented: “We’re exhibiting our latest and innovative airtight technology fitted hangars, at this year’s MRO Exhibition, which is a great platform to showcase new technology. It is also the right place for us to reconnect and realign with the industry and plan for future growth.”

MRO Middle East features a two-day free to attend Go Live! Theater with an agenda led by more than 25 expert speakers from the region.

All visitors benefit from the complimentary content taking place during exhibit hall hours, allowing them to combine networking and learning under one roof.

MRO Middle East maintains the highest standard of health and safety measures, including contactless registration, face mask mandates and social distancing. Proof of vaccination or PCR tests are not mandatory for trade exhibitions in Dubai.

-Ends-

Aviation Week’s MRO Middle East is taking place on the 15-16 June 2021, at Dubai World Trade Centre (DWTC). MRO Middle East provides the ideal platform for suppliers and developers seeking to increase their presence in one of the fastest growing regions.

MRO Middle East features a two-day exhibition for key professionals uniting airlines and suppliers to provide the perfect environment to network and discuss the latest trends, regulations and issue impacting this industry. http://mromiddleeast.aviationweek.com/ 

About Aviation Week Network

Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defense industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world's leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising.

Aviation Week Network is part of Informa Markets, a division of Informa PLC.

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Aviation, Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world's leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com 

About Tarsus F&E LLC Middle East

Tarsus F&E LLC Middle East is one of the most influential names in the aerospace industry's events sector, and which launched the very first Dubai Airshow in 1989, in conjunction with Dubai Civil Aviation Authority, Dubai Airports and the UAE Armed Forces.

Covering all aerospace-related events in the Tarsus portfolio, Tarsus F&E LLC Middle East has a long-standing relationship with the global aerospace industry, an in-depth knowledge of the market and a hard-earned reputation for delivering event excellence. Tarsus F&E LLC Middle East maintains offices in Dubai and London.

Other events organised by Tarsus F&E LLC Middle East include Dubai Airshow www.dubaiairshow.aero and MEBAA Show www.mebaa.aero 

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