The Southeast Asia aircraft MRO market is valued at USD 4. 2 billion in 2020 and is expected to reach a value of USD 6. 5 billion by 2026 while registering a CAGR of 8. 98% during the forecast period.
New York, Aug. 18, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Southeast Asia Aircraft MRO Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06129756/?utm_source=GNW
Prior to 2020, the air passenger traffic and new aircraft orders were increasing rapidly in the region, which attracted global MRO players to enter the market and expand. However, the outbreak of COVID-19 caused a severe downturn in the airline and associated industries. Major airlines have now restructured their growth strategies, which include early retirement of few aircraft, postponement of new aircraft deliveries, cutting down the…
