“The 737NG fleet is large and drives a lot of maintenance requirements,” says Troy Jonas, US MRO provider AAR.
According to Troy Jonas. there will be more than 5,000 Boeing 737-800s in service by the end of this year, and will drive a steady demand for maintenance work for the foreseeable future.
Aviation Week Network predicts the maintenance market for all 737 types to reach $21.7 billion in 2018. Of that total, 41% is for component work, 27% for engine maintenance, 22% for line maintenance, 5% for airframe work and 5% for modifications.
Most of that MRO demand is for the 737-800, which will provide $14.7 billion of maintenance value in 2018, rising to almost $16.6 billion in 2022.
Lithuanian MRO provider FL Technics reports that 737NGs entering its hangars are on average 9.5 years old, the age when aircraft of that type approaching their first heavy check.
This is a great news for aircraft maintenance service providers.