Asia-Pacific Aircraft MRO Market Share

Market Share of Asia-Pacific Aircraft MRO Industry

ST Engineering, SIA Engineering Company, Hong Kong Aircraft Engineering Company Limited (HAECO), AAR CORP, and Lufthansa Technik AG lead the MRO market in Asia. While historically dominated by Singapore and Hong Kong, other Asian nations are ramping up their MRO investments, aiming to emulate the success of their regional counterparts. Notably, Indonesian and Thai firms are emerging and poised to challenge the established players from Singapore. This shift promises to reshape the competitive dynamics in the region. Recognizing the vast potential of the Asia-Pacific aviation sector, global players are swiftly establishing footholds in the region. 

AAR secured new maintenance contracts from China, Japan, and India, signaling its intent to bolster its regional presence through strategic partnerships and joint ventures. 

October 2023: China Airlines opted for Lufthansa Technik AG's Aircraft Transition Services with a three-year deal. The agreement focuses on transitioning 12 Boeing 737-800 and 17 Airbus A330 aircraft. This extensive contract spans 29 projects in Asia-Pacific, leveraging Lufthansa Technik's track record of over 400 successful transitions across the world. Collaborating with Lufthansa Technik underscores China Airlines' confidence in its logistic and technical prowess, extending from initial appraisals to long-term asset management and lease return support. Lufthansa Technik's tailored services aim to streamline these intricate operations, ensuring minimal disruptions during aircraft transitions. Such services are pivotal for airlines, especially when managing leased aircraft, as they navigate through extensive documentation, regulatory compliance, and stakeholder coordination. The expertise of seasoned MRO providers like Lufthansa Technik is invaluable. By partnering with Lufthansa Technik, China Airlines secures top-tier technical support and stands to benefit economically. Lufthansa Technik's expertise in managing transitional phases helps China Airlines strike a balance between operational readiness and cost efficiency. Furthermore, as OEMs tighten their grip, smaller MRO facilities are adapting their business models to navigate the escalating competition in the Asia-Pacific market.

Asia-Pacific Aircraft MRO Market Leaders

1. Hong Kong Aircraft Engineering Company Limited (HAECO)

2. ST Engineering

3. SIA Engineering Company

4. Lufthansa Technik AG

5. AAR CORP.

*Disclaimer: Major Players sorted in no particular order