Friday, April 25, 2014
Aircraft Dismantling Market to Reach $80 Million, Study Says
[Aviation Today April 25, 2014] According to a new study by aviation consulting firm TeamSAI Consulting, the global market value for aircraft dismantling is projected to reach $80 million in 2014.
The industry study was conducted in partnership with the Aircraft Fleet Recycling Association (AFRA). An increase in the number of aircraft reaching the end of their economic life cycles is leading to the $80 million market, the study says.
"This study underscored the impact that currently high levels of aircraft retirements [are] having on the aftermarket supply chain, especially for mature fleets," said David A. Marcontell, president of TeamSAI.
Marcontell said the recycling of components from retired aircraft is creating close to $3.2 billion worth of harvested parts to be made available to the commercial aviation supply chain in the form of aftermarket parts. The study indicates the recycled parts offer nearly 50 percent in savings as compared to new Original Equipment Manufacturer (OEM) parts.