PEACHTREE CITY, USA – Aventure Aviation spoke on the panel “Parts supply–Market Status and Future Direction” at the Airline Economics Asset Trading Convention, held May 30 and 31 at the Miami Intercontinental Hotel in Miami, Florida.
The panel featured five business leaders, who shared their experiences with the current challenges facing their industry. They discussed the increased demand by airlines for serviceable used parts needed to operate their older aircraft longer, due to delivery delays of new aircraft from Airbus and Boeing.
The aviation maintenance, repair and overhaul sector is seeing a significant increase in activity. With engine shops backed up, there is further demand for parts to keep airlines flying.
The panelists agreed that airline flights will rebound over the summer, based on a record number of advance passenger reservations. However, the pressure on aircraft asset trading and maintenance will be a major challenge for the next two years.
Aventure Aviation CEO Zaheer Faruqi highlighted the company’s acquisition of 19 airframes in recent months to position Aventure with significant Airbus and Boeing parts inventory for customers.
“The demand for re-certified parts has recently skyrocketed,” said Zaheer. “This has confirmed that our strategy to acquire a record number of airframes was well-thought-out.”
