Precision Metal Spinning: Positioned for Growth as Aviation Fleet Rebounds Post-Covid

Precision Metal Spinning: Positioned for Growth as Aviation Fleet Rebounds Post-Covid

In the Forbes article “After Covid, The Global Commercial Aviation Fleet Starts To Grow Again,” it’s reported that the global commercial aviation fleet has rebounded from the impacts of the Covid-19 pandemic, which led to thousands of aircraft being grounded or retired prematurely. After a three-year recovery period, the fleet has reached 98% of its pre-pandemic level and is poised for further growth.

According to Oliver Wyman’s Global Fleet and MRO Market Forecast 2023-2033, the aviation industry is projected to expand the fleet to over 36,000 aircraft by 2033, despite falling short of pre-pandemic growth expectations. Despite challenges like supply chain disruptions and labor shortages, the industry’s resilience is evident with a projected 2.9% compound annual growth rate for the decade.

Strategically positioned to capitalize on the resurgence in the aviation sector, leveraging expertise and capabilities to meet the evolving demands of the industry.

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Article with all rights reserved, courtesy of forbes.com

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