Rapid Urbanization and Economic Growth Fuel Expansion in the Air Transport MRO Market Projected to USD 130 Billion by 2033 | Future Market Insights, Inc. [Yahoo! Finance]
AAR Corp. (AIR)
Last aar corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
Apart from this, increasing focus on aircraft maintenance, efforts to provide latest onboard services, and the demand for cost-effective servicing solutions will further improve growth prospects on the market. NEWARK, DE / ACCESSWIRE / December 9, 2024 / The global Air Transport MRO Market is estimated to reach a valuation of USD 79.2 billion in 2023 and is projected to grow to USD 130 billion by 2033, reflecting a CAGR of 5% over the forecast period. This growth is driven by rapid urbanization, economic development in emerging markets, and a surge in business and tourism-related air travel. Key factors influencing the market include rising air traffic, the expanding global fleet, and higher aircraft utilization rates. Additionally, the increasing prevalence of individual air travel for both business and personal purposes is expected to boost aircraft production, indirectly supporting the MRO market's growth. Innovations in aircraft MRO software are creating new business opportu
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AIR
News
- AAR named one of America's Most Responsible Companies 2025 by Newsweek [Yahoo! Finance]Yahoo! Finance
- AAR named one of America's Most Responsible Companies 2025 by NewsweekPR Newswire
- AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolio [Yahoo! Finance]Yahoo! Finance
- AAR announces divestiture of non-core Landing Gear Overhaul business to optimize portfolioPR Newswire
- ‘Higher-ups are in our pocket' — An aviation giant with billions in military contracts admits to bribing officials in Nepal and South Africa [Fortune]Fortune
AIR
Earnings
- 9/23/24 - Miss
AIR
Sec Filings
- 12/20/24 - Form 8-K
- 12/19/24 - Form 8-K
- 12/2/24 - Form 4
- AIR's page on the SEC website