This is a republished article from our Sponsor: FSMOne.com
FSMOne is one of the lowest cost brokerages in Singapore. To find out more do check out FSMOne.com
While improving air connectivity and rising global wealth are driving growth in air travel worldwide, it is the lucrative after-sales service market that may be an even more attractive sector for investors to be in.
The increasing demand for air travel has driven up the demand for new aircrafts to support this huge influx of passengers. With every aircraft requiring maintenance and repair services, we see immense potential in the MRO market as global fleet increases.
As Singapore holds a global market share of 10% and accounts for a quarter of Asia’s MRO business, our local players are in a very good position to benefit from the growing after-sales market, especially in the Asia Pacific region, which is expected to generate the biggest growth.