Lufthansa Technik forecasts full recovery for MRO in 2012
Lufthansa Technik Executive Chairman, August Wilhelm Henningsen, forecasts a full recovery for the MRO market would not come until 2012, due to the lag between the state of the airline industry and the MRO sector (Shephard.co.uk, 23-Sep-2009). While the MRO market is still growing, Mr Henningsen stated overcapacity is still affecting prices, which is harmful to potential investments and efficiency development. He also stated that airlines and MRO providers must combine better to put pressure on original equipment manufacturers to combat escalating prices.
Lufthansa Technik: “We are adjusting our strategy for the downturn and see no recovery until 2011, but mainly in 2012. That’s mainly down to there being a lag between the state of the airline industry and the state of the MRO industry. But we can be happy that we are in a growing industry - not all industries can say that,” August Wilhelm Henningsen, Executive Chairman. Source: Shephard.co.uk, 23-Sep-2009