AAR Corp Parts Supply and Engineering Initiatives
Aircraft parts and maintenance markets
AAR's markets are large and growing
$120
$100
$80
$60
$40
$20
$0
$102B
6.6% CAGR
5.3%
CAGR
Airframe Heavy &
Modifications
•
Global MRO market spend forecasted to return to
pre-pandemic levels in calendar year 2023
• Older aircraft fleet expected to drive incremental
MRO demand in near-term
$84B
3.7%
CAGR
Line
Maintenance
2022A
7.2%
CAGR
Components
• As new aircraft production ramps-up, older
aircraft will be retired, providing USM feedstock
•
Engine MRO market drives majority of demand
for AAR'S USM business
8.0%
CAGR
Engine
Maintenance
•
2025E
Source: ICF, Aviation Week. Naveo analysis. Constant US$. Forecast from 2023 in 2022 $
AAR
Long-term global demand driven currently by
Asian markets, in which air travel per capita
remains well below western markets
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