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Indian MRO industry: Business retention and development opportunities pre COVID-19

This view point focuses on increasing and retaining Indian MRO market within India by improving the maintenance standard through EASA approved maintenance organizations and by change in existing investment approach. An overview on MRO market demand and the market retention with respect to outsourced...

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Detalles Bibliográficos
Autores principales: Karunakaran, C.S., Ashok Babu, J., Khaja Sheriff, J.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Ltd. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7415336/
https://www.ncbi.nlm.nih.gov/pubmed/32837923
http://dx.doi.org/10.1016/j.matpr.2020.07.451
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author Karunakaran, C.S.
Ashok Babu, J.
Khaja Sheriff, J.
author_facet Karunakaran, C.S.
Ashok Babu, J.
Khaja Sheriff, J.
author_sort Karunakaran, C.S.
collection PubMed
description This view point focuses on increasing and retaining Indian MRO market within India by improving the maintenance standard through EASA approved maintenance organizations and by change in existing investment approach. An overview on MRO market demand and the market retention with respect to outsourced services during pre covid-19 is detailed. The existing standard of maintenance with respect to global standards was compared to identify the well-focused training need. Need of EASA framework implementation for maintenance training to improve existing training standard are detailed. Focus to improve leasing and investment approaches in MRO are discussed to retain and increase the MRO market. Effective business retention and focused growth to become a global MRO hub can be achieved by adopting EASA regulatory framework for maintenance training and MRO, supported by the developments in aircraft leasing sector. Addressing the EASA training need and leasing opportunities can be helpful in convincing authorities and market leaders to realize the potential of India to be a global MRO hub. This view point can be thought provoking in retaining the Indian MRO market by addressing the need of EASA standardization in maintenance training with respect to improve the maintenance quality and to attract investment and leasing. Ways of increasing the MRO business through change in existing aircraft leasing approach and need of EASA framework in maintenance training and standardization are provided to convince authorities and market leaders to realize that India can become future global MRO hub.
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spelling pubmed-74153362020-08-10 Indian MRO industry: Business retention and development opportunities pre COVID-19 Karunakaran, C.S. Ashok Babu, J. Khaja Sheriff, J. Mater Today Proc Article This view point focuses on increasing and retaining Indian MRO market within India by improving the maintenance standard through EASA approved maintenance organizations and by change in existing investment approach. An overview on MRO market demand and the market retention with respect to outsourced services during pre covid-19 is detailed. The existing standard of maintenance with respect to global standards was compared to identify the well-focused training need. Need of EASA framework implementation for maintenance training to improve existing training standard are detailed. Focus to improve leasing and investment approaches in MRO are discussed to retain and increase the MRO market. Effective business retention and focused growth to become a global MRO hub can be achieved by adopting EASA regulatory framework for maintenance training and MRO, supported by the developments in aircraft leasing sector. Addressing the EASA training need and leasing opportunities can be helpful in convincing authorities and market leaders to realize the potential of India to be a global MRO hub. This view point can be thought provoking in retaining the Indian MRO market by addressing the need of EASA standardization in maintenance training with respect to improve the maintenance quality and to attract investment and leasing. Ways of increasing the MRO business through change in existing aircraft leasing approach and need of EASA framework in maintenance training and standardization are provided to convince authorities and market leaders to realize that India can become future global MRO hub. Elsevier Ltd. 2021 2020-08-09 /pmc/articles/PMC7415336/ /pubmed/32837923 http://dx.doi.org/10.1016/j.matpr.2020.07.451 Text en © 2020 Elsevier Ltd. All rights reserved. Selection and peer-review under responsibility of the scientific committee of the International Conference on Newer Trends and Innovation in Mechanical Engineering: Materials Science. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Karunakaran, C.S.
Ashok Babu, J.
Khaja Sheriff, J.
Indian MRO industry: Business retention and development opportunities pre COVID-19
title Indian MRO industry: Business retention and development opportunities pre COVID-19
title_full Indian MRO industry: Business retention and development opportunities pre COVID-19
title_fullStr Indian MRO industry: Business retention and development opportunities pre COVID-19
title_full_unstemmed Indian MRO industry: Business retention and development opportunities pre COVID-19
title_short Indian MRO industry: Business retention and development opportunities pre COVID-19
title_sort indian mro industry: business retention and development opportunities pre covid-19
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7415336/
https://www.ncbi.nlm.nih.gov/pubmed/32837923
http://dx.doi.org/10.1016/j.matpr.2020.07.451
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