Spotlight shines on Vietnam as MRO market prepares for rapid growth
Exploiting rapid MRO growth will be at the heart of the discussions during MRO East Asia, which lands in Hanoi, Vietnam on 7 and 8 March.
Aviation Week’s Fleet and MRO Forecast predicts the Asia-Pacific MRO market will generate $22.6 billion by 2027, at 4.3% per annum. South East Asia specifically is expected to generate $5.8 billion in MRO demand in 2018 alone, of which Vietnam generates $542 million.
However, as the market value and demand grows, so do the challenges as industry players jostle for position and compete to take advantage of new opportunities. As part of the two day agenda, regional operators will join global aftermarket suppliers to take stock on the current market, as well as the key strategies to ensure efficient growth.
Trinh Quoc Cuong, Commercial Director, Vietstar Aero Engineering, who will speak on the panel discussion ‘Analysing Airline Spend and MRO Priorities’ comments; “Management of MRO costs has been and will always be a challenge to all airlines around the world. I will discuss what the key factors are to optimize maintenance costs whilst airlines ensure safety and airworthiness for their fleet. We will also look at the strategies for legacy and full service airlines to not only reduce maintenance costs but also to maintain the standard of services.”
Joining this session to give an airline perspective will be Nguyen The Hoang, Deputy Chief Technical Officer at Jetstar Pacific and Ranond Mintarkhin, Deputy Managing Director, Technical Dept of Nok Air.
Vietnam Airlines Engineering Company (VAECO), a subsidiary of Vietnam Airlines, are one of several key sponsors of the event and are hosting an exclusive facility tour for conference attendees on March 8.
Pham Quang Thai, Sales and Marketing Manager at VAECO comments; “VAECO are excited to sponsor the upcoming MRO East Asia 2018. We are looking forward to meeting a range of MRO leaders and operators at the conference, hearing from the expert speakers as well as hosting attendees at our Hanoi facility on 8 March”.
The VAECO facility operates 6 hangars, suitable for both narrow and wide-body aircraft. Delegates will be given insight into extensive maintenance services including; line and base maintenance, component repair and overhaul, as well as aircraft painting for the Vietnam Airlines’ fleet and more than 70 international customers.
Other sponsors for the event include AFI KLM Engineering & Maintenance, AJW Group, CFM, TP Aerospace and supporter Bolloré Logistics.
MRO East Asia takes place at the JW Marriott Hanoi on 7 and 8 March 2018. More information can be found at http://mroeastasia.aviationweek.com