‘State can become hub of aircraft maintenance, repair and overhaul

Last year, the global spending on maintenance, repair and overhaul (MRO) of aircraft was estimated at 90 billion dollars. By 2029, this is expected to rise to $125 billion given that main - tenance, repair and overhaul usually accounts for 8-10% of an airline’s cost. The way Indian airlines’ fleet strength is growing annually, by the year 2030 we are likely to have the second-largest fleet of civilian aircraft after China. With this, the size of MRO of India’s domestic and imported aircraft is set to grow an - nually to Rs 25,000 crore in the next five years, and to Rs 36,000 crore once the fleet size reaches 2,000.