The Status and Prospects of Development of the World Aviation Industry and the Market of Services on Restoration of Aviation Equipment

Abstract

The article is aimed at researching the development of the international aviation industry in the context of market development tendencies with the aim to elaborate forecasts as to the development of world-wide aircraft production. It is shown that the aviation industry is global because of the global demand, while the production and operation of aircrafts can provide a significant savings in terms of the scale. The peculiarity of the industry is its technological complexity, it forms a large value added, and uses innovative approaches. In addition, the industry is heavily dependent on the governmental and political support. It is stated that the world market of services for maintenance and recovery of commercial aircrafts is actively developing, in particular due to: obsoletion and the need to replace many passenger models, converting obsolete models into freight aircrafts, need for more energy efficient aircraft models.

Keywords

• aviation
• aviation industry
• aviation equipment
• aircraft producer
• airline