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Boeing takes on peers, partners for replacement parts, repair business

It wants to more than triple aftermarket sales to as much as US$50 billion over the next 10 years

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Aftermarket sales typically offer margins of 20 per cent or more - which makes expanding its presence in that market crucial to Boeing's effort to hit chief executive Dennis Muilenburg's overall profitability goal.

Phoenix

IN SEARCH of higher profit margins, Boeing Co is aiming to win more of the lucrative market for replacement parts and repair services, pitting the plane maker against major suppliers who view that growing US$62 billion a year market as their turf.

Boeing said it has added

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