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

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 35,000 parts to stocks it positions around the world to serve airlines in the last year, after analysing its vast store of aircraft data to see where the parts will be needed. It has also cut prices on 24,000 parts to be more competitive, and it is expanding training and other services.