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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
