Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75 percent in sales this year—and more pain to follow—as airlines park or retire thousands of aircraft due to the CCP (Chinese Communist Party) virus pandemic.
Worth about $80 billion in sales last year, the industry ranges from engine makers like General Electric and Rolls-Royce, to systems companies like Honeywell International and Raytheon Technologies, and a host of smaller suppliers.
