AIESL eyes Jewar, Navi Mumbai MRO hubs as competition intensifies

India’s MRO market, estimated at $1.7 billion in 2021, is expected to exceed $4 billion by 2031. With over 1,000 aircraft ordered, the country will become the world’s third-largest buyer of commercial jets, driving demand for 200-300 major maintenance checks annually, AIESL said in its FY24 annual report.