What's Happening?
Chris Celtruda, CEO of Chromalloy, has noted a market 'bifurcation' that is positively impacting the acceptance of parts manufacturer approval (PMA) parts for aircraft engines. As operators strive to keep mid-life narrowbody aircraft operational, they are increasingly turning to alternative parts strategies to prioritize on-wing time over asset resale value. This shift is driven by a shortage of high-demand engine parts and the need to maintain older aircraft amid new-aircraft delivery delays. Chromalloy is capitalizing on this trend by expanding its PMA offerings for CFM56 and V2500 engines.
Why It's Important?
The growing acceptance of PMA parts represents a significant change in the aviation industry, where OEM parts have traditionally dominated. This shift allows
operators to reduce costs and maintain aircraft availability, which is crucial given the current supply chain challenges. Chromalloy's strategy to develop and offer PMA parts positions the company to meet the increasing demand for cost-effective maintenance solutions, potentially reshaping the competitive landscape in the aviation aftermarket.
What's Next?
As the demand for PMA parts continues to rise, Chromalloy and other manufacturers may expand their product lines to include more engine types and components. The industry could see increased collaboration between PMA providers and airlines to ensure the availability of high-quality, cost-effective parts. This trend may also prompt OEMs to adjust their strategies to remain competitive in the aftermarket.
