Community Invested

Jump Hangar Prospects

The City, County and Wilmington City Schools have lot riding on their significant financial investment in the new $15 million maintenance and paint hangar now being constructed at the Airpark.  It is hoped that, in spite of the below analysis, enough in-house ATSG and smaller contract work will be sufficient enough to provide the promised 259 new jobs by 2016.

Aircraft Maintenance, Repair & Overhaul Market Research Report | NAICS 48819 | Feb 2013

Cruising altitude: Strong competition will constrain demand, but total revenue will climb slowly

IBISWorld’s Aircraft Maintenance, Repair & Overhaul market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Industry Report - Industry SWOT Analysis Chapter

IBISWorld estimates that the Aircraft Maintenance, Repair and Overhaul industry is in the mature phase of its life cycle. Over the 10 years to 2018, industry value added, which measures the industry's contribution to the overall economy, is expected to grow at an average annual rate of 0.2%. This performance does not keep pace with the rest of the economy, with GDP estimated to increase at an average annual rate of 2.1% over the 10 years to 2018. Industry value added is expected to grow slowly over the next five years as a result of falling employment, slow capital investment and restrained profitability. Industry competition is expected to intensify, with the slow recovery of the airline sector leading to a drag in demand for MRO services.