Media coverage25 Aug 2024 18:14
Why Airlines Like American Are Scrambling To Make Engines Last Longer
A jet engine is the most important part of a commercial airplane. And repairing them has become a $58 billion dollar business. Engines typically stay in service for about 30 years and need to be taken off wing and overhauled roughly every 5-8 years. An engine overhaul can range from $4-15 million dollars. The process involves disassembling it and replacing all the worn or damaged parts like blades which can cost up to $30,000 a piece.
While hundreds of airlines use outside companies, legacy carriers like Delta and American Airlines perform engine maintenance in-house. American said it’s on track to increase engine overhauls by 60% compared to the past year. CNBC traveled to Tulsa, Oklahoma to get an inside look at how it works and explores the outlook for the market.