Market Chatter: IHI, Mitsubishi Heavy Expand Aircraft Engine Maintenance Operations

MT Newswires Live03-10

Japanese heavy industry companies are expanding aircraft engine maintenance businesses to capture rising demand as airlines increase fleets of smaller planes, Nikkei reported Tuesday.

Firms including IHI (TYO:7013), Mitsubishi Heavy Industries (TYO:7011), and Kawasaki Heavy Industries (TYO:7012) are investing in maintenance, repair and overhaul (MRO) capacity, a segment seen as more profitable than building new engines, according to the report.

IHI plans to open new facilities in fiscal 2026 and aims to quadruple related revenue within a decade. Mitsubishi Heavy is working to roughly double maintenance capacity by around 2030, while Kawasaki Heavy is preparing to enter the business as early as 2026, the report said.

The push comes as the global aircraft engine MRO market is projected to grow about 40% to $58.1 billion by 2030, driven by rising air travel and aircraft delivery delays that are extending the service life of existing fleets, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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