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Boeing enters Into the Airplane Parts Business.

Boeing

Boeing is moving into airplane parts business, as part of a broad effort to cut costs and secure a new source of revenue.

In the past, airlines could purchase parts directly from one of Boeing’s largest suppliers, Spirit AeroSystems.

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But in late February, Boeing quietly stopped Spirit from selling parts such as engine thrust reversers and other large parts directly to airlines, according to both companies. Boeing said it also stopped granting new licenses to suppliers to sell proprietary parts to its airline customers.
The initial sale of a jetliner is a comparatively smaller portion of the revenue that aircraft will generate during their multi-decade life. The greater proportion of revenue on any single plane comes from the lifetime maintenance and parts that range from fire extinguishers and seat belts to on-board computers and landing gear shared across hundreds of companies.

These parts at airlines and maintenance facilities can fetch up to 4.5 times more than what Boeing pays for the parts during initial production, according to one supply-chain official.
Now onwards Boeing will directly control the sales and distribution of parts.

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Courtesy : Wall Street Journal

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He is an aviation journalist and the founder of Jetline Marvel. Dawal gained a comprehensive understanding of the commercial aviation industry.  He has worked in a range of roles for more than 9 years in the aviation and aerospace industry. He has written more than 1700 articles in the aerospace industry. When he was 19 years old, he received a national award for his general innovations and holds the patent. He completed two postgraduate degrees simultaneously, one in Aerospace and the other in Management. Additionally, he authored nearly six textbooks on aviation and aerospace tailored for students in various educational institutions. jetlinem4(at)gmail.com

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