Evaluation of MRO Markets’ Growth and Average Hourly Rate of Aircraft Mechanics
Abstract
The aviation industry is required to cope with several challenges in the course of the next few years. Firstly, recovering from the impacts of COVID-19, dealing with initiatives for the reduction of CO2 and among others shortage of qualified personnel. A study was administered to identify whether the regions with developing MRO markets reach comparable average hourly rates at the job position of aircraft mechanic in 2022 and in 2027. The gathered data in our study were processed by the means of statistical software Jamovi, which allowed us to evaluate if there is a significant difference between the average hourly rate of individual regions. Results show that the income in Eastern Europe and Latin America is currently significantly lower and is expected to be significantly lower in 2027 when compared to other regions, such as North America or Western Europe. This paper demonstrates the potential for the development of MRO facilities in Slovakia, because of its geographical position and significantly lower average hourly rate.
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