In college many of you took Micro and Macro Economics. You likely remember that those classes were characterized by the numbing number of graphs; recall those Supply-Demand curves? I liked those graphs. To a certain extent they were intuitive, and you could derive a great deal of information from them. I hope to do that with this blog. I have not seen these graphs before, so I’m having geeky fun expressing latent talents for academia. Recently, our friends at ICF International published econ...

Ok, time to stir the pot a bit. I know there is a silent majority of people out there who roll their eyes while simultaneously pressing their lips at the mention of Approved Supplier Lists; they look at it as a necessary evil; a constant source of findings on internal and external audits; a down-right thorn in the side! On the other hand, many of those same people, when presented the opportunity to get on a major customer’s Approved Supplier List, are heard to herald their unflinching dedicati...

During my youthful days at a major airline, I distinctly recall a close friend who had just been promoted to an important position. After a while, I asked him ‘What could you have done to be better prepared for the job?’ Without hesitation, he said ‘I wish I had been more familiar with the GPM.’ Every airline has a GMM (General Maintenance Manual) or equivalent GPM (General Procedures Manual). It is thee operations manual for instructions on how the Maintenance Division conducts its business, ...

For those of you who contribute either directly or indirectly to the military Maintenance, Repair, and Overhaul (MRO) market, fasten your seat belts, realignment is coming. We often hear the civilian global MRO market quantified in the $50 billion range; that’s indeed huge. If that impresses you, consider this: as recently as 2011, the global military MRO market was valued at $66 billion, and that excludes China and Russia. On the other hand, that value fell to $62.5 and $60.7 billion respecti...

Leasing activity for aircraft, engines, and major components appears to be on the rise. For example, for engines, the leasing market is now at $14-15 billion, with new leases of $2.5 billion coming on line each year, and an estimate that as much as 50% of spare engines globally are funded by operating leases1. For aircraft, over a third of the world’s airline fleet is now leased2, and is expected to rise to 50% by 20153. Distributors and MRO’s should take notice of these trends because the terms...