The main driving force behind the growth of the MRO industry is air transport. The airline industry witnessed a decline of approximately 1% in the year 2010, which is due to high fuel prices and increase in long haul WB traffic. This causes a negative multiplied negative effect on the MRO industry and it witnessed a decline of approximately 7.5%.
The oil prices cannot be considered as the wild card by the airline industry. Oil prices are volatile and cascade a great impact on the cost incurred by the airlines. In 2011, the oil prices were recorded to be
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