Aircraft maintenance
The ICAO standards have to be implemented by local airworthiness authorities to regulate the maintenance tasks, personnel and inspection system.
[5] The term was coined by Bristol Siddeley in 1962 to support Vipers of the British Aerospace 125 business jets for a fixed sum per flying hour.
[citation needed] In the 1980s, Rolls-Royce plc reinstated the program to provide the operator with a fixed engine maintenance cost over an extended period of time.
[citation needed] Other aircraft engine manufacturers such as General Electric and Pratt & Whitney offer similar programs.
[citation needed] Bombardier Aerospace offers its Smart Services program, covering parts and maintenance by the hour.
The ICAO defines the licensed or rated role of aircraft maintenance by a technician, engineer or mechanic), allowing that each contracting state may use whichever of these terms it prefers.
[12] Although aircraft maintenance technicians, engineers and mechanics all perform essentially the same role, different countries may use these terms in different ways to define their individual levels of qualification and responsibilities.
[citation needed] Most national and international licensing bodies make a division between the roles of carrying out repair and maintenance on the one hand, and certifying the vehicle or subsystem or component as flightworthy, on the other.
In Europe aircraft maintenance personnel must comply with Part 66, Certifying Staff, issued by the European Aviation Safety Agency (EASA).
[19] Over the 2017–2026 decade, the worldwide market should reach over $900 billion, led by 23% in North America, 22% in Western Europe, and 19% in Asia Pacific.
[23] Major airframe manufacturers Airbus, Boeing and Embraer entered the market, increasing concerns about intellectual property sharing.
[29] Engine makers deeply discount their sales, up to 90%, to win the multi-year stream of spares and services, resembling the razor and blades model.
Accounting for 80% of a shop visit cost, LLP prices escalate to recoup the original discount, until engine availability increase with aircraft teardowns.
