Aircraft Parts Prices & Lead Time are Showing Initial Signs of Stabilization; However, Complete Supply Chain Recovery Still Faces Significant Hurdles
SkySelect, a company providing AI-based technology and services supporting global airlines and MROs with parts procurement, has launched its Aircraft Parts Price & Lead Time Index. The report highlights aircraft parts buying trends from rotables to consumables and expendables and all associated material.
The key takeaway from its December 2022 edition is that the prices and lead time for aircraft parts are, on average, stabilizing post-COVID, as we would expect.
““The supply chain continues to recover slowly, amid growing demand, labor shortages, geo-political tension, and macro-recessionary fears. It will be fascinating to monitor standard escalation rates for 2023, which are expected to reach record highs due to material and labor cost increases," said Nauman Saeed, COO at SkySelect.
"Overall, the industry has shown strong resilience as passenger demand reaches, and in some areas, outpaces, pre-pandemic levels, and supply chains work hard to recover despite macro challenges. However, a lot more must be done. SkySelect will continue to monitor and share pricing and lead-time trends as we collectively work to navigate these unprecedented times," he added.
The data from the report ranges from 2020 Q4 to 2022 Q3. The Baseline price is defined by 2020 Q4 rates, and the PN sample set is composed of PNs quoted at least once each quarter.
Download below the Aircraft Parts Price & Lead Time Index in its entirety, including specific data points.
SkySelect Reveals Aircraft Parts Prices & Lead Time are Decreasing, Showing Signs of Post-COVID Supply Chain Stabilization.