Market Share of Nigeria Aircraft Maintenance Repair And Overhaul Industry
The Nigeria aircraft MRO market is semi-consolidated in nature with a presence of few players holding significant shares in the market. Some of the key players in the market are ExecuJet Aviation Group AG, Sky Jet Aviation Services, Aero Technologies, Inc., Arik Air Limited, and JetMS (Avia Solutions Group). The licensing approval from the Nigerian Civil Aviation Authority (NCAA) and the capacity to maintain large fleets are significant drivers of the market. While Aero Contractors and 7Star Hangar have obtained licenses, their capacity to handle only three to four aircraft maintenance may pose a potential constraint to their growth.
Several other major players worldwide are also seeking approval from the NCAA, which could lead to increased investments in the aircraft maintenance, repair, and overhaul sector throughout Nigeria. In September 2023, Nigeria's Ministery of Aviation and Aerospace Development expressed the government's commitment to attracting investments in the aviation sector. Nigeria's focus on establishing itself as an aviation hub through MRO facilities is gaining momentum. Efforts like the Caverton Helicopters' MRO facility and Air Peace's deal with Embraer for aircraft and an MRO facility contribute to the country's ambition to become an MRO giant in Africa.
Nigeria Aircraft Maintenance, Repair, and Overhaul (MRO) Market Leaders
-
ExecuJet Aviation Group AG
-
JetMS (Avia Solutions Group)
-
Arik Air Limited
-
Aero Technologies, Inc.
-
SkyJet Aviation Services
*Disclaimer: Major Players sorted in no particular order
