I think in the past several years, where possible, airlines have minimised maintenance spend by deferring maintenance (lower workscopes, spare engine utilisation, etc.), burning down inventory, and to a lesser extent, reducing per aircraft cyclic utilisation.The benefit of those actions has largely been realised, and now we anticipate that MRO activity on engines will pick up in the next one to two years. CFM56-5B/7 engines are increasingly hitting LLP lives, and the SVs are expected to grow on these models at 10 per cent+ this year.
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