"The services market is more lucrative than actual aircraft sales because it has more potential and it covers many different spectrums," said Shukor Yusof, an analyst with aviation research firm Endau Analytics in Malaysia. In Singapore, Airbus's wholly-owned subsidiary Satair Group has an 11,000 square metre (118,000 square foot) warehouse to house spare parts. "We know best our aircraft because we have designed it," Airbus head of services Laurent Martinez told AFP. Airbus' Martinez said Asia-Pacific is expected to account for 40 percent of the services market over the next two decades, with the region's aircraft fleet set to almost triple by 2036. The fight for after-sales services market share between Boeing and Airbus will likely be every bit as fierce as their battle for aircraft orders.

Source: Bangkok Post May 13, 2018 04:07 UTC