Rolls-Royce sees annual shop-visit volume growing at a low double-digit percentage over the next several years as long-haul flying hours continue to tick up and its regional and business-jet fleets stay busy.
The company is in the midst of a major spike in overhauls in the second half of 2022, thanks in part to increased demand for Trent family work. The company saw 477 total shop visits in the first half of the year, and recently re-affirmed that its full-year target is 1,100-1,200 shop visits, or 15-20% above last year’s total of 953.
Its shop visit mix is also changing as widebody flying continues its recovery. Last year, 22% of its shop visits were for large-engine overhauls and refurbishments, while 42% were for lighter large-engine workscopes.
The refurbishment percentage is expected to grow over the medium term, driven in part by Trent XWB-84 initial shop visits, the company said in a recent investor update. Some 80% of the 720 XWB-84s in service have not reached their first major overhaul. Aviation Week Network’s Fleet Discovery shows 992 XWB-84s in the global fleet, including about 60 that are parked or stored. The engines power Airbus A350s.
The steady rise in overhauls is projected to push the company’s services revenue up by an annual low-single-digit average over the next few years, the company said. Its 2021 services work generated about £2.9 billion ($3.1 billion), or about 40% lower than 2019’s figure.
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