The Evolving Commercial Aftermarket:
No longer Just About Passenger Travel
A panel discussion featuring:
Aviation Repair Solutions
Ken Herbert (Moderator)
This session will explore the changing dynamics of the commercial aerospace aftermarket. Since the great recession, the aftermarket has been very volatile, and the historical relationship of commercial aftermarket demand with passenger and cargo traffic has been decoupled. We have seen an explosion of used material, significant changes in airline maintenance trends and inventory levels, industry consolidation, the increased aftermarket push by many OEMs, and new business models associated with the new aircraft introductions, such as the 787 and the A350. These trends are especially important considering the aftermarket is traditionally one of the more profitable businesses for aerospace and defense suppliers.
This panel brings together a group of experts from a range of perspectives, including maintenance, repair and overhaul (MRO), component and original equipment manufacturers (OEMs), and parts distribution and logistics. Learn what opportunities the changes in the marketplace are creating, and what companies are doing to take advantage of these opportunities, and to re-position themselves for future success.
Jim Meyer is President of Aviation Repair Solutions, Inc. an FAA certified repair facility which provides component piece part repair services. Prior to founding the company in 2006, Jim's experience includes 22 years with Boeing / McDonnell Douglas. His experience there includes: Aftermarket Strategy Development for the 7E7/787, Business Development for the Commercial Spare Parts Division, Financial Planning, and Analysis for Douglas Aircraft, Director of C-17 Cost Analysis (Jim wrote the C-17 Affordability Plan submitted to Congress in 1994), Procurement Financial Analysis, Manufacturing Industrial Engineering, and leader of the DAC/UAW Tooling Apprenticeship Program.
In the early 1980's, Jim was a management consultant for Science Management Corporation and previously worked as a stock broker with Paine Webber.Jim is currently Chairman of the Board of Nuvision Federal Credit Union ($1.4 Billion assets) and has served as a director since 1994.
Jimmy Wu is the President and CEO of Infinity Air Group; under his leadership he has been able to transform this company into a global distributor, design, manufacturer, and repair of commercial aircraft spares for 25 years. Mr. Wu has extensive knowledge of Commercial Aviation acquisition, program and project management, as well as in the R&D, design, system integration, manufacturing, testing certification of FAA Repair stations.Born in Shanghai China, Mr. Wu immigrated to the United States in 1979. Mr. Wu became the President and CEO of Infinity Air, Inc. and in 2003 acquired Allflight Corporation, an FAA, EASA. ANAC, CASE, and CAAC repair station. He now oversees over 120 employees and manages over 150,000 sq. ft of facility space in five locations spanning from California to Florida. Prior to Infinity Air, Mr. Wu was the North American Purchasing Manager and Pacific Rim/Southeast Asia Sales Manager for Ryder Aviation Sales.In addition, Mr. Wu serves as CEO of Infinity Air Oregon, LLC, a company based in Portland, Oregon specializing in the leasing of Advanced Aerospace Composite equipment and tooling. He also serves on the Board of Directors on Light-year Express, an international logistics/transportation company that specializes in large oversize air and ground shipments, as well as IAIP, the Intellectual Property R&D arm of the Infinity Air Group.
Ken Herbert is a Managing Director and Senior Aerospace & Defense (A&D) analyst with Canaccord Genuity. In this role, Ken is responsible for all equity coverage of the U.S. A&D sector, as well as other select Industrial sectors. Prior to Canaccord Genuity, Ken was an equity analyst with Imperial Capital as well as Wedbush Securities. Ken started his sell-side experience with Salomon SmithBarney covering Machinery stocks. In addition to his work as an equity analyst, Ken has held senior level positions with Frost & Sullivan, most recently as head of the firms A&D and Business Services practices, as well as with Defense Forecasts.
Ken is well known specifically for his work on the commercial aerospace markets, and publishes a widely-read quarterly commercial aerospace MRO industry survey. Ken is a frequent speaker at industry events, and is often quoted in the press.