Increased demand for travel has warranted more planes in the air, ushering plans for GE Aerospace to invest more than $1 billion in an upgrade to its maintenance, repair, and overhaul (MRO) facilities.
Upgrading the said facilities will be able to shorten turnaround time for new customers, Reuters reported. The shortage in new planes has led companies to keep older planes up in the air for a bit longer, as aircraft manufacturers have to contend with insufficient labor, aircraft parts, as well as raw materials.
