What challenges is 2024 bringing in the CFM56 engines market? Laura Roke, the business development manager at Magnetic Group and sales executive at Magnetic Engines gave her comments to Aviation Week.

According to opinions at Magnetic MRO, the market recovery for CFM56-5B engines will reach the CFM56-7B level by the middle of 2024. However, long turnaround times for material repairs are still a huge headache for full-performance shop visits, and the situation will continue to be critical in 2024.

“As an alternative, hospital repairs with smaller work scopes and quicker turnaround times (TAT) will continue to be a solution to avoid substantial financial and time investments into full-performance shop visits,” says Laura Roke, business development manager at Magnetic Group and sales executive at Magnetic Engines.

With more than 24,000 CFM56 engines in operation, at least 11,000 have not had their shop visits yet, according to Roke. Industry observations also suggest these shop visit numbers are at the healthiest level they have been for some time and used serviceable material (USM) demand continues to rise. CFM calculates around 2,000 CFM56 shop visits were expected throughout 2023 and that number is forecasted to remain similar in 2024.

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Original article written by Keith Mwanalushi and published on Aviation Week.