Indian aircraft maintenance, repair & overhaul business to see 50% topline growth in FY26: Crisil

The Indian aircraft MRO industry is set for a 50% growth to Rs 4,500 crore by FY26 due to increased demand from expanding airline fleets. Reduced GST on components and services enhances competitiveness and improves cash flow. Enhanced profitability and capacity expansion will strengthen credit profiles, despite ongoing challenges in high-value maintenance capacity.