Maintenance and Modifications
AEA Survey Shows Optimism, Increased Cost of Business
The majority of respondents to the AEA 2022 Rate and Labor Survey anticipate growth in their business, but also increased labor rates and compensation.
Avionics repair stations are optimistic about the coming year. (Photo: Spirit Aeronautics)
Avionics repair stations are optimistic about the coming year. (Photo: Spirit Aeronautics)

The Aircraft Electronics Association’s 2022 Rate and Labor Survey underscored the buoyancy of the market, with more than 60 percent of U.S. avionics repair stations expecting growth and success in the coming year. At the same time, the survey highlighted the increased cost of business, with more than half, and as many as two-thirds in certain regions, increasing shop rates and the overwhelming majority upping compensation.