Seminar paper from the year 2014 in the subject Engineering - Aerospace Technology, grade: 1,3, University of Applied Sciences Wildau (Wildau Institute of Technology), course: Aviation Management 2012, language: English, comment: Seminar Paper in Maintenance Managment, abstract: Indeed, the majority of airlines are faced with the challenge of aging fleets and when it might be optimal to replace older aircraft. Well, any discussion of the wisdom of retaining capital equipment is usually based on economic arguments. In a competitive environment, airlines are continuously obliged to improve their business and equipment to stay profitable. The prediction of future maintenance costs of the own fleet is an integral element of prospective budgeting projections; on the other hand they serve as a vital part within aircraft replacement calculations. For example if the costs of maintaining the existing equipment on a timely basis exceeds the capital, interest, and amortization charges on replacement equipment, the decision to buy a sort of replacement is straightforward. In most cases the substitute equipment even offers an improved productivity as well (Dixon 2006, p. 1). Beside any debate concerning costs and efficiency, flight safety considerations also enter into the discussion especially in the field of aviation. The question to repair or replace is an ongoing decision making process for the maintenance department of every airline operator. Now the key questions to be answered in this context are: Is it possible to describe a standard airplane service life and how does the fleet age of world's leading airlines look like? How does the process of maintenance develop over an aircraft's whole life cycle and can necessary costs be estimated? What can be done technically to keep aging effects of aircraft under control and when might be the right time to withdraw an aircraft from service? In order to answer the abundance of questions my term paper is divided into an economi