In the aviation aftermarket spares industry, original equipment manufacturers (OEMs) and part manufacturer approvals (PMAs) are in competition. Of course, there are maintenance repair and overhaul (MRO) businesses and parts distributors, but when it comes to making the parts, competition is between the former two. Originally, OEMs had a monopoly on parts, but the Federal Aviation Administration (FAA) approved manufacturing PMAs and drove high prices down through competition. Although the FAA has made it clear that PMAs are just as safe as OEM parts, some are still skeptical.
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