Modern day military and commercial aircraft systems are an integration of a large number of sub-systems and components. Each of these systems has different reliability characteristics and different probability distributions governing their failure rates. Space constraints and structural layout of the aircraft govern the position of each component. The accessibility, reliability, and snag diagnostic-ability determines the maintainability of the aircraft. The peculiarities involved in aircraft maintenance are discussed and performance measurement indices for O, I and D level maintenance are presented in this paper. These performance measurement indices are intended for use by aircraft maintenance managers for instituting process improvements for achieving best flight and maintenance safety records, improve operational availability of the aircraft and reduce costs.