Airhub Aviation, a global aviation asset management and leasing company and part of GetJet Aviation Holdings, has signed a multi-year framework agreement with Airbus for direct access to engineering services and certified upgrades. This strategic partnership will enable Airhub to enhance its asset lifecycle services, particularly for midlife and end-of-life Airbus aircraft.
MTU Aero Engines, Germany’s leading aircraft engine manufacturer, has updated its financial projections, raising its 2025 revenue forecast to between $9.9 and $10.1 billion. The company also released its initial 2030 outlook, anticipating a strong trajectory for growth driven by expanding engine aftermarket services and production ramp-ups.
Asia Digital Engineering (ADE), the maintenance, repair, and overhaul (MRO) subsidiary of Capital A (formerly AirAsia Group), has achieved a significant milestone by securing Maintenance Organization Approval from EASA(European Union Aviation Safety Agency) and a Repair Station Certificate from the FAA (Federal Aviation Administration). These dual recognitions mark a major step in ADE’s strategic push to become a…
StandardAero, a major US-based MRO and aerospace services provider, has announced the pricing of an underwritten public offering of 30 million shares of its common stock. The shares, priced at $28.00 each, are being offered by two of the company’s current stockholders and not by StandardAero itself.
SIA Engineering, a leading MRO provider based in Singapore, has entered into new Comprehensive Services Agreements with its long-standing partners Singapore Airlines and its low-cost subsidiary Scoot. The agreements have a term of up to three years, superseding the previous arrangements between the parties.
Western Global Airlines (WGA) has officially inaugurated a base maintenance facility at Arkansas International Airport, marking a significant investment in expanding its in-house maintenance, repair, and overhaul (MRO)operations. This development represents a key strategic step toward enhancing the airline’s operational efficiency and self-sufficiency.
SIA Engineering Group, a leading Singapore-based MRO provider, has reported a significant increase in both revenue and profitability for the fiscal year 2024. The company achieved revenue of US$955 million, representing a 13.8% year-on-year increase, while net profit surged 43.8% to reach $107.1 million. These results signal a strong recovery trajectory following several years of pandemic-related disruptions.
EngineStands24, a company based in Estonia specializing in the leasing of engine stands for aviation MRO operations, has officially rebranded as Magnetic Enginestands. The move aligns the business more closely with its parent company, Magnetic Group, which operates a wide portfolio of aviation services.
APOC, a Netherlands-based specialist in aircraft component asset management and leasing, has announced the appointment of Craig Skilton as Vice President – Components. This strategic hire is expected to bolster the company’s growing global operations, particularly in the area of component trading and inventory management.
Lufthansa Technik Services India has announced the appointment of Marcel Pastuska as its new Chief Executive Officer (CEO). The leadership transition marks a strategic step in the company’s continued growth within the Indian aviation maintenance market.
