Adani Defence Systems & Technologies, a prominent player in India’s defense and aerospace sectors, has acquired an 85.8% stake in Air Works India for an enterprise value of $47 million. This acquisition marks a significant step in Adani Defence’s efforts to expand its footprint in the aerospace maintenance, repair, and overhaul (MRO) industry.
TAAG Angola Airlines has entered into a long-term agreement with Lufthansa Technik (Germany) to provide aircraft component services for its brand-new fleet of Boeing 787s. This collaboration marks a significant milestone in TAAG’s fleet modernization strategy, ensuring reliable maintenance support for its operations.
Airbus Corporate Jets (France) has signed a firm partnership agreement with AMAC Aerospace (Switzerland) to become a key member of the ACJ Services Centre Network. This collaboration aims to enhance the service capabilities offered to customers of Airbus Corporate Jets, ensuring top-tier maintenance and support for their specialized aircraft.
Magnetic Engineering (Estonia) has achieved a significant milestone by receiving approval to issue Permits to Fly. This development enhances the company’s capability to support its clients in obtaining permits for aircraft that lack a valid Airworthiness Review Certificate (ARC) but are safe to operate under predefined conditions.
Rolls-Royce (UK) has welcomed the arrival of the first Trent 1000 engine at its state-of-the-art MRO (Maintenance, Repair, and Overhaul) facility in Dahlewitz, Germany. This milestone signifies the beginning of Trent 1000 maintenance operations at the facility, further strengthening Rolls-Royce’s global MRO capabilities.
Norwegian Air Shuttle (US) has announced the extension of its partnership with Lufthansa Technik (Germany) for an additional five years. The renewed agreement, effective 01 August 2025, will cover maintenance services for more than 80 Boeing B737NG and B737MAX aircraft at Lufthansa Technik’s Budapest facility.
Natixis Corporate & Investment Banking (CIB) (France) has provided financing for the acquisition of ten LEAP-1B engines by Phoenix Aviation Capital (Ireland) and AIP Capital (US). These engines are scheduled for delivery in 4Q 2024 and will be leased to a maintenance, repair, and overhaul (MRO) provider.
Avia Solutions Group (Ireland) has reported impressive financial results for Q3 2024, with revenues rising 25% year-over-year to $2.1 billion. The company’s net profit also saw a significant increase, climbing more than 15% to $87.3 million.
Aeroflot Technics (Russia) has announced the appointment of Marat Tereshchenko as its new CEO. The decision marks a significant leadership transition for the prominent Russian MRO (Maintenance, Repair, and Overhaul) provider, which plays a critical role in servicing and maintaining aircraft for Aeroflot and other carriers.
SWISS International Air Lines has signed a Total Component Support (TCS) agreement with Lufthansa Technik (Germany) for its Airbus A350 aircraft. These A350s are scheduled to join SWISS’s long-haul fleet starting in 2025.
