StandardAero, a leading aerospace maintenance and repair organization (MRO) based in the US, has reported a 13.2% year-over-year increase in revenue for the third quarter (Q3) of 2024, reaching $1.24 billion. The company also posted a net income of $16.4 million, reflecting its ability to sustain profitability while managing operational growth. Capital expenditures (CapEx) during the quarter amounted to $25.3 million, while cash reserves…
Lufthansa Technik has established a non-exclusive maintenance contract with Avianca to support the LEAP-1A engines powering Avianca’s aircraft fleet. This agreement enhances Avianca’s access to high-standard engine maintenance services provided by Lufthansa Technik, a leader in aircraft maintenance, repair, and overhaul (MRO) solutions.
Albatechnics, an Italian aircraft maintenance provider, has received official approval to perform base maintenance on both the A320ceo and A320neo models. This certification allows Albatechnics to expand its service offerings, providing crucial maintenance capabilities for one of the world’s most widely used aircraft families. The approval marks a significant milestone for Albatechnics, enhancing its position within the European aviation maintenance market…
Satair, a Denmark-based aviation services company specializing in aircraft parts and solutions, and Eastern Airlines Technic, a major Chinese MRO provider, have signed a Letter of Intent (LOI) to begin discussions regarding a potential collaboration. This LOI signals a shared interest in exploring strategic opportunities to enhance their services and reach within the aviation sector, especially in the…
LOT Aircraft Maintenance Services (LOTAMS), a leading Polish MRO (maintenance, repair, and overhaul) provider, has officially opened a new operational base in Rzeszow, Poland. This expansion marks a significant step in LOTAMS’s strategy to enhance its maintenance network and service capacity within the region, supporting both domestic and international clients. With this new base, LOTAMS aims…
GE Aerospace has announced that Xiamen Airlines, a leading carrier in China, has signed a TrueChoice service agreement to cover maintenance, repair, and overhaul (MRO) services for 35 GEnx engines. These engines power Xiamen Airlines’ fleet of Boeing 787 aircraft, which are instrumental in the airline’s long-haul operations. The TrueChoice agreement reflects both companies’ commitment to enhancing engine performance and maximizing operational efficiency for…
FTAI Aviation, a U.S.-based aerospace company, is exploring the possibility of transforming its Montreal facility, FTAI Canada, into a V2500 engine maintenance and repair shop. The V2500 engine, widely used on Airbus A320 family aircraft, is manufactured by Pratt & Whitney, which is currently in discussions with FTAI about this potential expansion. If successful, this…
Nigerian aviation company XEJet has announced plans to construct a Fixed-Base Operator (FBO) and maintenance facility in Abuja, following recent regulatory approvals that allow the company to provide aircraft maintenance services. This development is set to expand Nigeria’s aviation infrastructure, offering local maintenance solutions that enhance operational efficiency for regional carriers. XEJet’s sister company, XEJet…
HAECO Group, a leading provider of aircraft maintenance, repair, and overhaul (MRO) services, has signed a Memorandum of Understanding (MOU) with Shanghai Aircraft Customer Service Co. Ltd. (SACSC), a subsidiary of the Commercial Aircraft Corporation of China (COMAC). This partnership is set to expand maintenance capabilities for COMAC’s ARJ21 and C919 aircraft platforms, providing comprehensive…
Lufthansa Technik, the renowned German provider of maintenance, repair, and overhaul (MRO) services, has entered into an agreement with GetJet Airlines to deliver Single Component Maintenance support for the Lithuanian carrier’s fleet.
