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.
MTU Aero Engines, the German engine manufacturer, has reported a 25% increase in adjusted revenue for the first quarter of 2025, reaching $2.3 billion, as demand for maintenance, repair, and overhaul (MRO) services, as well as OEM engine deliveries, remained robust. The company also posted a 41% rise in adjusted net income, totaling $250 millionfor the quarter.
Lion Air, one of Indonesia’s largest low-cost carriers, has selected StandardAero, a leading independent MRO provider, to deliver maintenance, repair, and overhaul (MRO) services for its CFM56-7B engine fleet. These engines power the airline’s large fleet of Boeing 737 Next Generation aircraft.
Fokker Services Group has finalized a significant modernization project at its component testing, repair, and overhaul facility located at Amsterdam Schiphol Airport in the Netherlands. The upgrade is a major step in expanding the group’s Maintenance, Repair, and Overhaul (MRO) capabilities and enhancing service efficiency for a wide range of aviation components.
HAECO (Hong Kong) has successfully completed the first C-check for a Japan Airlines A350 at its state-of-the-art maintenance facility in Xiamen, China. This marks a significant milestone in the collaboration between the two companies and highlights HAECO’s continued expansion of its Airbus A350 heavy maintenance capabilities.
Contrail Aviation Support, a U.S.-based provider of aircraft engine solutions and aftermarket services, has announced the appointment of Tom Keeler as its new Vice President Technical. Keeler brings decades of aviation industry experience and is expected to play a critical role in enhancing Contrail’s technical operations as the company expands its global footprint.
Lufthansa Technik, the Germany-based MRO leader, has announced a strategic expansion of its aftermarket business by broadening the direct sale of used serviceable aircraft parts to airlines and operators, moving beyond its traditional surplus parts sales model. The initiative aims to improve part availability, lower operator costs, and meet rising demand for cost-effective MRO solutions.
AFI KLM E&M, the maintenance, repair, and overhaul (MRO) arm of the Air France–KLM Group, has signed a comprehensive extended maintenance agreement with CMA CGM AIR CARGO, both based in France, covering the GE90 engines that power the latter’s long-haul freighter fleet.
