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.
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…
