Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The …
Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. …
IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the COVID pandemic. IBA’s ISTAT-certified experts forecast a mixed picture across global regions,
The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines of the airline’s A320ceo fleet, effective in 2024. In addition to the existing agreements in Total Component Support (TCS) for PAL’s Boeing 777 fleet as well as Base Maintenance Services
flyvbird, Europe’s new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development company Startup House of Poland, working in close collaboration with flyvbird’s CEO Anton Lutz. The system will now be fine-tuned over the next six
Eve Air Mobility (Eve) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that will
AJW Group has made significant additions to its executive leadership team with the appointment of Barry Swift as Chief Operating Officer (COO) and Clare Brown as Senior Vice President (SVP) Finance, further enhancing the company’s strategic capabilities and expanding its C-Suite. Barry Swift, COO, is a seasoned professional with an impressive track record, including four
In a noteworthy operational milestone, Global Airlines and Hi Fly, the largest Airbus wide-body aircraft wet-lease specialist, have formalised a partnership agreement to jointly undertake the development and maintenance of the four A380 aircraft that Global Airlines has committed to procuring. Hi Fly, which was first to operate the A380 in the secondary market, will
Amman-based MRO provider Joramco, has signed a new maintenance agreement with Philippine Airlines. This agreement, which came into effect in September 2023, was signed at the MRO Asia Pacific 2023 conference and exhibition, where the company had its own booth. This serves as an extension of the previous cooperation, which began in June 2023 and
Pan Am Flight Academy, one of Miami’s leading centres for aviation training, has announced the successful qualification of its advanced Level D B747-400 full-flight simulator. The former Thai Airways simulator is the second Boeing 747-400 owned and operated by the established aviation academy. After multiple upgrades and thorough testing, Pan Am announced the simulator has
EngineStands24, a subsidiary of the renowned global aviation solutions provider, Magnetic Group, has announced its upcoming expansion with the launch of a new engine stands’ hub in Singapore. This strategic move, in partnership with Singapore logistics company TALA Singapore powered by Global Airfreight Int’l, is set to enhance EngineStands24’s presence in the Asia-Pacific region and
Pratt & Whitney (P&W) has unveiled its plans to expand Eagle Services Asia (ESA), its engine centre in Singapore. This significant 48,000-ft² expansion will enable ESA to increase its current facility capacity by two-thirds. Shangari Meleschi, Vice President of Aftermarket Operations – Asia Pacific and Turkiye, emphasized, “Pratt & Whitney is making strategic global investments
Embraer, the Brazilian planemaker, has announced that American Airlines has signed an MoU with the company to team up with its Energia Advisory Group, an experienced and knowledgeable team of airlines, lessors, suppliers and additional aviation experts advising Embraer on its future development of sustainable aircraft. The MoU with Embraer will see the companies combine
Spirit AeroSystems has signed a maintenance, repair and overhaul service agreement through its subsidiaries with Vietnam Airlines Engineering Limited Company (VAECO) at the MRO Asia-Pacific Exhibition in Singapore. Established in 2009, Vietnam Airlines Engineering Limited Company (VAECO), with 2,500 workers, is the largest and most experienced aircraft maintenance service provider in Vietnam. The company, a
Surf Air Mobility has confirmed its order and paid the deposit for the first 20 Cessna Grand Caravan EX aircraft, designed and manufactured by Textron Aviation, to be purchased under its previously announced initial fleet order of up to 100 aircraft with options for 50 additional aircraft. Deliveries of the aircraft are expected to begin in the first
At MRO Asia-Pacific 2023, Honeywell and Asia Pacific Aircraft Component Services (APACS), a subsidiary of SIA Engineering Company (SIAEC) and joint venture with SR Technics Switzerland, reaffirmed their long-term partnership with the announcement of additional Honeywell licences awarded to APACS. These licenses enable APACS to perform repair activities on Honeywell’s Air Data Inertial Reference Unit
Lockheed Martin Skunk Works®, in partnership with the U.S. Air Force, has completed the first flight of the U-2 Dragon Lady’s Avionics Tech Refresh (ATR) programme. The successful first flight tested the new advanced capabilities aboard the U-2 as part of the ATR contract, including an updated avionics suite (communications, navigation, display, etc.) that modernises
MRO MAGAZINE
CURRENT EDITION
Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The …
IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% …
The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines …
April 2023 EDITION
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