28 March 2024

Ground-breaking of AAR's new facility in Miami © AAR Corp.

AAR begins construction of new maintenance facility in Miami

MRO & Production

On Wednesday, March 27, AAR CORP. commenced the construction of its new maintenance, repair, and overhaul (MRO) facility in Miami, marking a significant milestone for the company. Over 400 attendees congregated to commemorate the occasion, with John M. Holmes, AAR’s Chairman, President and CEO, expressing gratitude for the collaborative efforts enabling the expansion. James Crane, […]

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The Airbus A220 is powered by PW1500G engines

SIAEC to exit PW1500G engine risk-revenue sharing programme

MRO & Production

SIA Engineering Company (SIAEC) has entered into an agreement with Pratt and Whitney (P&W) to exit from the PW1500G engine risk-revenue sharing programme (RRSP) that was held through its wholly-owned subsidiary, NexGen Network (2) Holding (NGN2). This programme was previously known as the CSeries aircraft engine programme. NGN2 invested in the RRSP in 2010 and

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Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi for a purchase price of €6.30 per share in cash © Civitanavi

Honeywell announces intention to acquire Civitanavi Systems

Financial

Honeywell will initiate a voluntary tender offer to acquire all outstanding shares of Civitanavi Systems S.p.A., for a purchase price of €6.30 per share in cash (an equity value of approximately €200 million at closing). The acquisition will further strengthen Honeywell’s capabilities to help its customers create autonomous operations in aircraft and other vehicles. It

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STS Aviation Group

STS Aviation Services opens new line maintenance stations in the UK

MRO & Production

STS Aviation Group has announced the expansion of STS Aviation Services UK, with the opening of two new line maintenance stations at East Midlands (EMA) and Norwich (NWI) airports in the United Kingdom, effective April 1, 2024. This strategic expansion is set to enhance service capabilities in the region, with Air Explore as the primary customer at the

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© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute

Lufthansa and Ver.di resolve pay dispute after successful mediation

Financial

Following successful mediation, Lufthansa and the trade union Ver.di have reached an agreement on the main features of a collective labour agreement for approximately 25,000 Lufthansa employees, announced in Frankfurt. Details of the agreement to be disclosed this Thursday, March 28, 2024. Ver.di chief negotiator Marvin Reschinsky expressed satisfaction with the arbitration outcome, while Lufthansa’s

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