Iberia has agreed to sell a minority stake in IAG Engine Tech (IET), a company established in 2026 to specialise in aircraft engine maintenance within International Airlines Group (IAG), to Japanese trading and investment group ITOCHU Corporation. IAG will retain a majority stake in IET through Iberia, the companies said. ITOCHU’s investment builds on its […]
ITOCHU to take minority stake in IAG engine unit Read More »
Liebherr-Aerospace has signed an agreement with Brazilian aircraft manufacturer Embraer to supply a new electromechanical rudder actuator for the Phenom 300EV business jet as part of an upgrade to its flight control system. The actuator, which incorporates integrated control and power electronics, will become standard equipment on the aircraft. The system represents one of the
Liebherr to supply Phenom 300EV rudder actuator Read More »
Swedish defence group Saab plans to establish a network of Canadian aerospace companies to build, assemble and support its Gripen E fighter jets if Canada selects the aircraft for its air force. The proposed industrial partnership would create domestic capabilities covering production, final assembly, maintenance, training and long-term support, as well as the further development
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Atlantic Airways, the Faroe Islands’ national airline, has placed a firm order with Airbus for two A320neo aircraft as it moves towards an all-A320neo fleet. The order is intended to improve operational efficiency and streamline maintenance through a common fleet. Atlantic Airways currently operates four A320-family aircraft, comprising two A320ceos and two A320neos. “Our ambition
Atlantic Airways orders two Airbus A320neos Read More »
FL Technics Indonesia has received European Union Aviation Safety Agency (EASA) Part-145 approval for its maintenance facility in Bali, allowing it to service aircraft registered in the European Union. The certification makes the facility one of a small number of MRO providers in Indonesia to hold EASA approval. The approval covers base and line maintenance
FL Technics wins EASA approval for Bali facility Read More »
IFS, a provider of industrial artificial intelligence (AI) software, reported annual recurring revenue (ARR) of more than €1.3 billion at the end of the third quarter of 2026, up 24% year on year. Bookings for its Industrial AI products in the first nine months of 2026 were already more than three times the total recorded
IFS revenue tops €1.3 billion, up 24% Read More »
