AAR Corp. has increased its revolving credit facility by US$550 million to US$1.375 billion and extended its maturity by nearly four years to October 2031, strengthening its financing capacity as it pursues growth. The amended unsecured facility will help finance the previously announced pending acquisition of a controlling interest in MRO Holdings. The previous facility […]
AAR expands credit facility Read More »
MTU Maintenance has signed a three-year agreement with Garuda Indonesia to maintain the airline’s GE90-115B engines, which power its fleet of eight Boeing 777-300ER aircraft. The agreement covers engine MRO at MTU Maintenance’s facility in Hannover, Germany, with the aim of improving engine availability, operational efficiency and fleet reliability. MTU’s Singapore office will provide leasing
Garuda Indonesia entrusts MTU to maintain GE90-115B engines Read More »
Aircraft painting specialist MAAS Aviation has appointed Edwin Poldermans as Head of Maintenance, Repair and Overhaul (MRO), as Group Chief Operating Officer Mark Gidman prepares to step back after 36 years with the business. Poldermans brings more than 30 years of aviation and aerospace experience, having held senior positions at Fokker Techniek, GKN Fokker and
MAAS Aviation appoints new head of MRO Read More »
StandardAero has signed a multi-year exclusive engine maintenance agreement with Romanian flag carrier TAROM, extending support for the airline’s ATR 72-500 and -600 turboprop fleet. Under the agreement, StandardAero will provide MRO services for the aircraft’s Pratt & Whitney Canada PW127M engines from its facilities in Summerside, Canada, and Gonesse, France. StandardAero is the world’s
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Heston Materials has secured an initial US$20m revolving credit facility from volofin Capital Management to finance aviation asset acquisitions and expand its capabilities across the aviation aftermarket. The facility will provide additional funding capacity to support portfolio growth and the company’s broader expansion plans. “Securing this financing is an important milestone for Heston Materials,” said
Heston secures US$20 million revolving credit facility Read More »
Satair, an Airbus services company, and Vietjet Air have signed a memorandum of understanding (MoU) to expand long-term cooperation in aviation supply chains, materials management and aircraft lifecycle solutions. The agreement was exchanged at the Vietnam-Denmark Business Forum in Copenhagen, marking a new stage in the partnership as Vietjet expands its fleet, international network and
Satair and Vietjet deepen aviation supply chain ties Read More »
RTX reported third-quarter sales of US$25.0 billion, up 11% from a year earlier and 12% on an organic basis, as adjusted earnings per share rose 33% to US$2.26, including a US$0.25 benefit from recovery of costs under the International Emergency Economic Powers Act (IEEPA). GAAP earnings per share were US$1.89, including US$0.26 in acquisition accounting
RTX sales rise 11% as adjusted net income jumps 34% Read More »
GE Aerospace has released that Aero-Dienst has taken delivery of its first aircraft powered by the CF34 engine, as part of the German air ambulance operator’s fleet renewal programme. A second aircraft is scheduled for delivery next year. The Challenger 650 will be converted into an air ambulance after delivery, strengthening Aero-Dienst’s capacity to carry
Aero-Dienst takes delivery of first CF34-powered Challenger Read More »
Lufthansa Technik Engine Services (LTES) is nearly doubling its engine services capacity in Tulsa, Oklahoma, increasing the number of work bays to 46 from 28 as it expands its presence in the Americas. The expanded facility will support V2500, CFM56-5B/7B, Rolls-Royce Tay 611-8/8C and GTF engines. A dedicated module shop is also planned to broaden
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Pan Am Flight Academy has partnered with Professional Pilots of Tomorrow (PPOT) to support aspiring airline pilots through mentorship, training resources and industry connections. The partnership, highlighted through the NEXTGEN Pilot Programme, aims to broaden access to professional development opportunities and help pilots progress towards airline careers. As part of the agreement, PPOT members will
Pan Am partners with PPOT to expand pilot training access Read More »
