Lufthansa Technik Group (LHT) increased revenue 3.8% to €4.3 billion ($4.6 billion) in fiscal 2014, due to a large modification program for Lufthansa aircraft.

Hong Kong Aircraft Engineering Co. (HAECO) Group posted a HK$573 million profit (attributable to the company’s shareholders) in 2014, down 8.3% from HK$625 million in 2013.

Aircelle has formally opened the Aircelle Services Americas (ASA) facility at Indianapolis, Indiana, to perform MRO for jet engine nacelles across North and South America.

Monarch Aircraft Engineering Ltd. (MAEL) has been contracted to provide MRO at Boeing’s new facility at Copenhagen International Airport to support GoldCare customers in the region.

SIA Engineering Co. (SIAEC) has entered into an agreement with Airbus to provide maintenance and engineering training services for Airbus aircraft in Singapore.

Lufthansa Consulting is establishing a regional office in the Republic of Djibouti to further develop its market engagement in Africa.

EgyptAir Training Center will be demonstrating its wide ranging capabilities when it participates in the third African Aviation Training Conference & Exhibition 2015 that will be held in Addis Ababa 19th & 20th March, 2015.

Turkish Technic, a 100% subsidiary of Turkish Airlines, plans to grow its third-party MRO business from 25% to 50% as it prepares for the opening of the third Istanbul airport in 2017 for more hangar space.