In February, IATA released “Guidance Material and Best Practices for Aircraft Leases,” a “living document” designed to help airlines optimize the lease process—from initial negotiations through operations and delivery.
Unveiled last October as a tentative agreement, the strategic partnership gives LHT a reliable pipeline of USM that it can use to cost-effectively support customers on long-term, performance-based support agreements.
Boeing’s planned maintenance services partnership with SIA Engineering Company (SIAEC) represents the manufacturer’s most aggressive push into the lucrative commercial aftermarket and tracks with the company’s strategy of teaming up with partners that add value as it seeks to grow its services revenues.
Like an eagle that uses its keen vision, strength and size to become apex predator of the aviaries, Pratt & Whitney believes its PW1000 geared turbofan will be the eagle in its nest to make its commercial production soar (AW&ST May 26/June 2, p. 36).
The hangar-services-only days in Central and Eastern Europe are over—as is “hangar mania,” which is how former FL Technics CEO Jonas Butautis described the proliferation of basic MRO services that popped up there over the past few years and created overcapacity.