The MRO's parent airline Lufthansa has acquired a stake in the Italian flag carrier.

The airline will continue to work with HAECO Hong Kong for maintenance on its widebody aircraft fleet.

Recent lease placements for Embraer E2 aircraft are contributing to the OEM’s aftermarket services growth.

Estonia based MRO provider has opened a new line maintenance facility in Tallinn.

The Dutch MRO provider will have capacity for Airbus and Boeing widebody aircraft.

The first hangar is expected to be completed by 2025 and will service cargo and passenger airlines operating in the Asia region.

Supply chain and MRO capacity problems have also affected the ability of lessors to transition aircraft on time.

The Irish leasing company had previously owned a stake in the U.S.-based parts specialist since 2017.