The component facility located east of Budapest will open in spring 2024.

The independent MRO provider made the announcement on Monday (Oct. 16).

Tender for the MRO facility will be floated towards the end of October.

Kellstrom Aerospace asserts proactive planning, infrastructure investments, workforce development and other factors will be crucial for meeting growing demand.

The facility's airframe maintenance capabilities were previously all for Airbus aircraft.

Some of the key news stories and announcements from Aviation Week's 2023 MRO Asia-Pacific event in Singapore.

New agreements relate to CFM56-7B engines and Boeing 777 aircraft.

With an average of 350 Airbus A320neos expected to be grounded at any given time in 2024-26, A320ceos and older Boeing 737s will need to fly longer.