Shortages of material and labor along with cost inflation put pressure on German MRO provider Lufthansa Technik's profitability in its latest annual results.
Melrose Industries, parent company of GKN Aerospace, posted 11% annual revenue growth in 2024 on the back ofdemand for its engines and aftermarket businesses.
ST Engineering is transferring work carried out at VT Mobile Aerospace Engineering in Mobile, Alabama, to the company’s sites in Pensacola and San Antonio.
FTAI Aviation has reached an agreement to acquire a 50% stake in Rome-based IAG Engine Center Europe and plans to establish a new joint venture in the Italian capital aimed at increasing its CFM International CFM56 engine repair capacity.
A former Bombardier Service Center complex at Middle Georgia Regional Airport reopened as Slate Aviation’s new 80,000 ft.² MRO and cabin conversion facility.