The memorandum of understanding was signed by Garuda Indonesia President and CEO Irfan Setiaputra and Capital A CEO Tony Fernandes in Jakarta, Indonesia.
Global MRO spending will rise from $112 billion in 2023 to $139 billion by 2033, growing 2.2% annually, according to a new report by Alton Aviation Consultancy.
Scoot continues to expand its Embraer E-Jet support and services capabilities, signing for a Pool Program services agreement with the Brazilian manufacturer.
Israel Aerospace Industries has signed an agreement with Ascent Aviation Services that will see the U.S.-based MRO carry out passenger-to-freighter conversion services from its site in Arizona.
Olivier Andries says that with CFM56 operators still investigating if they have AOG Technics parts in their fleet, the full extent of the problem is not known.
Ryanair could benefit from Pratt & Whitney engine problems that will see hundreds of aircraft grounded for engine maintenance in the coming years, analysts say.
The Airbus A320neo-family aircraft powered by PW1100G engines built between 2016-21 are known, but it could take two months to finalize the inspection plan.