Earl Exum, president of International Aero Engines, discusses the OEM's projections for the V2500 aftermarket in 2023 and why it is looking to develop a more diversified network of engine shops.
Lessor AerCap has placed a firm order for 15 Airbus A321-200 passenger-to-freighter (P2F) conversions with German conversion specialist Elbe Flugzeugwerke (EFW), with options for a further 15 A321P2F conversions.
The global commercial fleet will grow at an average annual clip of 3.5% through 2032 on the strength of 21,700 deliveries, while retirements will peak in 2027, a new Aviation Week forecast reveals.
Following a sustained period of lease returns and reposessions over the past 2.5 years, leasing companies identify challenges in remarketing aircraft to operators.
Some operators are compensating for not having enough pilots to fly their desired schedules—and generate revenue—by saving money on engine overhauls through strategic use of surplus engines, AAR’s top executive said.
Bombardier has opened its new Melbourne Service Center at Essendon Fields Airport in Australia, part of the company’s worldwide aftermarket network expansion.