Demand could spike quickly when COVID-19 restrictions ease, with many Asia-Pacific airlines needing MRO providers to help reactivate and perform checks on aircraft that have been in storage for several months.
Owing to poor demand, Singapore Airlines Engineering Company (SIAEC) has divested all of its 39.2% stake in Asian Surface Technologies (AST), a company that repairs and overhauls Pratt & Whitney PW4000 series engine fan blades.
Major aircraft lessor Avolon said it signed an agreement with Israel Aerospace Industries (IAI), which is endeavoring to grow as an independent freighter conversion company, to be IAI’s launch customer for their Airbus A330-300 freighter conversion program.
Most airlines and maintenance providers plan to increase their use of used serviceable material (USM), and some are shifting their policies to include sourcing more alternative parts.
U.S. lawmakers eager to see the FAA wrap up a long-awaited rework of aviation technician education standards are pressuring the agency to meet its latest scheduled release date, which is months after the deadline set by law.
Chinese MRO provider Ameco has signed numerous maintenance services deals at the Zhuhai Airshow, including with Honeywell and Collins Aerospace to support Air China’s fleet.
At this week's Zhuhai Airshow it was announced that GAMECO will be the first in China to provide 767-300BCF conversions and the only MRO provider to have both the 767-300BCF and 737-800BCF in its portfolio.
Some of the leading Asia-Pacific MRO organizations are pushing ahead with expansion plans despite the fact that their revenues have been dealt a significant blow over the past 18 months by the COVID-19 pandemic.
Commercial business at AAR Corp. was up sequentially and year-over-year (YOY) last quarter, pointing to signs of increased airline activity filtering down to the company’s variety of services that range from selling parts to overhauling airframes.
