Pat Foley, CEO of Lufthansa Technik Turbine Shannon, discusses plans for growth and weighing up moves into parts repair new-generation engine programs.
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.
People want to fly with a vengeance, but there are few new aircraft and the old ones need more MRO, creating a positive outlook for M&A in the aftermarket.
Net income reached $1.5 million in the April to June period, or $0.15 earnings per share (EPS), compared to a loss of $0.01 EPS in the second quarter of 2022.
Safran Aircraft Engines has invested in additional capacity at its site in Guiyang, China, to support the ramp up of Leap engines for A320neo-family aircraft.
Singapore-headquartered maintenance, repair and overhaul company ST Engineering secured SG$2.3 billion ($1.7 billion) in contracts in the second quarter.
The dismantling facility will be capable of handling six medium to large-sized aircraft annually; the freight facility will handle 5,000 pieces of cargo/hour.
