AAR extended its 737 flight-hour component services deal with ASL Airlines. It currently supports 28 ASL aircraft for ASL Airlines Belgium, ASL Airlines France, ASL Airlines UK, and ASL Airlines Ireland, which is expected to increase to 65.
SETNA IO, Chicago has acquired ex-Lion Air 737-900ER (TBA) for part out. It also secured $185m revolving credit facility to expand its team, improve facilities, and make strategic inventory acquisitions to support the global fleet.
Pilatus has entered an agreement with Aero Centers Epps to acquire the authorized Pilatus sales and service center at Atlanta’s Dekalb-Peachtree Airport (PDK).
Aviation Week forecasts Africa and the Middle East will have the most widebody engine MRO demand and Europe the most narrowbody engine demand in the period.
Fleets are set to grow in all sectors except military and year-over-year growth is projected to be highest for the commercial and business aviation aftermarket.
SIA ENGINEERING agreed to lease two MRO hangars (accommodates six aircraft simultaneously) at Sultan Abdul Aziz Airport in Subang, Malaysia for 15 years; facility will become company's third base maintenance hub in Asia-Pacific region.
AAR agreed to acquire Triumph Group's Product Support business, which provides MRO services for structural components, engine/airframe accessories, interiors, and wheels/brakes out of five locations, in deal valued at $725m.