Safran Aircraft Engines and the Moroccan government have signed an MoU to set up a new LEAP engine MRO shop, slated to come on stream by 2026. Anuradha Deenapanray reports.
LUFTHANSA TECHNIK earned €168m in 3Q24 (vs €173m in 3Q23) on 9% higher revenues (third party rose 7.4%). It plans to invest >€1b in the coming years in all three world regions (Americas, Asia-Pacific and EMEA) to support demand.
NEXT LEVEL AVIATION (NLA), FL extended USM consignment agreement with Pratt & Whitney Commercial Serviceable Assets (CSA) to market/sell used serviceable engine accessories for another three years.
SAFRAN announced >€1b investment plan to develop its MRO network to support anticipated demand for LEAPs; project comprises construction of additional 120,000 sq meters of dedicated LEAP facilities at Brussels, Hyderabad, Querétaro, Casablanca, Villaroche and Saint-Quentin-en-Yvelines to increase annual capacity to 1,200 shop visits by 2028, plus adding new turbine blade repair facility at Rennes and possibly acquiring COMPONENT REPAIR TECHNOLOGIES, OH.
Spirit will sell roughly 10% of its fleet and reduce its workforce, as it strives to cut costs and boost liquidity amid reports of bankruptcy discussions.
TAP M&E has gained certification from regulators to service the Leap 1A engine at its Lisbon facility and plans to open engine MRO slots to the market for 2025.
