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.
GE AEROSPACE is investing >$130m across its MRO and component repair facilities in Europe by end of 2026, including $75m in UK (Nantgarw, Prestwick and London), $30m in Poland (Wroclaw) and $25m in Hungary (Budapest).