The latest news in brief from the MRO industry, including approvals to use automated drone and artificial intelligence technology for general visual inspections of aircraft and first quarter trading updates.
Industry in the region is changing business and risk management practices to ensure compliance with the European Union’s 13 sanctions packages on Russia.
FTAI AVIATION agreed to purchase LOCKHEED MARTIN COMMERCIAL ENGINE SOLUTIONS, which operates 526,000 sq ft CFM56 maintenance/repair facility in Montreal, from Lockheed Martin Canada for $170m; deal is to close in 2H24.
MRO Holdings CEO Greg Colgan sits down with Inside MRO to talk about the company’s priorities and investments this year, as well as capability expansions.
The company's new fuel tank cleaning process aims to solve a problem that can cause considerable damage and correspondingly high costs for aircraft operators.
SWIFT ANCHOR HOLDINGS completed strategic investment in Montreal-based ESSENTIAL TURBINES (engine MRO, specializing in M250 and RR300), supported by investment of equity and debt capital by BALANCE POINT CAPITAL.
FLYADEAL expanded partnership with Lufthansa Technik to include 5-year extension of its Aircraft Engineering Services deal, addition of Swiss-AS' AMOS software to support CAMO services, and advancement of digital technical operations.