Aerospace component provider, Meggitt, has posted a fall of 25% in group revenue to £384million in the third quarter of 2020. For the first nine months of the year, revenue fell by 18% to £1.301bn. “While conditions in the global civil aerospace sector remained weak during the third quarter, our…
Finnair has become the latest E-Jet operator to select AerFin’s BeyondPool component FlightHour-Agreement (FHA), signing a long-term contract to support its fleet of 12 E190 E-Jet aircraft. AerFin’s BeyondPool is a fully bespoke, comprehensive E-Jet component FHA solution, covering repair, overhaul, pooling and on-site provisioning of E-Jet rotable component inventory…
TAG Aero and ITS have entered into an agreement to support the 737 New Gen and A320 market with 131-9B and 9A APU solutions. ITS’s strategic fleet retirement solutions combined with TAG Aero’s extensive APU repair and overhaul capabilities will establish reliable, global support for 737 New Gen and A320…
AAR subsidiary Airinmar, the independent provider of component repair cycle management and aircraft warranty solutions, has signed a new three-year support services agreement with Volaris. The agreement covers the provision of new aircraft warranty services to augment and support Volaris’ internal management team and maximize the recovery of warranty entitlements….
Magnetic MRO, a total technical care and asset management organization, has recently signed CAMO service agreement with regional aircraft leasing company TrueNoord. The agreement includes the re-delivery of two Mitsubishi Heavy Industries CRJ900 NextGen (previously Bombardier CRJ900 NextGen series) type aircraft from a previous operator and all engineering services related…
GA Telesis has been awarded an exclusive mandate from China Airlines to remarket and sell four Boeing 747-400 aircraft. The remarketing mandate will be executed by GA Telesis’ Aircraft Transaction Group (ATG). The 747-400s (MSNs 33734, 33735, 33736 & 33737) are powered by General Electric CF6-80C2B1F engines and are immediately…
Global Crossing Airlines has signed an initial agreement with Spirit Airlines. Spirit will provide on-call and line maintenance for GlobalX, including daily and weekly checks, in support of the GlobalX fleet of A320 and A321 aircraft. The contract will commence in December when GlobalX expects to take delivery of its…
Aeronautical Engineers, Inc. (AEI) has been awarded a contract to provide Aero Capital Solutions (ACS) with four 737-800SF Freighter Conversions. ACS is an Austin, Texas-based leading mid-life aircraft lessor. These AEI conversions represent the first freighters to be offered by ACS to the global air cargo market. All the freighter…
Global AirParts, which provides used, serviceable materials for Sikorsky S-76 helicopters, has commenced a part out project with helicopter lessor, LCI. “Given where values are for some helicopter types, smart asset owners can find a better return on their capital by having the aircraft disassembled and marketed for parts. This…
AvAir, the aviation aftermarket inventory solutions provider, has partnered with Icelandair on a full asset management contract for all surplus materials including a variety of Boeing parts. Icelandair Group’s fleet comprises 51 aircrafts with 34 attributed to Icelandair. “Creating new relationships has always been critical to AvAir, but the pandemic…
