AerFin has received EASA Part 145 maintenance organisation approval certification for its engine MRO services at its 100,000 sq.ft. facility based in the UK. With the certification the group will look to extend its aftermarket services and move towards enhancing its MRO capability across multiple platforms, the company says. The…
Vanguard Group, one of the largest investors in Boeing, has raised concerns over the handling of the grounded 737 Max. It’s being reported by the Financial Times that its fund managers have become “very concerned” by reports of oversight failures following the aircraft’s two crashes, which took place in March….
The Boeing 777X is set to be delayed even further after issues have been found with the General Electric’s GE9X turbine engine. The engine problem is not the first that Boeing has experienced on the plane, following delays to the delivery of the planes carbon fiber wings. These issues, coupled…
Barfield, an American subsidiary of AFI KLM E&M, has entered into exclusive agreement with Arabian Calibration & Devices Repairing LLC (Arabcal) facility to calibrate and repair ground support test equipment (GSTE) in the Middle East. Barfield has said that this contract will increase their operations in the Middle East. Lew…
Etihad Airways and Swae, a start-up based in Vancouver, have partnered to launch iFikra, an artificial intelligence-powered platform aimed at promoting intrapreneurship. The platform aims to allow employees to propose innovative solutions to address Etihad’s ongoing business challenges and untapped opportunities. Tony Douglas, group chief executive officer, Etihad Aviation Group,…
Air New Zealand will use the GEnx-1B engine to power its eight Boeing 787-10 Dreamliner aircraft with option up to 20 aircraft. The firm engine order is valued at more than $480 million list price. Aircraft delivery will begin in 2022. Air New Zealand and GE also agreed to a…
Lufthansa Technik has announced a partnership with South African owned carrier Comair for technical services and integrated fleet management. Operations at the first two local line maintenance stations of the MRO company have already begun. Comair has contracted Lufthansa Technik to provide Total Technical Support (TTS) for its Boeing 737…
MRO specialists FL Technics has said its revenue reached €119 million in 2018, up 14% from €103 million experienced in 2017. The firm has also reached net profit of €10.8 million – up from €5.7 million last year. Zilvinas Lapinskas, CEO at FL Technics, said: “Persistence, LEAN implementation in our…
Worldwide leaders in the areas of aviation leasing and MRO gathered together for talks, exhibitions and networking opportunities at Airline Economics’ Dublin Aviation Summit. Lasting for three days, the Dublin Aviation Summit, began with a golf tournament at the K Club, supported by ACS, which was won by John Keegan of CFM…
Bombardier has signed an agreement with Jetex for the establishment of a new line maintenance station in Dubai, UAE. The group believes this will further complement the tip-to-tail maintenance services provided by Bombardier’s service and support network in the Middle East and around the globe. The new line maintenance station…
Honeywell recently hosted its annual investor day at its US headquarters in Morris Plains, New Jersey, which focused on driving organic growth acceleration, continuous margin expansion and cash flow improvement. In the latest equity research by Jeffries, it is reported that Honeywell expects mid-to-high single digit growth from China with up…
Spirit Aerosystems has announced that it will maintain its current delivery rate on the Boeing 737 program of 52 shipsets per month. This follows Boeing’s announcement that it will reduce its own production rate of the aircraft to 42 aircraft per month. “Previously, we had planned to increase production to…
