FL Technics posts full year financial results

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…

Industry leaders join together for Dublin Aviation Summit

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 establishes Dubai new line maintenance station

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 updates investors

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 to halt increased production of 737 Max aircraft

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…

VDTM receives ISO certification

Volga-Dnepr Technics Moscow (VDTM) has been certified for compliance with the ISO 9001-2015 international standard. The implementation of a quality management system (QMS) was a strategic decision aimed at enhancing the company’s performance, reducing risks and providing a firm basis for its sustainable development. The QMS implemented has improved the…

APOC Aviation acquires three A320 airframes for part-out in China

APOC Aviation has acquired three A320 airframes for part-out.  MSN 712, 718 and 720 were formerly acquired by CALC Group (China Aircraft Leasing Group) from China Southern Air Leasing earlier this year. APOC will retain CALC Group’s MRO joint venture, FL ARI Aircraft Maintenance & Engineering Company (FL ARI) to…

Air Botswana signs pool program agreement for its E170

Embraer has signed  a Pool  Program Agreement  with Air  Botswana to  support a  wide  range  of repairable components  for itsE170aircraft. The multiyear Pool Program Agreement includes full repair coverage for components and parts as well as unlimited access to a large stock of components at Embraer’s distribution centre. “Air Botswana…

Air Botswana signs pool program agreement for its E170

Embraer has signed  a Pool  Program Agreement  with Air  Botswana to  support a  wide  range  of repairable components  for itsE170aircraft. The multiyear Pool Program Agreement includes full repair coverage for components and parts as well as unlimited access to a large stock of components at Embraer’s distribution centre. “Air Botswana…