Natixis Corporate & Investment Banking (CIB) (France) has provided financing for the acquisition of ten LEAP-1B engines by Phoenix Aviation Capital (Ireland) and AIP Capital (US). These engines are scheduled for delivery in 4Q 2024 and will be leased to a maintenance, repair, and overhaul (MRO) provider.
Avia Solutions Group (Ireland) has reported impressive financial results for Q3 2024, with revenues rising 25% year-over-year to $2.1 billion. The company’s net profit also saw a significant increase, climbing more than 15% to $87.3 million.
Aeroflot Technics (Russia) has announced the appointment of Marat Tereshchenko as its new CEO. The decision marks a significant leadership transition for the prominent Russian MRO (Maintenance, Repair, and Overhaul) provider, which plays a critical role in servicing and maintaining aircraft for Aeroflot and other carriers.
Avianor (Canada) has officially opened its new state-of-the-art hangar at Montreal-Mirabel International Airport, which will house the company’s A220 Center of Excellence. This milestone reflects Avianor’s commitment to advancing aircraft maintenance, modification, and refurbishment services, particularly for the Airbus A220.
SWISS International Air Lines has signed a Total Component Support (TCS) agreement with Lufthansa Technik (Germany) for its Airbus A350 aircraft. These A350s are scheduled to join SWISS’s long-haul fleet starting in 2025.
Setna iO, a U.S.-based aviation solutions provider, has announced the acquisition of three CF6-80E1A4B engines, bolstering its inventory of high-demand components. This strategic purchase supports Setna iO’s commitment to providing flexible and reliable solutions for the aviation industry.
StandardAero, a leading aerospace maintenance and repair organization (MRO) based in the US, has reported a 13.2% year-over-year increase in revenue for the third quarter (Q3) of 2024, reaching $1.24 billion. The company also posted a net income of $16.4 million, reflecting its ability to sustain profitability while managing operational growth. Capital expenditures (CapEx) during the quarter amounted to $25.3 million, while cash reserves…
Lufthansa Technik has established a non-exclusive maintenance contract with Avianca to support the LEAP-1A engines powering Avianca’s aircraft fleet. This agreement enhances Avianca’s access to high-standard engine maintenance services provided by Lufthansa Technik, a leader in aircraft maintenance, repair, and overhaul (MRO) solutions.
Asia Digital Engineering (ADE), a maintenance and engineering services provider based in Malaysia, has officially received Approved Maintenance Organization (AMO) certification from the Civil Aviation Authority of Vietnam (CAA). This certification allows ADE to offer its full suite of maintenance services to airlines operating within Vietnam, expanding its reach and reinforcing its position as a trusted maintenance partner in…
In a significant move to boost its aviation industry, Nigeria has entered into a Public Private Partnership (PPP) with an undisclosed private firm to establish a Maintenance, Repair, and Overhaul (MRO) facility for aircraft. This development marks an important step for Nigeria’s aviation sector, providing local access to advanced maintenance services and reducing dependency on foreign MRO providers. The new facility…
