Boeing has released its latest 20-year Pilot and Technician Outlook (PTO), projecting that the global aviation industry will require 710,000 new maintenance technicians by 2044. This alarming shortfall in the Maintenance, Repair, and Overhaul (MRO) workforce is emerging as a critical challenge, even as the sector rapidly expands to meet escalating passenger demand and fleet growth.
HAECO, one of the leading independent aircraft maintenance, repair, and overhaul (MRO) service providers in the Asia-Pacific region, has entered into a significant partnership with Liebherr-Aerospace, a global leader in aircraft system component manufacturing and support. The two companies have signed a component maintenance agreement aimed at supporting the COMAC C919 and C929 aircraft programs, marking a key step in…
AirExplore, the largest airline in Slovakia, has entered into a long-term Power-By-The-Hour (PBH) maintenance agreement with FL Technics Wheels & Brakes to support the landing gear components of its expanding Boeing 737-800 fleet. This strategic move comes as AirExplore scales up its operations, increasing its fleet size from 9 to 16 aircraft in 2024.
SIA Engineering, a leading provider of aircraft maintenance, repair, and overhaul (MRO) services, has posted strong financial results for the first quarter of its 2024/2025 fiscal year, buoyed by rising global demand for aviation support services. The company reported a 33.4% increase in revenue, reaching S$358.4 million (US$265.2 million), compared to the same quarter last year.
Chorus Aviation has signed an agreement to acquire Elisen & Associates, a Montreal-based engineering and certification firm known for its work on A220 aircraft as well as Bombardier, Gulfstream, and Learjet special mission platforms. The acquisition aims to enhance Chorus’s competencies in defense contracting, specialized MRO, and aerospace engineering, while expanding its footprint within the heart of Montreal’s aerospace ecosystem.
Pratt & Whitney, a subsidiary of RTX, reported a robust 12% year-over-year increase in Q2 2025 sales, reaching $7.6 billion, fueled by strong performance across both commercial aftermarket and original equipment (OE)segments. The aftermarket division grew 19%, while OE sales rose 15%, supported by higher volume and a favorable product mix, especially from Pratt & Whitney Canada.
GetJet Aviation Holdings, an integrated aviation services group based in Vilnius, Lithuania, has reported a strong net profit of €25.4 million for the 2024 fiscal year, supported by rapid expansion across key business segments including ACMI leasing, aircraft maintenance (MRO), asset management, and component trading. The group recorded total revenues of €184.3 million, confirming its status as one of the most profitable aviation service…
Magnetic Line, a Netherlands-based MRO services provider and part of Magnetic Group, has entered into a two-year line maintenance agreement with Oman Air. The contract covers support for the airline’s Boeing 787-9 Dreamliner operations powered by GEnx engines, based out of Amsterdam Schiphol Airport, effective from 01 July 2025.
AirExplore, a Slovakian charter and ACMI airline, has entered into a maintenance services agreement with FL Technics Wheels & Brakes, a division of FL Technics based in Lithuania. Under this cooperation, FL Technics will be responsible for providing wheel and brake component maintenance for AirExplore’s fleet.
StandardAero, a major independent MRO provider based in the United States, has reported strong demand for serviceable RB211-535 engines, along with related modules and spare parts. The surge in interest is largely due to the tight supply of high-quality, high-cycle remaining assets, particularly for use in legacy widebody aircraft still in active or converted freighter service.
