SIA Engineering, a leading MRO provider based in Singapore, has entered into new Comprehensive Services Agreements with its long-standing partners Singapore Airlines and its low-cost subsidiary Scoot. The agreements have a term of up to three years, superseding the previous arrangements between the parties.
Western Global Airlines (WGA) has officially inaugurated a base maintenance facility at Arkansas International Airport, marking a significant investment in expanding its in-house maintenance, repair, and overhaul (MRO)operations. This development represents a key strategic step toward enhancing the airline’s operational efficiency and self-sufficiency.
SIA Engineering Group, a leading Singapore-based MRO provider, has reported a significant increase in both revenue and profitability for the fiscal year 2024. The company achieved revenue of US$955 million, representing a 13.8% year-on-year increase, while net profit surged 43.8% to reach $107.1 million. These results signal a strong recovery trajectory following several years of pandemic-related disruptions.
EngineStands24, a company based in Estonia specializing in the leasing of engine stands for aviation MRO operations, has officially rebranded as Magnetic Enginestands. The move aligns the business more closely with its parent company, Magnetic Group, which operates a wide portfolio of aviation services.
APOC, a Netherlands-based specialist in aircraft component asset management and leasing, has announced the appointment of Craig Skilton as Vice President – Components. This strategic hire is expected to bolster the company’s growing global operations, particularly in the area of component trading and inventory management.
Lufthansa Technik Services India has announced the appointment of Marcel Pastuska as its new Chief Executive Officer (CEO). The leadership transition marks a strategic step in the company’s continued growth within the Indian aviation maintenance market.
MTU Aero Engines, the German engine manufacturer, has reported a 25% increase in adjusted revenue for the first quarter of 2025, reaching $2.3 billion, as demand for maintenance, repair, and overhaul (MRO) services, as well as OEM engine deliveries, remained robust. The company also posted a 41% rise in adjusted net income, totaling $250 millionfor the quarter.
Lion Air, one of Indonesia’s largest low-cost carriers, has selected StandardAero, a leading independent MRO provider, to deliver maintenance, repair, and overhaul (MRO) services for its CFM56-7B engine fleet. These engines power the airline’s large fleet of Boeing 737 Next Generation aircraft.
Fokker Services Group has finalized a significant modernization project at its component testing, repair, and overhaul facility located at Amsterdam Schiphol Airport in the Netherlands. The upgrade is a major step in expanding the group’s Maintenance, Repair, and Overhaul (MRO) capabilities and enhancing service efficiency for a wide range of aviation components.
HAECO (Hong Kong) has successfully completed the first C-check for a Japan Airlines A350 at its state-of-the-art maintenance facility in Xiamen, China. This marks a significant milestone in the collaboration between the two companies and highlights HAECO’s continued expansion of its Airbus A350 heavy maintenance capabilities.
