Maintenance, repair and overhaul news from around the world
The Dublin Aviation Summit kicked off yesterday evening with the welcome reception at the Royal Dublin Society where delegates and attendees toasted the start of the second annual exhibition and lifecycle management conference. Today, as well as visiting the...
Italian air traffic controllers are striking again today. Airlines and passengers have been warned to expect delays, longer check in procedures, longer queues. Passengers flying through several European airports – Pisa (PSA), Milano Malpensa (MXP), Milano...
US President Donald Trump has pulled the US out of a landmark nuclear deal with Iran prompting protests from allies and Iran. The Brent crude oil price has spiked on the news – reaching almost $77 per barrel today despite Saudi Arabia’s promises to increase...
Boeing confirmed the acquisition of parts distributor KLX for $4.25 billion to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totalling $4.25...
American Airlines announced a cut in its full-year profit guidance due to a sharp rise in fuel prices over the past few weeks. The carrier expects a $2.3bn increase in fuel costs for this year. The news caused America’s share price to fall by 6.3% yesterday....
On April 20, the Federal Aviation Administration (FAA) issued an Emergency Airworthiness Directive (EAD) requiring operators to inspect fan blades on certain CFM56-7B engines within 20 days. The emergency AD was prompted by the recent event on a Southwest Airlines...
Like the broader aviation market, the aviation maintenance, repair and overhaul (MRO) sector, is enjoying a period of prosperity with analysts predicting another bumper year in 2018. Oliver Wyman’s MRO report forecasts total MRO spending to rise to $114.7...
Boeing has now included commercial aviation services into its latest Current Market Outlook, which comprises ground and cargo operations, engineering and maintenance services, flight operations, as well as marketing and customer services. Revenue for aviation...
Private equity has been moving into the aviation maintenance, repair and overhaul (MRO) sector at a relatively slow pace but over the past five years, the speed of private equity investment in MRO companies in the USA has increased dramatically. This has...
AirAsia has entered the digital payments pace with the official launch of its own mobile waller, BigPay. BigPay can store up to 10 credit and debit cards, and in partnership with MasterCard, AirAsia can offer its own top-up cash card that can be used for...
ST Aerospace was crowned as the Aviation 100 MRO provider of the year at the inaugural MRO Global Dublin Aviation Summit in May. Every year, Airline Economics and MRO Global surveys the industry to determine the leading companies in ten categories to determine the...
Airline Economics has a revitalised website. Although some areas remain under construction at this time, we hope the new look and functionality is both attractive and more user-friendly that our previous pages. From the home page, you can access all of our daily news...