Maintenance, repair and overhaul news from around the world
New York Stock Exchange-listed Hexcel has announced a regular quarterly cash dividend of US $0.125 per share on the common stock of Hexcel, which it said would be payable to stockholders of record as of February 10, with payment date to follow on February 17. Hexcel...
Arizona-based inventory solutions provider AvAir has signed a deal with Sanad Group to provide asset management solutions for Airbus, Boeing, and Embraer components. The tie-up, AvAir said, will "create one of the world’s largest component exchange pools, allowing...
Raytheon Technologies announced on December 20 it has carried out a "successful first engine run of the company's regional hybrid-electric flight demonstrator". The run, which was hosted by Raytheon business Pratt & Whitney Canada at its Quebec innovation...
Pratt & Whitney Canada said on December 6 it was working with American Express (Amex) to "provide qualifying customers with a new solution that will allow them to extend payment terms, when buying a new or used P&WC engine". “This new payment solution is part...
Advancing on the Group’s strategy to build a spares hub in France, Vallair has purchased an Airbus A321 (MSN 1008) for imminent part-out. The 1999-vintage aircraft was previously operated by AtlasGlobal and managed by TrueAero. The airframe will be fully disassembled...
Despite issuing an unchanged guidance from its November statement regarding the ongoing issues with its Trent 100 engines, Rolls-Royce said that the roll-out of technical fixes was ‘progressing well”, as its announced a £852m loss for 2019, mainly due to the £1.4bn...
Bii.aero has purchased a B737-800 airframe for teardown, the twenty-year-old aircraft previously owned by lessor Aircastle and operated by Indonesian carrier, Sriwijaya. This aircraft is the first asset acquired by Bii in a pro-active programme that will...
AAR has launched AIRVOLUTION, a new cloud-based solution for component repairs. Intelligent and flexible, AIRVOLUTION combines the best of AAR’s Digital Services and Airinmar’s 30-plus years of expertise in repair cycle management. Integrated analytics and business...
Farsound Aviation (Farsound) has announced the acquisition of Sterling Aircraft Products (Sterling) from the Pump family for an undisclosed amount. Farsound specialises in the supply of C-Class, B-Class and other fast-moving consumable parts for a customer base that...
The main message from the stage of the A340 briefing day being held today in London, jointly hosted by Airline Economics, Airbus, Rolls Royce and CFMi, is that the A340 is a great aircraft that has a great future but only if the OEMs, lessors, banks and financiers...
The US Federal Aviation Administration has extended the original February 11 comment period for comments on its proposed air carrier contract maintenance requirements rules to March 13. The proposed rules would change the maintenance regulations for domestic, flag and...
BAE Systems Regional Aircraft has won a contract for its rate-per-flying-hour aircraft spares support service from Eastern Airways, which covers a three-year support deal for the airline’s fleet of 16 Jetstream 41 turboprop airliners. Eastern Airways operates over 800...