MRO

ST set for Chinese heavy maintenance JV

ST Aerospace has signed a joint venture agreement with Guangdong Airport Management Corporation (GAMC to set up a heavy maintenance facility in Guangzhou, China. Full article

TEXL completes first GE90-115B repair

Taikoo Engine Services (Xiamen) has successfully completed the of repair services on its first General Electric GE90-115B production engine – the largest commercial aero engine currently in operation, powering the Boeing 777. Full article

TEXL gets Part 145 Certification

Taikoo Engine Services (Xiamen) has been certified for Part 145 approval by the Chinese, European and US safety agencies,... Full article

Swire to launch HAECO takeover after Cathay sells stake

Swire Pacific is to launch a takeover bid for HAECO after its purchase of Cathay Pacific’s 15% stake saw it become a majority shareholder in the Hong Kong-based MRO firm. Full article

LHT Wins China Airlines Deal

Lufthansa Technik has signed a long-term deal with China Airlines for component services on the Taiwanese carrier’s airbus fleet of 18 airbus A330-300s and A340-300s. Full article

ST Aerospace sees profits jump

ST Aerospace saw earnings before interest and tax (EBIT) up by 24% in the first quarter of the year, despite a slight dip in turnover. Full article

Korean win for Boeing Shanghai

Boeing Shanghai has signed a maintenance agreement to perform Boeing 737-800 C-checks for South Korean low-cost carrier Jeju Air – it’s first customer from the country. Full article

Lufthansa Technik Profits

Lufthansa Technik managed to increase operating profits by 5.7% to EUR246 million in 2009, almost matching a 6.6% increase in revenue to EUR 4 billion. Full article

Frost & Sullivan see mid-2010 trough for MRO

The effect of the economic recession that has severely affected the aerospace industry is set to continue on MRO service providers going into 2010, according to a report by consultant Frost & Sullivan. Full article