Lufthansa Group chief resists asset ‘fire-sale’
Lufthansa Group will not rush into a disposal of assets, but expects to focus more on its core operations as it progresses towards recovery from the air transport crisis.
Higher expenses, revenue collapse punish GMF AeroAsia H1 earnings
GMF AeroAsia fell deeper into the red for its half-yearly earnings, on the back of increased expenses and a significant decline in revenue, amid the economic downturn caused by the coronavirus outbreak.
HAECO parts out first A320 following CAAC nod
HAECO’s Xiamen unit has started disassembly works on its first A320 (MSN 0950), after the Civil Aviation Administration of China (CAAC) gave its approval to do so.
P&W says no retrenchments yet at Singapore joint venture
Pratt & Whitney has refuted retrenchment rumours at its Singapore-based joint venture with Singapore Airlines’ engineering arm, as it reiterated its commitment to its capabilities in the city-state.
Australian MRO Heston eyes ‘disciplined growth’ regionally
Heston MRO will embark on a “staged and disciplined growth path”, focusing on its core business of the Oceania region in the short term, before expansion to the wider Asia-Pacific market.
GA Telesis, Air Astana expand component support contract
Kazakh national carrier Air Astana has expanded its component support contract with GA Telesis to cover its fleet of Airbus A320neo and A321neo aircraft.
Pandemic impact ‘severely felt’ as SIAEC slips to Q1 loss
Singapore Airlines’ MRO unit fell into the red in the first-quarter, as it reiterated a “challenging” outlook with no clear recovery pathway.
Boeing lands digital service deals with Asian carriers
Boeing’s services division has inked a series of orders and contracts— mostly with Asian carriers — for its digital and training products.
SR Technics restructures to focus on engine and line maintenance
SR Technics will concentrate its business on engine services and line maintenance under a restructuring programme with Swfr120 million ($125 million) of fresh financing backed by the Swiss government.
GA Telesis, Liebherr ink E-Jet landing gear overhaul agreement
GA Telesis’ MRO unit will cooperate with Liebherr-Aerospace to provide landing gear repair and overhaul for Embraer E-jet operators in the Americas.