Aramex’s founder, Fadi Ghandour put it directly: “While the global economic slowdown continued to affect our revenue growth in this period (revenues fell by eight per cent), we maintained focus on operational cost efficiency and customisation capabilities to better adapt to customers’ changing business needs. This has enabled us to further improve our gross profit margins, control costs, and report an excellent netincome growth.†He went on to add that Aramex … [Read more...] about Innovation and quality pay off for Aramex
One millionth component milestone for IECO
International Engine Component Overhaul (IECO), a joint venture between Rolls-Royce and SIA Engineering Company, has recently celebrated the overhaul of its one millionth component with its entire 200-plus strong workforce and Board of Directors at its recently expanded and upgraded facility in LoyangWay in Singapore. IECO specialises in aero engine component refurbishment services, particularly the repair and overhaul of Rolls-Royce Trent series and RB211 Nozzle Guide Vanes and Compressor … [Read more...] about One millionth component milestone for IECO
Italy’s Alenia and MAS establish Malaysian JV
Alenia Aeronautica and MAS Aerospace Engineering (MAE), a subsidiary of Malaysia Airlines, have signed an agreement to create a joint venture company for the provision of MRO services for ATR aircraft. The new company, MAS-Alenia Aeronautica Aerospace Engineering (MAAE) is 51 per cent owned by MAE and 49 per cent by Alenia Aeronautica. The company’s headquarters will be in Malaysia. … [Read more...] about Italy’s Alenia and MAS establish Malaysian JV
ST Aero wins Primera Air contract
ST Aerospace announced recently it has signed another component support programme – this time with Icelandic operator, Primera Air. Worth US$32.5 million, the programme is for the maintenance, repair and overhaul (MRO) of its landing gears over five years and an eight-year comprehensive component Maintenance-By-the-Hour programme that includes parts exchange, MRO, component engineering services and logistics. Commencing immediately, these contracts are to support the … [Read more...] about ST Aero wins Primera Air contract
Goodrich’s Dubai campus expands service portfolio
Goodrich Corporation has announced the addition of electronic engine control accessories to its portfolio of maintenance, repair and overhaul (MRO) capability at its Dubai MRO campus. The capability covers all electronic engine controls for Rolls-Royce Trent 500, 700 and 800 powered aircraft, such as the Airbus A330 and A340, and Boeing 777. “Having electronic engine control MRO capability at the Goodrich campus in Dubai creates enhanced value and improved levels of technical and … [Read more...] about Goodrich’s Dubai campus expands service portfolio
ST Aero sees 39% drop in H1 profit
ST Aerospace cited “sporadic reduction of work by customers†and “strong competition†as effects of the industry downturn which saw it post a net profi t for the first half of 2009 down 39 per cent year-on-year to S$60.9 million (US$42.5 million). Quarter-on-quarter the result was up 53 per cent on a 9 per cent rise in revenue, in the second quarter, compared to the first. More Boeing 757 freighter conversion redeliveries and completions for its engineering and … [Read more...] about ST Aero sees 39% drop in H1 profit
