ST Engineering last week announced that its wholly owned aviation asset management unit has entered into an agreement with Singaporean holdings company Temasek to set up a 50-50 joint venture (JV) for cargo aircraft leasing. The move comes as e-commerce and air cargo volumes have resulted to a growing demand for freighter aircraft. The company expects to purchase passenger plane feedstock at lower prices with itention to finance older aircraft through a mix of equity and debt. It plans to … [Read more...] about ST Engineering, Temasek set up cargo jet leasing venture
MRO Conversions & Manufacturers
ST Engineering, EFW sign A321P2F orders for Irish lessor
ST Engineering and Airbus’ joint venture, Elbe Flugzeugwerke (EFW), announced an order for four Airbus A321 passenger-to-freighter (P2F) conversions from Dublin-based leasing company GTLK Europe. The aircraft lessor says the single-aisle converted freighter, is an important complement to its portfolio as it looks to meet the increasing demand in the express and e-commerce cargo market. According to its website, GTLK Europe has more than a dozen Airbus narrowbody jets in its sea and air … [Read more...] about ST Engineering, EFW sign A321P2F orders for Irish lessor
Topcast expands portfolio with Darchem insulation systems
Topcast Aviation Supplies Co., Ltd. (Topcast) and Darchem Engineering have signed a three-year distributor agreement last March 2021 to offer advanced lightweight thermal and fire protection insulation systems. Topcast will be exclusive distributor in Asia Pacific and authorised distributor globally. Darchem Engineering uses computer-aided design techniques alongside onsite fire testing facilities to created thermal solutions for the aerospace, motorsport, nuclear, oil & gas and defence … [Read more...] about Topcast expands portfolio with Darchem insulation systems
IAI, Incheon Airport to establish B777P2F conversion facility
Israel Aerospace Industries' (IAI) Aviation Group has signed a memorandum of agreement (MoA) with Incheon International Airport and MRO services provider Sharp Technics K to establish a passenger-to-freighter (P2F) conversion site for the B777-ERSF (Big Twin) in South Korea. Under the agreement, IAI will convert six B777-300ER and B777-200LR per year, starting in 2024. The conversion specialist forecasts more P2F facilities being established given the expected rise in demand for wide-body … [Read more...] about IAI, Incheon Airport to establish B777P2F conversion facility
Topcast inks Honeywell deal to support B737NG in China
Topcast Aviation Supplies Co., Ltd. (TOPCAST) and Honeywell Aerospace signed a five-year distributor agreement in March 2021, covering the exclusive distribution of mechanical components, including the starter generator, mechanical systems, and air and thermal line-replacement units (LRUs), on Boeing 737NG aircraft in Mainland China. This cooperation is set to lead the way with the delivery of Honeywell’s aftermarket mechanical products. Mainland China is the second largest region for the … [Read more...] about Topcast inks Honeywell deal to support B737NG in China
IAI: Independence Day flyover and ‘Big Twin’ progress
Israel Aerospace Industries (IAI) will hold a unique ‘flyover’ to salute the state of Israel and its citizens on the country’s 73rd Independence Day, scheduled today, 15 April between 12:00 and 14:30 (local time). The company is drafting its cargo conversion prototypes for the B777 and B767, along with two G280 executive jets, which the company makes for Gulfstream. The three aircraft will fly over dozens of towns and villages from the north to south of Israel, which would be an … [Read more...] about IAI: Independence Day flyover and ‘Big Twin’ progress
