One of the world’s largest and most advanced aero-engine test facility has opened in Korea - the Plane-Engine Maintenance Center operated by the Incheon Aviation Tech Co. LTD (IAT), which is a joint venture between Korean Air and aerospace manufacturer Pratt & Whitney (P&W). The opening of the ETC (Engine Test Cell), which is the first phase of the ‘Plane-Engine Maintenance Center’ project was celebrated on 8 June. Hanjin Group chairman Cho Yang-ho said: “I appreciate the generous … [Read more...] about Korean Air and P&W open world’s largest engine test facility in South Korea
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Korean Air and P&W open world's largest engine test facility in South Korea
One of the world’s largest and most advanced aero-engine test facility has opened in Korea - the Plane-Engine Maintenance Center operated by the Incheon Aviation Tech Co. LTD (IAT), which is a joint venture between Korean Air and aerospace manufacturer Pratt & Whitney (P&W). The opening of the ETC (Engine Test Cell), which is the first phase of the ‘Plane-Engine Maintenance Center’ project was celebrated on 8 June. Hanjin Group chairman Cho Yang-ho said: “I appreciate the generous … [Read more...] about Korean Air and P&W open world's largest engine test facility in South Korea
ST Aerospace’s Guangzhou facility redelivers 50 aircraft to AirAsia
ST Aerospace, the Singapore-based leading aircraft maintenance and modification company, and Guangzhou Airport Authority, celebrated today 50 aircraft redeliveries from its Guangzhou airframe maintenance facility, to AirAsia. The first aircraft was inducted into ST Aerospace’s Guangzhou-based hangar in January 2015, for C-level checks. This was followed by a steady stream of AirAsia’s A320 through the one and a half years, with the 50th aircraft redelivered to AirAsia’s revenue fleet … [Read more...] about ST Aerospace’s Guangzhou facility redelivers 50 aircraft to AirAsia
YTO Express looks to widebody freighters for int’l expansion
Alibaba-backed Shanghai YTO Express (Logistics) Co, China's third largest express-delivery company is planning to introduce at least three widebody freighters to its fleet in 2018 as it seeks to expand its international delivery operations, its chairman said on Monday, according to a China Daily report. YTO Express chairman,Yu Weijiao said the freighters will support the company's overseas parcel delivery service, cross-border e-commerce business and temperature-controlled supply-chain … [Read more...] about YTO Express looks to widebody freighters for int’l expansion
ST Aero injects capital into Guangzhou JV for expansion
Singapore Technologies Aerospace Ltd (ST Aero) has injected its pro rata share of US$24.5 million as additional capital into its Guangzhou-based airframe maintenance, repair and overhaul joint venture company, ST Aerospace (Guangzhou) Aviation Services Company Limited. This additional funding will support the joint venture’s expansion and business growth, ST Aero said. Operating out of the Guangzhou Baiyun International Airport since March 2014, ST Aero (Guangzhou) is a 49:51 joint venture … [Read more...] about ST Aero injects capital into Guangzhou JV for expansion
IATA pessimistic on cargo growth this year
The International Air Transport Association (IATA) has released a pessimistic view on air cargo growth saying, “it is shaping up to be another tough year for air cargo” pointing to the latest 2.0 per cent drop in volumes against a 6.9 per cent rise in capacity. Asia-Pacific carrier, in particular, saw a 5.2 per cent decline in demand in March compared with a year ago. The latest IATA data for global air freight markets for March 2016 showing a 2.0 per cent drop in volumes measured in freight … [Read more...] about IATA pessimistic on cargo growth this year
