Precision Aircraft Solutions announced today that it has reached a definitive agreement with Altech Aerospace of Portland, Oregon, to join forces in the aerospace industry. Altech will continue doing business under its brand name as a division of Precision. “We are very pleased to welcome the Altech team into the Precision organisation,” said Precision president Gary Warner. “Altech brings with it strong and complementary engineering capabilities, and we are looking forward to the new … [Read more...] about Precision expands with acquisition of US-based Altech Aerospace
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MRO Conversions & Manufacturers
Airbus and SIAEC incorporate MRO joint venture in Singapore
Airbus and SIA Engineering Company (SIAEC) have completed the incorporation in Singapore of their new joint venture maintenance and overhaul company, first announced earlier this year at the Singapore Airshow. Having received all necessary approvals from competition authorities, the new company will be named Heavy Maintenance Singapore Services Pte Ltd (HMS Services) and will begin operation in December. SIAEC holds a 65 per cent equity stake in HMS Services with Airbus holding 35 per … [Read more...] about Airbus and SIAEC incorporate MRO joint venture in Singapore
Regulators pledge closer global cooperation with industry at TIACA ACF
Air cargo leaders and regulators from across the globe pledged to work more closely together to ensure a more efficient, safer air cargo supply chain on the opening day of TIACA’s Air Cargo Forum (ACF) in Paris, France today. The air cargo community must work towards a paperless environment to ensure the industry maintains and develops its competitiveness, especially in expanding e-commerce markets, delegates at the Plenary session of the ACF heard. The development of advanced screening … [Read more...] about Regulators pledge closer global cooperation with industry at TIACA ACF
ST Aero secures $520 million in 3Q contracts
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its aerospace arm - ST Aero - has secured new contracts worth $520 million (US$373.4) in the third quarter (3Q) of 2016, for various projects ranging from line and airframe maintenance to component repair and overhaul. The total contract value above includes the P2F (passenger-to-freighter) conversion of four Airbus A330-300 for DHL Express, announced in July. The first aircraft has been inducted into EFW, ST … [Read more...] about ST Aero secures $520 million in 3Q contracts
Payload Asia honours excellence in the air cargo supply chain
In the closely fought, highly coveted category of Overall Carrier of the Year at the 5th annual Payload Asia Awards 2016 held on 29 Oct, it was the Gulf carriers who walked away with top honours for both the Customer Choice Award which went to Qatar Airways Cargo and the Industry Choice Award which was awarded to Emirates SkyCargo. For Emirates this is a repeat performance in this category while Qatar Cargo took home the award for the first time at the Gala Awards Dinner held in Hong Kong for … [Read more...] about Payload Asia honours excellence in the air cargo supply chain
Payload conference shaping up to be best yet
This year’s highly anticipated Payload Asia Conference and Awards in Hong Kong on 28-29 September – now in its fifth year – is shaping up to the best event to date. Two days of hot topics in the air cargo supply chain will be discussed in six roundtables – Hub or Hubris, Disruption, E-commerce, Dangerous Goods, One Belt – One Road and Maindeck. A facility tour hosted by Hong Kong Air Cargo Terminal Ltd (HACTL) will also be a key event on the first afternoon. Networking will also be a key … [Read more...] about Payload conference shaping up to be best yet
