ST Aerospace has announced that it has renewed a maintenance contract with US Airways worth US$60 million over three years. Commencing in January 2010, the renewed contract will primarily cover heavy maintenance for US Airways’ fleet of Airbus A330s, as well as Boeing 737, 757 and 767 aircraft. Maintenance work for the aircraft will be performed at ST Aerospace’s Mobile facility in the US state of Alabama. ST Aerospace’s relationship with US Airways began in … [Read more...] about US Airways renews ST Aero contract
MRO Conversions & Manufacturers
New maintenance training center in Hyderabad
GMR Hyderabad International Airport Ltd., (GHIAL), has signed an agreement with aircraft engine manufacturer, CFM International (CFM), to establish a new CFM56 maintenance training center to support its customers in the South Asian region. CFM International is a 50/50 joint venture between Snecma (SAFRAN Group) of France and General Electric Company (GE) of the US. The training centre, which will commence operations by late January 2010, will be located in the GMR Aerospace Park, being … [Read more...] about New maintenance training center in Hyderabad
Goodrich opens new Brazilian MRO facility
Goodrich Corporation has officially opened its new maintenance, repair and overhaul (MRO) facility located in Sao Carlos, Brazil in the TAM Technological Condominium. The facility, Goodrich do Brasil, will initially focus on repairing International Aero Engine (IAE) V2500- A5 engine inlets, fan cowls and thrust reversers for customers in Latin America and the Caribbean. Capabilities will be expanded in the near future to service other nacelle platforms currently operating in the region. … [Read more...] about Goodrich opens new Brazilian MRO facility
Airline exec confidence returns
Airline executives expect improved results and a rebound in cargo volumes in the coming year, a "turning point" for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association (IATA) said confidence had grown markedly among major carriers in Asia, Europe and the Americas. "This does look like a turning point," IATA said of the quarterly business confidence poll. … [Read more...] about Airline exec confidence returns
China posts 8.9 per cent Q3 GDP growth

China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
China-ASEAN Free Trade Area on track
The Chinese Vice Premier has reaffirmed his country's commitment to going beyond the China-ASEAN Free Trade Area (CAFTA) which is set to come into effect on January 1, 2010 in developing comprehensive economic cooperation in the Asian region. This agreement will provide a zero-tariff policy on 90 per cent of the products traded between China and ASEAN countries including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Once CAFTA takes … [Read more...] about China-ASEAN Free Trade Area on track
