ST Aerospace announced that it has concluded joint venture (JV) discussions with Guangdong Airport Management Corporation (GAMC) to set up a commercial aircraft heavy maintenance facility in Guangzhou, China. The JV company, ST Aerospace (Guangzhou) Aviation Services Company Ltd, will have a total investment of US$99 million. ST Aerospace will own a 49 per cent stake of the JV company, while GAMC will own 51 per cent of the company. The facility is expected to begin operations in roughly two … [Read more...] about ST Aero forms MRO JV in Guangzhou
MRO Conversions & Manufacturers
MRO JV for Goodrich and Turkish
Goodrich Corporation and Turkish Technic, Inc. have formed a joint venture company to provide maintenance, repair and overhaul (MRO) services in Istanbul, Turkey. The joint venture company, known as Goodrich Turkish Technic Service Center, will provide nacelle, thrust reverser and related component services including rotable support. The center will provide services for the Airbus and Boeing fleets of Turkish Airlines and other carriers in Turkey and neighboring regional fleets. The two … [Read more...] about MRO JV for Goodrich and Turkish
New MRO facility for Bahrain
Gulf Technics and SIA Engineering Co. (SIAEC), a subsidiary of the Singapore Airlines Group, have announced their intention to open a new maintenance, repair and overhaul facility in Bahrain by 2012 with construction to start late this year or early next. The facility will to be able to accommodate up to two wide-body aircraft or four narrow-body aircraft. Gulf Technics is a wholly owned subsidiary of Mumtalakat Holding Co., the investment arm of the Kingdom of Bahrain and a sister company of … [Read more...] about New MRO facility for Bahrain
China’s trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China’s trade surplus rises in June
China's trade surplus rises in June
China's trade surplus was US$20 billion in June, the highest level in eight months, Bloomberg reported. The increase came largely thanks to surging exports, which were up 43.9 per cent year-on-year. But customs officials were quick to warn that troubles in the Eurozone had begun to affect Chinese exports to the region. Weakened US demand, increased wages, and reduced export tax rebates were also working to undermine the competitiveness of Chinese exports and international pressure on China to … [Read more...] about China's trade surplus rises in June
ATSG acquires three B767 for conversion
Air Transport Services Group, Inc. has announced that its Cargo Aircraft Management Inc. (CAM) subsidiary has committed to purchase three Boeing 767-300-series extended-range aircraft from Qantas Airways Ltd with delivery in the third quarterthis year. When converted into freighters, they will have a range of approximately 3,255 nautical miles, and a maximum payload of 54 tonnes. The three aircraft are expected to be operational in the first half of 2011 on a leased or ACMI basis. … [Read more...] about ATSG acquires three B767 for conversion
