Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and revenues to rebound significantly there will need to be major improvements in consumer confidence, industrial output and subsequent international trade volumes, according to new research by independent market analyst Datamonitor. … [Read more...] about Datamonitor: Positive economic signs a start
MRO Conversions & Manufacturers
China posts 7.9% GDP growth for second month
China has reported a 7.9 per cent year-on-year growth in its estimated gross domestic product (GDP) for the second quarter, spurred by a government economic stimulus package. The April-June figure was up from 6.1 per cent in the first quarter and took China's GDP growth to 7.1 per cent for the first six months of this year compared with the same period last year, according to the country's National Bureau of Statistics. In another sign of improvement, China's industrial output grew by 10.7 per … [Read more...] about China posts 7.9% GDP growth for second month
EUROPE & CIS: US$4.1 billion in orders at Paris show for RR
While not everyone left the Paris Airshow in a jubilant mood, Rolls-Royce left with at least a grin on its face after picking up a number of engine orders worth US$4.1 billion from carriers including Gulf Air, Qatar Airlines, Royal China, Condor of Germany, Cathay Pacific and AirAsia X. The orders included an order from AirAsia X for the Trent XWB to power its order – also placed at the Paris show – for 10 firm and five options for Airbus’ A350 XWB aircraft. … [Read more...] about EUROPE & CIS: US$4.1 billion in orders at Paris show for RR
EUROPE & CIS: US$4.1 billion in orders at Paris show for RR
While not everyone left the Paris Airshow in a jubilant mood, Rolls-Royce left with at least a grin on its face after picking up a number of engine orders worth US$4.1 billion from carriers including Gulf Air, Qatar Airlines, Royal China, Condor of Germany, Cathay Pacific and AirAsia X. The orders included an order from AirAsia X for the Trent XWB to power its order – also placed at the Paris show – for 10 firm and five options for Airbus’ A350 XWB aircraft. … [Read more...] about EUROPE & CIS: US$4.1 billion in orders at Paris show for RR
New Indian MRO JV for narrow bodies
TIMCO Aviation Services and Hindustan Aeronautics Limited (HAL) have entered into a new joint venture agreement focusing on providing scheduled C checks and heavy maintenance services for operators of narrow body Airbus and Boeing commercial aircraft in India and the neighboring region. … [Read more...] about New Indian MRO JV for narrow bodies
Foreign MROs may face increased US scrutiny
Threatening to derail an aviation safety pact with the European Commission (EC), US lower house lawmakers have passed a bill mandating US safety inspectors to conduct more checks of overseas aircraft maintenance, repair and overall (MRO) companies. The new bill, not as yet law, requires the Federal Aviation Administration to increase its overseas inspections from once a year to twice a year, and foreign workers would have to submit to the same drug and alcohol testing and criminal background … [Read more...] about Foreign MROs may face increased US scrutiny
