Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China's 2010 trade surplus expected to fall sharply
Leaderboard
MRO Conversions & Manufacturers
Pemco acquires assets of regional specialist ExelTech
GPemco World Air Services (Pemco) has announced the purchase of substantially all of the tooling, equipment, and inventory of ExelTech Canada, one of the largest North American providers of MRO services to the regional airline industry. ExelTech operated hangars in Montreal and Quebec City where it offered comprehensive repair services to operators of Embraer E-Jets and 135/145s, Bombardier CRJ, Q-series, Dash 8, ATR, and Saab regional aircraft. ExelTech commenced reorganisation procedures in … [Read more...] about Pemco acquires assets of regional specialist ExelTech
Cathay signs up HAECO for B747-8F support
Hong Kong Aircraft Engineering Company (HAECO) has signed a Letter of Intent (LOI) with Cathay Pacific Airways to provide long-term Inventory Technical Management (ITM) services for the airline’s fleet of 10 new Boeing 747-8 Freighters, to be delivered between 2011 and 2013. The ITM service, part of HAECO’s technical total-care management solutions, will include asset management, reliability management, supply chain management, technical service and 24/7 AOG support. … [Read more...] about Cathay signs up HAECO for B747-8F support
Brazil’s Sideral goes with AEI for B737 conversion
Aeronautical Engineers, Inc. (AEI) has announced that it has been selected by Sideral Air Cargo of Brazil to provide one B737-300SF 9 Pallet Configuration Passenger to Freighter Conversion. The aircraft, a B737-300, was built in 1988 and is currently undergoing freighter modification and heavy maintenance at AEI’s Authorised Conversion Centre, Commercial Jet, Inc. which is located in Miami, Florida. “We felt that the nine position design will give Sideral Air Cargo an … [Read more...] about Brazil’s Sideral goes with AEI for B737 conversion
More B757 conversion orders for Precision
Precision Conversions, LLC (Precision) has announced that the company has won a contract to provide Aerolease International, Inc. (Aerolease) with three, full 15-pallet position 757-200PCF freighters. The first aircraft, a Pratt & Whitney powered B757-200 is scheduled for induction in April with two more scheduled to follow in May and July. Additionally, the three freighters will have the weight upgrade option offered by Precision, which increases the maximum zero fuel weight and … [Read more...] about More B757 conversion orders for Precision
TSA planning to inspect shops that repair jets
Thousands of aircraft MRO operations in the US and abroad may get increased scrutiny to ensure they are not used by terrorists looking to sabotage US aircraftduring routine maintenance and repairs. A Transportation Security Administration (TSA) regulation proposed recently would for the first time enable the agency to inspect MRO facilities. On TSA advice, the Federal Aviation Administration (FAA) could then suspend a facility’s operating license. Commercial and smaller … [Read more...] about TSA planning to inspect shops that repair jets
