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
MRO Conversions & Manufacturers
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
IATA growth not quite as good as it seems
The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June. But that improving trend is not quite as good as it seems. Remember that it was this time last year when cargo traffic first dipped into negative territory, and so y-o-y comparisons are starting to get better. Comparing traffic figures to 2007 – the peak of the market - … [Read more...] about IATA growth not quite as good as it seems
