The economic downturn’s vicelike grip may have largely spared India, but it has squeezed the country’s export-import sectors. Air cargo has been feeling the pinch for quite some time now. Gone is the hype and the air of overt optimism that was seen and heard just a few months ago where startup cargo airlines announced grandiose plans and established players went onrecord with grand expansion plans. For the air cargo business in the country, long content to remain on the sidelines, … [Read more...] about Global crisis clips wings of domestic upstarts
air cargo freight
Lufthansa Technik prospers in Philippines
Lufthansa Technik Philippines (LTP) has declared a cash dividend of US$18.4 million to its two major shareholders, MacroAsia Corp. of the Lucio Tan Groupand Lufthansa Technik AG. Of the total dividend payout, MacroAsia, which owns 49 per cent of LTP, will get US$9 million while Lufthansa Technik AG will secure US$9.4 million for its 51 per cent stake in the joint venture firm. LTP is the only company which provides a wide range of aircraft MRO services at the Ninoy Aquino International … [Read more...] about Lufthansa Technik prospers in Philippines
MAS to seal Indian MRO joint venture
Malaysia Airlines (MAS) will seal the agreement for a maintenance, repair and overhaul (MRO) joint venture in Hyderabad, India, by end of this month, its chief executive officer and managing director Idris Jala said recently. He declined to say how much stake MAS will hold in the joint venture. “It is our desire to have robust and commercially viable MRO joint venture in Hyderabad,” Idris said following the signing of a code-sharing agreement with Jet Airways. “We … [Read more...] about MAS to seal Indian MRO joint venture
Boeing/Air India MRO facility is a ‘go’
Boeing has signed the much-delayed lease agreement with Maharashtra Airport Development Company for setting up a US$100-million maintenance, repair and overhaul facility at Nagpur. The facility is a joint venture between the aerospace major and national carrier Air India, while MADC, a government agency, has provided the land. “We have finally signed the necessary papers to live up to the promise made in 2006 that Boeing will have its world’s second MRO with Air India as … [Read more...] about Boeing/Air India MRO facility is a ‘go’
Goodrich awarded TransAsia A320 contract
Goodrich Corporation will deliver broad MRO services for Taiwan-based TransAsia Airways’ fleet of seven Airbus A320 family aircraft. The flight hourbased support agreement, which includes Goodrich sensors, actuation, engine control and electrical power products, covers the aircraft for an initial period of three years. The majority of the maintenance work will be conducted at Goodrich’s MRO campuses in Singapore; Xiamen, China; and Sydney, Australia, the group said in a … [Read more...] about Goodrich awarded TransAsia A320 contract
Ameco Beijing sees revenue rise in 2008
Ameco Beijing said recently its operational revenue increased 17.5 per cent in 2008 from the previous year without releasing details. Ameco Beijing, a 60/40 joint venture of Air China and Lufthansa, said its revenue has increased at a double digit rate annually since 2002. Man-hours performed in airframe overhaul increased 4 per cent, the company’s engine workload rose 6.5 per cent and its landing gear workjumped 62 per cent.In 2008, Ameco Beijing opened a hangar large enough to … [Read more...] about Ameco Beijing sees revenue rise in 2008
