Revenue for the commercial aerospace segment of Singapore Technologies (ST) Engineering weakened during the first half (H1) of 2021 as its MRO and aerostructures and systems components underperformed.
Copa Airlines will retrofit its Boeing 737s with Honeywell’s air separation module (ASM), becoming the first announced customer for the fuel tank safety system component.
Porter Airlines will use Embraer’s aftermarket services to maintain its E195-E2 fleet, providing the airline with separate long-term support agreements for major airframe and engine maintenance needs.
Juniper plans to build a portfolio valued at about $600 million within five years consisting of 20-25 freighters, depending on the mix of narrowbodies and widebodies.
Motion control supplier Moog’s aftermarket business is bouncing back quickly despite the company’s high exposure to widebody fleets that are being hit hard by the ongoing international long-haul traffic slump.
Avelo, an all-Boeing 737 Next Generation-series operator, plans to tap its flight data and GE’s repository of algorithms to monitor and improve its operation across the board.
MRO provider HAECO Xiamen has completed its first Boeing 737-800SF freighter conversion, handing over the aircraft to lessor BlackRock Aviation Holdings III LP.
An uptick in commercial activity helped Boeing Global Services (BGS) boost revenues 10% sequentially last quarter and has the company bullish on short-term aftermarket prospects as travel demand continues to rise in key markets.