Aftermarket services specialist AAR Corp. is bracing for a drop in demand for maintenance as airlines scale back to cope with reduced flying amid the coronavirus pandemic, but is already seeing a rebound in markets that are now in recovery mode.
EPlane, an electronic marketplace startup for aviation aftermarket parts and MRO, announced March 24 that it landed $9 million in new funding from Japanese conglomerate Marubeni Corp.
Airlines are drastically cutting their passenger flights in response to the novel coronavirus pandemic, which could take several months to contain. This will cause a rash of aftermarket order cancellations.
The FAA, responding to airport operators seeking help on how to manage rising numbers of grounded aircraft as commercial operators reduce service, has issued national guidance on parking “overflow” aircraft.
Ted Colbert, CEO of Boeing Global Services, spoke with Lee Ann Shay on March 4 at Boeing’s Chicago headquarters about how he’s adjusting to the job that he started in October and how he’s navigating today’s very dynamic business environment.
Lufthansa Technik could provide “attractive” collateral for its parent airline group to raise financing to ensure its survival through the coronavirus crisis, Credit Suisse has said.
Alitalia’s MRO division says it will focus on heavy maintenance work for its in-house fleet of aircraft in the absence of third-party repair work while the COVID-19 coronavirus pandemic plays out.
Constant Aviation, a Cleveland-based maintenance, repair and overhaul specialist, says concern over the COVID-19 pandemic has triggered a wave of inquiries from business and commercial operators over applications of a specially developed anti-microbial protection treatment for aircraft interiors.
As in-person classes are cancelled to prevent the spread of COVID-19, many aviation maintenance schools are scrambling to come up with contingency plans for Part 147 curriculum.
The association that represents U.S. aviation repair stations has asked the Trump administration and Congress for $11 billion to help offset an anticipated slowdown in aftermarket work as airlines ground aircraft and wait out the COVID-19 coronavirus crisis.
As the impact of the COVID-19 coronavirus pandemic continues to disrupt the global aviation industry, German giant MTU Aero Engines, parent company of MTU Maintenance, has revealed some of the measures implemented to negate some of its effects.
Boeing has formally joined the Digital Aviation Research and Technology Centre (DARTeC) at Cranfield University in the UK and will participate in project areas such as digital maintenance repair and operations once it commences from summer 2020.
ST Engineering’s aerospace arm is based Singapore, whose warm, humid climate has apparently limited the local spread of coronavirus. But it has facilities in San Antonio, Texas, and Shanghai, China, and customers that fly all over the world, so is subject to the general forces hitting air-traffic demand.
