There is nothing like the end of the year to prompt New Year's resolutions, particularly among the worst-performing carriers. Malaysia Airlines (MAS), Jetstar Pacific in Vietnam and Thai Airways International all have the distinction of being businesses that have much promise and potential, but until now have largely failed to deliver on the financial front.

The smallest and the biggest companies in the aviation supply chain should attract equal attention in the airline aftermarket this year. The first driver is the increase in narrowbody production by Airbus and Boeing, and suppliers to those original equipment manufacturers (OEM) who get squeezed to service both aircraft types.

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In September, IATA projected European airlines would deliver a meek collective profit of $300 million next year, but that outlook is likely to be worse now.

t is hardly the first time an airline has sought protection under U.S. bankruptcy law in order to formulate—or at least fine-tune—a new business plan.

Precision Conversions has announced the continuation of the 757-200PCC Combi program. The 1994 Pratt & Whitney-powered Boeing 757-200 has been inducted at Flightstar Aircraft Services' facility in Jacksonville, Fla., as part of a deal for two aircraft with the option of up to four from Cargo Aircraft Management.

Correction: November's Biznet incorrectly stated that Component Control's Web store is located at aeroinv.com. Aeroinv.com, an aftermarket supplier of aircraft parts, launched its online commerce store for aftermarket parts and services and selected Component Control's ERP system for the technology backbone. Joint Ventures/Acquisitions

Pacific Royale Airways, an Indonesian start-up planning to launch operations early next year, has purchased five Fokker 50s from Ethiopian Airlines and has signed a letter-of-intent to lease an undisclosed number of Airbus A320s. The first of the Fokker 50s is due to arrive at the end of this month, with one each coming in subsequent months, says Pacific Royale CEO Sumudra Sukardi. He also says the carrier has paid a security deposit to a leasing company for some Airbus A320s, but has yet to sign the lease agreement.