ST Engineering Commercial Aerospace is looking to double the value of its assets under management.

Commercial maintenance, repair and overhaul (MRO) providers are getting busier as global flying activity recovers, but some caution that a lack of demand—the primary headwind for much of the last two years—could soon give way to new pain points that would threaten growth.

As part of the deal, the airlines are targeting $500 million of annual run-rate synergies.

MasAir’s supply chain chief on the cargo airline’s growing converted freighter fleet and new supply chain strategies.

Supply-chain issues, combined with staffing challenges and continued uncertainties due to new virus variants, have had negative impacts on aviation support and production.

Passenger and cargo demand being served by narrowbody and freighter flying is helping commercial maintenance, repair, and overhaul (MRO) providers climb out of the downturn and toward pre-pandemic business levels. 

Seven-year agreement covers entire narrowbody engine fleet.

The market for engine leases has been in the ascendance since mid-2021.