Deal expected to lay out aftermarket policies for Rolls customers, service providers.

New investment effectively secures the future of the airline's MRO business.

Next 12 to 18 months likely to see more carriers leasing mature engines on a short-term basis.

MRO plans to convert a 23,000 sq.ft bonded warehouse into a new maintenance workshop.

Recovering passenger demand coupled with airlines’ push for more cost-efficient operations could soon drive narrowbody production rates past where they were before the 2020 downturn, Triumph Group President and CEO Dan Crowley said.

The agreement would clarify the manufacturer’s positions on using third-party alternatives such as parts repairs on its engines, and what, if any, ramifications such cost-saving moves have on warranties and other services.

Engine MROs and technology startups believe investment into innovation will be key in meeting growing demand with fewer resources post-pandemic.

Despite COVID-19 challenges GT Engine Services is looking at building new engine capabilities.