InterGlobe Aviation (Indigo) has signed an agreement with Bangalore airport to build a Maintenance Repair & Overhaul (MRO) facility. The 20-year agreement will see InterGlobe build a 13,000 sqm hangar on five acres of land. The facility will be able to accommodate two narrow-body aircraft and support infrastructure, including an engine QEC shop warehouse and engineering offices. The MRO will …
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Abu Dhabi-based Etihad Airways and Deutsche Lufthansa have expanded upon their leasing and code-share agreement signed last December. At a joint press conference in Abu Dhabi James Hogan, President & CEO Etihad Aviation Group, and Carsten Spohr, Chairman & CEO Lufthansa Group signed agreements and memorandums of understanding (MoU) on catering and aircraft maintenance, repair, and overhaul (MRO). The $100 …
Read More »by Devesh Agarwal Finance minister P. Chidambaram disappointed the Indian aviation industry in his budget presented before the Parliament yesterday. Last year, then finance minister Pranad Mukherjee, had offered a small relief to the fledgling aviation MRO (Maintenance, Repair, Overhaul) industry by giving a waiver in customs duty for import of spare and testing equipment, but required the spares be …
Read More »When full service carrier Kingfisher Airlines enacted a latest round of route and capacity cuts last week, it represented simply the latest evidence that the carrier is headed for bankruptcy and is in a death spiral. Part of the drawdown involved the cancellation of almost all of Kingfisher鈥檚 international operations, which occurred after the airlines lessors began demanding the return …
Read More »The damning evidence against Kingfisher continues to mount, as a new report from the UK High Court claims that the embattled airline owes $21.6 million (Rs. 109.06 Crore) to the Bank of Scotland for overdue lease payments on 10 ATR 72-500 aircraft. The action was brought by Bank of Scotland on behalf of a consortium of lenders against Kingfisher parent …
Read More »Earlier today, AMR corporation, the parent company of American Airlines, announced its financial results for the third quarter of 2011. Traditionally, the third quarter is the strongest financial quarter for US airlines. However, AMR posted a net loss of $162 million, $0.48 per diluted share. This stood in contrast to their $143 million net profit in the third quarter of …
Read More »AirAsia X has appointed Lufthansa Technik Philippines (LTP) as its maintenance, repair and overhaul (MRO) services provider for Malaysian carrier’s fleet of eight Airbus aircraft which comprises Airbus A330s and A340s for three years beginning March 2010 at LTP’s facility in Manila. LTP is a subsidiary of Hamburg-based Lufthansa Technik AG, the largest MRO provider in the world and AirAsia …
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