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In 2018, Magnetic MRO was acquired by Guangzhou Hangxin Aviation Technology from BaltCap, a move consistent with Magnetic's desire to expand into the Chinese aviation market. [3] Since February 2019, bonds of Magnetic MRO with a redemption date in December 2021, have been traded on the Nasdaq Tallinn exchange as part of the MTF First North list ...
Delta TechOps invested in new MRO technology for engines to cut costs and boost revenue during 2012. [10] In 2013, Delta TechOps and EmpowerMX signed an agreement to employ the cloud-based FleetCycle® MRO Manager product as the primary maintenance-execution tool in all of Delta TechOps airframe MRO facilities. [ 11 ]
The company was founded by Ira Allen Eichner in 1951, to supply radios and other equipment to the commercial aviation industry. [4] I.A. Allen Industrial was incorporated in 1955, renamed Allen Aircraft Radio (AAR) in 1962, and became AAR CORP. in 1970. [4] Also, in 1969, AAR began its aircraft maintenance business in Oklahoma City.
Aviation Maintenance Industry - Finding New Opportunities MROs Should Seek Partners To Gain Work On New Airplane Models; Potential Repatriation Renaissance Could Create 5,000 Mechanic Jobs in U.S ...
The commercial aviation engine MRO market is anticipated by Aviation Week & Space Technology to be $25.9 billion in 2018, a 2.5 billion increase from 2017, led by 21% for the Boeing 737NG' CFM56-7B and the A320's CFM56-5B and IAE V2500 (also on the MD-90) tied for second, followed by the mature widebody engines: the GE90 then the Trent 700. [27]
Avia Solutions Group is a holding company with subsidiaries specializing in various aircraft related businesses, including aircraft maintenance; repair and overhaul (MRO); leasing and trading of aircraft; ground handling and fueling; aviation training; personnel resourcing; and business and corporate aviation, in addition to its primary function as an ACMI provider. [24]
In 2020, Joby Aviation acquired the rights to Uber's Elevate [56] and in August 2021, the company went public. [57] In 2022, Joby set a new eVTOL speed record, [58] had a prototype crash in rural California, [59] achieved an FAA Part 135 air service certification, [60] and signed Delta Air Lines as investor and strategic partner. [61]
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