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July 2018

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AerFin has signed a five-year Beyond Pool support contract to support IKAR Airlines’ fleet of seven Embraer E190s and will be fully supported out of AerFin’s London Gatwick facility together with the provision of a significant inventory-holding located at the main operating base at Sheremetyevo International Airport in Moscow.

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AJW Group has signed an Airbus A320 component repair agreement between Allegiant Air and the Group’s Montreal-based MRO facility, AJW Technique. The contract, covering 150-part numbers, will see AJW supporting up to 100 aircraft by 2020. The fixed price repair contract will be carried out in Montreal and Allegiant will have access to a full pool of A320 forward exchange spares material.

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AJW Groupn has secured a new power-by-the-hour (PBH) contract with Cambodia Airways, which is due to begin operations later this year, serving all countries within the  Southeast Asian region, mainland China, Japan, South Korea, Hong Kong, Macau and Taiwan from its bases in Phnom Penh, Siem Reap and Sihanoukville. The carrier also has plans to expand its intercontinental network to Europe and Australasia in the coming years. The long-term contract covers Cambodia Airways’ fleet of Airbus A320 family aircraft, which is set to grow to up to 20 over the next five years.

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GMF Aero Asia and Citilink Indonesia have signed a five-year component pooling contract covering 800 part numbers for 18 Airbus A320 aircraft. GMF projects revenue of $1.6 million per year, which will grow with the addition of part numbers and more aircraft in the Citilink fleet. Iwan assured that GMF will provide added value for Citilink and other customers in this Component Pooling business.

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GMF Aero Asiareported 1Q18 reported operating income of $115.9 million (an increase of 9.3% on 1Q17) and an operating profit of $12.8 million (+2.2%).Nnet income was recorded at $7.4 million (6.3% margin). The revenue contribution from Repair & Overhaul (airframe, component and engine) amounted to $95.9 million, with $20 million from line maintenance. It is targeting revenue growth of about 15% in 2018, with net profit expected to remain in double digits.

 

The quarter also saw the addition of airframe check capability for the Boeing 737 MAX, an additional 56 parts for component maintenance for various aircraft types, as well as additional capacity of up to 14 simultaneous lines for the narrowbody hangar. New customers came from Thailand and Bangladesh. The company also noted dispatch reliability of 99.64% and 100% figure on turnaround time.

 

The company’s Project International Footprint Australia is now close to completion.

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Liebherr-Aerospace and HOP! have renewed their Pay-by-the-hour Repair Services Agreement for a combined fleet of 25 CRJ700 and CRJ1000 aircraft. The support services will be performed by Liebherr-Aerospace’s service stations in Lindenberg (landing gear, flight control/actuation systems, gears and gearboxes) and Toulouse (air management systems).

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