Indian MRO Industry

AAR earns 2024 Military Friendly® Employer designations

Retrieved on: 
Wednesday, November 15, 2023

Wood Dale, Illinois, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has earned the 2024 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations.

Key Points: 
  • Wood Dale, Illinois, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that it has earned the 2024 Military Friendly® Gold Employer and Military Friendly® Spouse Employer designations.
  • Institutions earning the Military Friendly® Employer designation were evaluated using both public data sources and responses from a proprietary survey.
  • Methodology, criteria, and weightings were determined by VIQTORY, a third-party employer evaluator, with input from the Military Friendly® Advisory Council of independent leaders in the military recruitment community.
  • It is an honor to once again be recognized as a Military Friendly® Gold Employer and Military Friendly® Spouse Employer.”
    “Organizations earning the Military Friendly® Employer designation have wholeheartedly invested in comprehensive and impactful initiatives that bring about positive, life-changing results for our valued service members, dedicated military spouses, and esteemed veterans within their ranks.

Aerospheres Forms Consignment Agreement with Joramco

Retrieved on: 
Wednesday, November 15, 2023

Representatives from Aerospheres and Joramco participated in the ceremony.

Key Points: 
  • Representatives from Aerospheres and Joramco participated in the ceremony.
  • Aerospheres has been a trusted partner of Joramco, supplying aviation-related chemicals for many years.
  • Under this agreement, Aerospheres will consign an agreed inventory to Joramco, allowing them to consume directly from stock.
  • “We now have many large MROs and airlines participating in consignment programs, across the globe, and we’re thrilled to now include Joramco as a consignment customer.”
    Commenting on this agreement, Chief Executive Officer of Joramco, Fraser Currie, said, “Here at Joramco, we are proud in our ability to lead the way and set new industry standards.

AireXpert Secures $3 Million Oversubscribed Investment Round Led by Reformation Partners

Retrieved on: 
Thursday, November 16, 2023

AireXpert, a leading provider of aerospace and aviation collaboration and automation solutions, is thrilled to announce the successful closure of a $3 million oversubscribed investment round.

Key Points: 
  • AireXpert, a leading provider of aerospace and aviation collaboration and automation solutions, is thrilled to announce the successful closure of a $3 million oversubscribed investment round.
  • This funding, led by Miami-based growth equity firm Reformation Partners, marks a significant milestone for AireXpert as it continues to redefine the landscape of technology for airlines and MRO (Maintenance, Repair & Overhaul) organizations.
  • Andy Hakes, Founder & CEO of AireXpert, expressed enthusiasm about the company's trajectory, stating, "2023 has been an amazing year.
  • The investment round will enable AireXpert to further enhance its team, accelerating expansion into key markets.

Artemis Aerospace explores the best first-class cabin designs

Retrieved on: 
Thursday, December 14, 2023

WISTON, England, Dec. 14, 2023 /PRNewswire/ -- As you board a plane and shuffle down the aisle of economy class, you might have booked a window seat for the view or opted for an aisle seat for easy access to the loo. However, what happens next is in the lap of the gods.

Key Points: 
  • Artemis Aerospace has a look at what we're missing and explores some of the world's best first-class cabins.
  • Will the meal be something you like, and will there be enough to sustain you during the journey?
  • Despite these concerns, economy class passengers usually end up at their destination having had a perfectly pleasant flying experience.
  • Artemis Aerospace offers an innovative approach to component solutions for the aviation sector.

Artemis Aerospace explores the best first-class cabin designs

Retrieved on: 
Thursday, December 14, 2023

WISTON, England, Dec. 14, 2023 /PRNewswire/ -- As you board a plane and shuffle down the aisle of economy class, you might have booked a window seat for the view or opted for an aisle seat for easy access to the loo. However, what happens next is in the lap of the gods.

Key Points: 
  • Artemis Aerospace has a look at what we're missing and explores some of the world's best first-class cabins.
  • Will the meal be something you like, and will there be enough to sustain you during the journey?
  • Despite these concerns, economy class passengers usually end up at their destination having had a perfectly pleasant flying experience.
  • Artemis Aerospace offers an innovative approach to component solutions for the aviation sector.

Materialise, Proponent, and Stirling Dynamics Sign Letter of Intent to Provide Certified 3D-Printed Cabin Solutions

Retrieved on: 
Tuesday, December 12, 2023

LEUVEN, Belgium, Dec. 12, 2023 /PRNewswire/ -- Materialise NV (NASDAQ:MTLS) , a global pioneer in 3D printing solutions and services, Proponent, the largest independent aerospace distributor, and Stirling Dynamics, an EASA 21.J-certified Aerospace Design Organization, have announced the signing of a letter of intent (LOI) aimed at providing certified cabin solutions for aircraft.

Key Points: 
  • Stirling Dynamics, an Expleo company, strengthens an existing partnership between Materialise and Proponent that was formed in 2021.
  • By combining their unique forces, the three companies can support the aerospace aftermarket with the design, production, and distribution of certified 3D-printed cabin solutions.
  • As an aerospace-approved Design Organization (DOA), Stirling Dynamics develops improved, certified designs for 3D-printed interior cabin parts and provides complete aircraft documentation and installation instructions.
  • Already, several cabin repair solutions have been successfully developed between Stirling Dynamics and Materialise, solving specific issues the customers face in their cabins.

Artemis Aerospace investigates the growth of the aviation industry in India

Retrieved on: 
Monday, November 13, 2023

WISTON, England, Nov. 13, 2023 /PRNewswire/ -- The announcement earlier this year that the Air India Group has ordered 470 aircraft set the aviation industry alight with interest and excitement. Speaking recently at an event to unveil Air India's new brand identity, CEO Campbell Wilson stated that the Group's ambitious expansion plans would mean taking delivery of a new aircraft every six days on average until the end of 2024. This staggering total comprises 250 from Airbus and 220 from Boeing, with a further option to buy another 370 planes. It's the largest aircraft order in aviation history and is worth $70 billion.

Key Points: 
  • Artemis Aerospace investigates India's rise to the skies.
  • WISTON, England, Nov. 13, 2023 /PRNewswire/ -- The announcement earlier this year that the Air India Group has ordered 470 aircraft set the aviation industry alight with interest and excitement.
  • As these figures demonstrate, the aviation industry in India is undergoing a transformation which is nothing short of dramatic; it now has the third-largest domestic market globally, second only to America and China.
  • As a company supplying effective component supply solutions to the global aviation business, the team at Artemis has its fingers firmly on the industry pulse.

Artemis Aerospace investigates the growth of the aviation industry in India

Retrieved on: 
Monday, November 13, 2023

WISTON, England, Nov. 13, 2023 /PRNewswire/ -- The announcement earlier this year that the Air India Group has ordered 470 aircraft set the aviation industry alight with interest and excitement. Speaking recently at an event to unveil Air India's new brand identity, CEO Campbell Wilson stated that the Group's ambitious expansion plans would mean taking delivery of a new aircraft every six days on average until the end of 2024. This staggering total comprises 250 from Airbus and 220 from Boeing, with a further option to buy another 370 planes. It's the largest aircraft order in aviation history and is worth $70 billion.

Key Points: 
  • Artemis Aerospace investigates India's rise to the skies.
  • WISTON, England, Nov. 13, 2023 /PRNewswire/ -- The announcement earlier this year that the Air India Group has ordered 470 aircraft set the aviation industry alight with interest and excitement.
  • As these figures demonstrate, the aviation industry in India is undergoing a transformation which is nothing short of dramatic; it now has the third-largest domestic market globally, second only to America and China.
  • As a company supplying effective component supply solutions to the global aviation business, the team at Artemis has its fingers firmly on the industry pulse.

AAR launches 2023 ESG Summary Report

Retrieved on: 
Wednesday, November 8, 2023

Wood Dale, Illinois, Nov. 08, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summary Report, demonstrating the Company’s continued efforts to focus on the environment, drive social responsibility, and govern with integrity.

Key Points: 
  • Wood Dale, Illinois, Nov. 08, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, launched its 2023 ESG Summary Report, demonstrating the Company’s continued efforts to focus on the environment, drive social responsibility, and govern with integrity.
  • New to the 2023 report is an ESG commitments statement and overview of ESG governance enhancements.
  • “Our 2023 ESG Summary Report demonstrates AAR’s commitment to positively shaping our impact on the environment, communities, and the industry,” said John M. Holmes, AAR’s Chairman, President and CEO.
  • “I’m proud of our efforts to build on successes and create an even brighter future – together.”
    Highlights from AAR’s 2023 ESG Summary Report include the Company’s successful efforts to:
    Reduce its rate of recordable injuries; no employees sustained major injuries during FY2023

AAR and MTU Maintenance extend Pratt & Whitney PW2000 aircraft engine parts supply agreement

Retrieved on: 
Tuesday, October 17, 2023

Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.

Key Points: 
  • Wood Dale, Illinois, Oct. 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed a multi-year contract extension with MTU Maintenance, the global market leader in customized solutions for aero engines, to supply parts for Pratt & Whitney PW2000 engines.
  • This fourth extension marks the continuation of an AAR-MTU contract that originally began in 2009.
  • Under the agreement, AAR supplies used serviceable material for the PW2000 engine program at MTU’s facility in Hannover, Germany.
  • “I am looking forward to continuing this successful partnership for years to come.”
    “AAR is thrilled to continue supporting valued customer MTU on the PW2000 engines,” said Christine Bognar, AAR’s PW2000 Product Director.