Malaysian maintenance, repair and overhaul company Airod plans an initial public offering (IPO) on the Kuala Lumpur stock exchange by the end of September. Some Airod companies may be excluded to make the IPO more attractive, with others floated later. Airod was the first government organisation to be "corporatised", in January 1985. Unaudited 1999 pre-tax profits were 18 million ringgit ($4.7 million), up from 13.89 million ringgit in 1998.
Source: Flight International
Boeing has designated Lufthansa Technik as the first Boeing-licensed Service Center (BLSC) for cabin modifications on its 787 Dreamliner airplanes.
ITP Aero is on a mission. With new chief executive Eva Azoulay at the helm, the former Rolls-Royce subsidiary is coming to the Farnborough air show for the first time as a standalone company, with a new appearance, and something to prove.
Boeing 777 cargo conversion firm Mammoth Freighters has delivered a -200LR for modification to the UK-based specialist STS Aviation Services. Mammoth had reached an agreement for conversion work with STS, located in Manchester, two years ago. The pact covers cargo modification for both 777-200LRs and -300ERs. STS states that US-based ...
