Hong Kong Aircraft Engineering (HAECO) saw its 1997 profits edge down as margins came under pressure and the full impact of Asia's economic crisis began to be felt. Earnings of HK$320 million ($41 million) were down by 5.7%, excluding 1997's exceptional item from its venture with Rolls-Royce.
Source: Flight International
Shortages of cast metallic parts and other components continue hindering Pratt & Whitney’s (P&W) ability to produce new engines and to ramp up maintenance work needed to address its recall of PW1000G geared turbofans.
SIA Engineering (SIAEC) expects demand for MRO services to remain strong, although supply chain challenges have extended the time of some aircraft checks.
Israel Aerospace Industries (IAI) is considering launching a conversion programme for the Boeing 787 as it weighs up future projects. Speaking to FlightGlobal sister publication Air Cargo News at the Farnborough International Airshow, IAI executive vice president and general manager, aviation group, Shmuel Kuzi explained that the business is always ...
