The owners of loss-making Hawker Pacific Aerospace are negotiating to sell majority control of the component maintenance company to a yet-to-be identified investor. The proposed deal would reportedly entail the sale of up to 60% of the California-based company's stock. Revenues have been up and losses down recently because of growth in the company's Sun Valley landing gear repair business and increased volume and improved performance at it's UK-based subsidiary.
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 ...
