TagsMRO

Boeing acquires aerospace parts supplier KLX

Boeing announced on May 1, 2018, entering a definitive agreement to acquire KLX as a means to enhance its growing services business. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1.0 billion of net debt, totaling at ¬†$4.25 billion. Boeing’s acquisition of KLX ¬†will include KLX’s Aerospace Solutions […]

Lufthansa Technik and MTU Aero Engines to establish MRO joint venture

Lufthansa Technik and MTU Aero Engines are planning to set up a joint venture company for the MRO of geared turbofan (GTF) engines, with each of the partners holding a 50-percent stake. An agreement to this effect was signed by the two companies in Berlin (Germany) on the 20th of February 2017 after the feasibility […]

TS&S Aerospace awarded with contract to service Trent 700 from SriLankan Airlines

Abu Dhabi based Company awarded contract from SriLankan Airlines becoming the first independent MRO provider to overhaul the Trent 700 engine Aerospace Turbine Services & Solutions LLC (TS&S Aerospace), a leading maintenance, repair and overhaul (MRO) provider for aircraft engines in the Middle East, has been selected by SriLankan Airlines to service the Trent 700 […]