Asia-Pacific Aerospace Briefs Today
November 15th 2021
ST Engineering’s commercial aerospace business has secured a five-year component maintenance-by-the-Hour (MBH) contract from Virgin Australia Airlines. Under the contract, ST Engineering will provide full, integrated component support to the airline’s growing fleet of 737NG aircraft from this month. Read More » The suite of comprehensive component MRO services includes repair management, pool access and provision of consignment stock in Australia. The new contract adds to the airframe heavy maintenance services that ST Engineering is currently providing to the airline at its Singapore facility
Pratt & Whitney Canada, a business unit of Pratt & Whitney, has appointed five new Designated Maintenance Facilities (DMFs) to serve customers in Singapore, Australia, Hong Kong, the Philippines and Switzerland. Providing line maintenance and mobile repair services, the new DMFs are all maintenance facilities owned and operated by Jet Aviation. They are Jet Aviation Singapore, Jet Aviation Cairns, Jet Aviation Hong Kong, Jet Aviation Manila and Jet Aviation Basel.
U.S.-based travel management platform, CWT, will invest US$100 million in the myCWT travel management platform as it implements its previously announced recapitalization plan. That plan was court approved on Friday in what the company described as an expedited legal process with the overwhelming support of CWT’s financial stakeholders. The plan provides CWT with US$350 million of new equity capital to reinvest in the business, eliminates approximately half of the Company’s debt and provides for all business partners and other providers of goods and services to be paid in full.
