AeroTime
• Miquel Ros
Dubai Aerospace Enterprise CEO Firoz Tarapore discusses the company’s strategy to become a top-tier global aircraft lessor through acquisitions, while expanding its maintenance, repair and overhaul business as a complementary growth platform.
MRO
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Dubai Aerospace Enterprise CEO Firoz Tarapore discusses the company’s strategy to become a top-tier global aircraft lessor through acquisitions, while expanding its maintenance, repair and overhaul business as a complementary growth platform.
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The FAA is ordering inspections of nearly 500 Boeing 737 MAX aircraft for possible cracks in fuselage or door-related structural components, while proposing action to address a Rolls-Royce Trent 1000 issue that could lead to dual-engine uncontained failures on the 787. Spanish-language reports also cite seat-anchor inspections on 453 MAX aircraft.
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Telesat secured its largest-ever Canadian defense contract, valued at roughly $1.63 billion to $1.9 billion, requiring 69 additional Lightspeed satellites for Arctic communications. Separately, the U.S. Space Force awarded $615 million for space-based airborne-target tracking, while Bombardier evaluates a Canadian GlobalEye modification facility.
Elevate Jet is moving all of its maintenance, repair and overhaul operations from Salt Lake City to Florida and plans to establish a second base in Texas. The private aviation company cited access to a deeper workforce, favorable tax policies and a business-friendly regulatory environment for the expansion.
ORIX Aviation has agreed to acquire AerFin, a specialist in buying, selling, leasing and repairing aircraft, engines and parts. The transaction expands ORIX’s presence in the aviation aftermarket and brings AerFin’s trading, leasing and repair activities under the Japanese financial group’s aviation platform.
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A chemical incident that halted production at a GKN Aerospace plant south of Los Angeles has intensified a global shortage of cockpit and cabin windows. Boeing, airlines and maintenance providers are limiting replacements to essential cases as lead times lengthen and prices rise across multiple aircraft programs.
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ORIX Aviation has agreed to acquire UK-based AerFin from its current private equity owners in a transaction valued at approximately $640 million, expected to close by year-end. The deal adds aircraft, engine and component trading, leasing, repair and end-of-life services to ORIX’s asset-management platform.
Thai Airways International plans to sign a 50-year lease on Aug. 4, 2026, for a 210-rai, or 336,000-square-meter, site at Thailand’s Utapao airport. The lease will take effect Sept. 1, establishing the contractual basis for the airline’s planned MRO presence at the facility.
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