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Aeroflot halts engine MRO plant project after investing RUB2.7 billion

Aeroflot has reportedly stopped construction of an aircraft engine repair plant after investing about RUB2.7 billion ($32 million) in the project. The decision highlights a setback for Russia’s effort to expand domestic engine maintenance capacity and could affect the airline’s long-term support strategy for its fleet.

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Lockheed Martin pitches Peru a $1.8 billion industrial package tied to 12 F-16 Block 70s

Lockheed Martin has presented Peru with a $1.8 billion industrial and social package linked to its proposed acquisition of 12 F-16C/D Block 70 fighters. The plan includes local aerospace participation, technology transfer, MRO expansion, maintenance training, drone assembly and workforce-development initiatives, with first deliveries expected in 2030.

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Reuters

High activity

Air New Zealand posts NZ$242 million loss as fuel costs and engine groundings weigh

Air New Zealand reported a NZ$336 million pre-tax loss and NZ$242 million after-tax loss for the year ended June, its first loss since 2022. The carrier cited higher fuel and aviation-system costs, engine-related disruption and a peak maintenance year, while saying reliability is improving as aircraft return to service.

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Melrose says GKN Aerospace will resume full Garden Grove production by Sept. 28 after chemical incident

Melrose Industries shares rose after GKN Aerospace said it is targeting Sept. 28 for full production to resume at its Garden Grove, California, facility following a May chemical-tank incident. The company expects related damage claims to reach $100 million, while strong first-half results underscore the disruption’s financial significance.

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Korean Air Builds MRO Capacity as Asiana Integration Reshapes South Korea’s Airline Market

Korean Air is expanding its maintenance, repair and overhaul capabilities and pursuing third-party work as it nears completion of its Asiana Airlines integration. Separately, Jin Air, Air Busan and Air Seoul are merging to create South Korea’s largest low-cost carrier, consolidating the country’s airline sector.

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Mammoth Freighters delivers first 777-200LRMF conversion to Jetran for DHL

Mammoth Freighters has delivered its first converted Boeing 777-200LRMF to aircraft trader Jetran, marking the program’s entry into service. The aircraft is destined for DHL’s network, giving the long-haul freighter market another source of converted 777 capacity as demand for large, efficient cargo aircraft remains strategically important.

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