avitrader.

com Edition #134

MRO360
March 2025

Expendables and Consumables

A look behind the curtain

Minimising Errors Big changes ahead VAS Aero Services

Human Factors in Future Trends in Interview with the CEO,
Aircraft Maintenance Aircraft MRO Tommy Hughes
Publisher Page 2

D ear Industry Colleagues, © Shutterstock

Talk about working under pressure and yes, it can come right down to the very smallest screw. There
is nothing more frustrating than when an aircraft cannot be returned to service because of a missing
expendable part. In this month’s issue we talk to experts about the basics of effective management of
expendables and consumables.

We have also had the good fortune to be able to talk to Tommy Hughes, CEO of VAS Aero Services. Tommy
very kindly gave us some fascinating insights into the company together with an idea of its future plans.

What are your thoughts on aircraft safety and the human factor where MRO is concerned? We’ve shared
some of our own on the matter and summarised most of the key points that every MRO
operation may well want to consider.

And finally, we have an article on how automation, artificial intelligence and robots
could well change the future of aircraft maintenance. We are looking towards the
future of MRO operations.

As always, we hope you enjoy our latest issue.

Happy reading!

Peter Jorssen
Publisher

AviTrader MRO 360° - March 2025

 4

MRO360 .

Editorial
Peter Jorssen
Publisher
[email protected]

Heike Tamm
Editor-in-Chief
[email protected] 23
Expendables and Consumables
David Dundas
Content Writer
[email protected]

Volker Dannenmann 2 Publisher Page

Graphic Designer
[email protected]

5 News in Brief
ADVERTISING &
CONTRIBUTION ENQUiRIES 5
Tamar Jorssen
Central, North & South America
20 Industry Interview

[email protected] Talking to Tommy Hughes, CEO VAS Aero Services

Phone: +1 (778) 213 8543

Malte Tamm
Europe, Middle East & Asia 23 Expendables and Consumables

20
[email protected]
Phone: +49 (0)162 8263049 A Look Behind the Curtain

See our Media Kit

avitrader.com/mediakit 28 Minimising Errors

Human Factors in Aircraft Maintenance

Become a CONTRIBUTOR

28 32
Download 2025 EDITORIAL CALENDAR
Big changes ahead

AviTrader Publications Corp. Future Trends in Aircraft Maintenance: Automation

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Phone: +1 (778) 213 8543 34 People on the Move

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AviTrader MRO 360° - March 2025
NEWS IN BRIEF 5

Fiji Airways appoints Heston MRO for line maintenance support in Cairns
Fiji Airways, the national carrier of Fiji, has appointed
Heston MRO to provide line maintenance support
in Cairns, Australia, marking another addition to the
airline’s expanding international network. Heston MRO
will deliver transit and daily checks for Fiji Airways’
fleet of B737 MAX 8 and B737-800 aircraft, along with
unscheduled inspections, maintenance and aircraft
on ground (AOG) services. As Australia’s largest
independent MRO organisation, Heston MRO services
over 40% of all international flights at Australian
airports. The Cairns operation, set to be fully operational
by mid-April, will join Heston MRO’s extensive network
of line stations across major Australian airports. The
partnership between Fiji Airways and Heston MRO
began over seven years ago with limited services at a
single station. Since then, it has evolved into exclusive
Australia-wide support for all Fiji Airways flights, © Heston MRO

covering Sydney, Melbourne, Brisbane, Adelaide,

Canberra, and now Cairns. Heston MRO maintains the highest safety and quality standards and is approved by the Civil Aviation
Authority of Fiji (CAAF) to service Fiji-registered A350, A330, and B737 MAX/NG aircraft with various engine types.

GE Aerospace and Lufthansa Technik open XEOS engine MRO facility in Poland

XEOS, the joint venture between GE Aerospace and Lufthansa Technik, has been inaugurated in Poland © GE Aerospace

GE Aerospace and Lufthansa Technik have officially inaugurated advanced test cell. The facility is designed and operated using
XEOS, a cutting-edge engine MRO facility located in Środa GE Aerospace’s lean operating system, FLIGHT DECK, ensuring
Śląska near Wrocław, Poland. The joint venture focuses on efficiency and precision. The opening of XEOS coincides with
servicing CFM International LEAP engines, which power two Lufthansa Technik’s recent agreement to maintain LOT Polish
of the world’s most popular narrow-body aircraft types — the Airlines’ fleet of LEAP-1B engines. LOT operates 18 Boeing
Airbus A320neo family and the Boeing 737 MAX. Specifically, 737 MAX 8 aircraft, with a further 13 on order, making for a
XEOS handles the LEAP-1A and LEAP-1B engines, supporting total of 62 engines plus spares. The first engine from LOT’s
growing demand for maintenance as global fleets expand. fleet has already been inducted at XEOS, marking a significant
Currently, the facility is performing LEAP-1B shop visits and milestone for Poland’s growing aerospace sector. GE Aerospace,
supporting module work and engine testing for LEAP-1A celebrating 30 years in Poland, employs over 2,000 staff across
engines. Plans are in place to introduce LEAP-1B test cell six facilities and works closely with eight local universities
capability in the coming months, alongside an increase in and more than 1,000 suppliers. Through projects like XEOS
overhaul capacity and repair services. Covering 35,000 m², XEOS and investment in training programmes, including the Next
is equipped with an engine preparation hall, a main assembly Engineers initiative, GE is committed to developing Poland’s
and disassembly area, a clean-and-inspect line, multiple skilled aerospace workforce and expanding its MRO capabilities
repair stations, a dedicated engine training centre, and an in the region.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 6

WLFC and GEM form engine testing joint venture in Florida

entry into this critical segment of the
aviation maintenance sector. Initially, the
facility will focus on testing CFM56-5B
and CFM56-7B engines, widely used
in commercial aviation. However,
there are plans to expand capabilities
to accommodate newer-generation
engines in the future. The joint venture
is expected to break ground on the
new site by late 2025. WLFC, a leader
in aircraft engine leasing and asset
management, continues to invest in
expanding its aviation services. This
latest move enhances its ability to offer
integrated solutions while strengthening
© Global Engine Maintenance (GEM)
its presence in the engine maintenance
Willis Lease Finance Corporation (WLFC) aims to address the significant shortage market. For GEM, the partnership marks
has announced a new joint venture with of engine test cell facilities across North an important step in broadening its
Global Engine Maintenance (GEM) to America, which currently limits the global engine MRO footprint, further
establish an engine test cell facility in efficient return of engines to service. solidifying its reputation in the CFM56
West Palm Beach, Florida. The venture, The new facility will improve turnaround maintenance sector. The project is set to
named Willis Global Engine Testing times for shop visits, benefitting WLFC, provide much-needed testing capacity
(WGET), will combine WLFC’s extensive GEM and third-party customers. By in North America, supporting airlines,
experience in aircraft engine leasing and pooling their respective strengths, lessors, and maintenance providers
aviation services with GEM’s expertise in both companies seek to mitigate risk, in keeping aircraft engines operating
CFM56 engine overhauls. The partnership optimise operations and accelerate their efficiently.

CURRENTLY TEARING DOWN

a319-100
MSN 2554

AFTERMARKET SERVICE PROVIDER IN AEREAS OF:

ROTABLE SALES, LOANS, EXCHANGES
REPAIR MANGEMENT
APU & LANDING GEAR SOLUTIONS

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 7

Thales signs avionics support deal for Malaysia Airlines' new A330neos
Thales and Malaysia Airlines have entered into a long-term
services agreement covering the Thales avionics systems
onboard the airline’s new A330neo fleet. This strategic
partnership ensures dedicated support for the airline’s
operations, enhancing fleet reliability and optimising
maintenance efficiency. Under the agreement, Thales
will oversee all repairs of its avionics products, while
also providing guaranteed spares availability and timely
replenishment. Stock will be held both at Malaysia Airlines’
main hub and Thales’ Asia-Pacific repair centre in Singapore.
This dual-location approach will enable Malaysia Airlines to
maintain optimal aircraft performance while streamlining
maintenance processes and minimising operational
disruptions. The MRO contract capitalises on Thales’s role Thales and Malaysia Airlines have signed a long-term avionics service agreement © Thales
as the original equipment manufacturer (OEM) of the flight
management and surveillance systems installed on the A330neo aircraft in 2024. As the OEM, Thales is uniquely positioned to
offer premium repair services tailored to the specific needs of Malaysia Airlines, ensuring high-quality support that maximises
operational efficiency and helps control maintenance costs. This agreement is supported by Thales’s Aviation Global Services
(AGS), a comprehensive one-stop shop for airline customers worldwide. AGS provides round-the-clock aircraft on ground (AOG)
support, maintenance, repairs, technical assistance, training, parts trading, and line maintenance services. Thales also offers
flexible programmes such as repair by the hour (RBTH) and asset availability initiatives, designed to deliver cost-effective, reliable
support for its airline partners. The new contract further strengthens the longstanding relationship between Thales and Malaysia
Airlines. Earlier this year, Malaysia Airlines selected Thales’s Flight Management and Surveillance systems for its A330neo fleet,
reflecting the airline’s commitment to high standards of safety, performance and passenger experience. Thales remains dedicated
to supporting Malaysia Airlines’ focus on hospitality and quality as the carrier continues to expand and modernise its fleet.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 8

FL Technics gains approval for Embraer 170/190 maintenance

play an increasingly vital role in serving

Europe’s high-frequency and regional
routes. Juozas Lapeika, Deputy CEO for
Base Maintenance, said that the company
aims to further strengthen its presence
in the global MRO market by meeting
client demands. He highlighted that the
Embraer fleet is well-suited for short-haul
European routes operated by airlines
such as TAP Air Portugal, LOT Polish
Airlines, Finnair, Air Dolomiti, Helvetic,
KLM, Austrian Airlines, British Airways
and SAS Link. FL Technics leverages its
vast experience in complex structural
repairs, supported by a highly efficient
production system and innovative
problem-solving approach, ensuring
FL Technics expands capabilities to include heavy maintenance for Embraer E170/E190 models © FL Technics
operational excellence. Its comprehensive
FL Technics, a globally recognised MRO of its Tier 1 clients already operating range of services includes base and line
solutions provider, has received EASA the Embraer 170/190 series, FL Technics maintenance, spare parts and component
Part-145 approval to perform heavy is well-prepared to meet the increasing support, engine repair, full aircraft
maintenance on Embraer 170/190 aircraft. demand for maintenance services for engineering, technical training, and
This milestone strengthens the company’s this aircraft. The approval also reflects aerospace logistics. The company serves a
position in the European MRO market and the company’s recognition of Embraer’s global client base, including major airlines
supports its growth strategy in servicing a projected growth over the next decade, such as Lufthansa Group, Wizz Air, and
wider range of aircraft types. With many especially as smaller narrow-body aircraft EasyJet.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 9

ITP Aero secures GE Aerospace licence for CT7-2F1 engine

GE Aerospace has granted ITP Aero a licence for the MRO
of the CT7-2F1 engine, enhancing global service capabilities
for operators of the Bell 525. Under this agreement, ITP Aero
will become a value-added partner within GE Aerospace’s
TrueChoice™ programme, providing comprehensive
maintenance solutions for the latest CT7 engine variant. ITP
Aero is a leader in future flight technologies, specialising
in the design, development, manufacturing and lifecycle
propulsion services for aero engines. As the newest addition
to GE Aerospace’s TrueChoice network, ITP Aero will offer Bell
525 operators expanded access to high-quality, cost-effective
engine servicing, backed by OEM expertise and cutting-edge
technology. The company currently provides MRO services
for seven different GE Aerospace CT7 engine variants. Alan
GE Aerospace has granted ITP Aero license for CT7-2F1 engine MRO © ITP Aero
Jones, executive director of MRO at ITP Aero, said: “We
are delighted to become the first service centre worldwide in every operating environment. The CT7-2 stands out for its
with MRO capability for the CT7-2F1 and expand our long- rugged design, fuel efficiency, and exceptional performance,
standing partnership as part of GE Aerospace’s in-service reliably powering helicopters across diverse roles, from
engine community. Adding CT7-2F1 engines into our support executive transport to firefighting and rescue operations.
portfolio is an important milestone that allows us to continue Designed specifically for the Bell 525, the CT7-2F1 engine
with the execution of ITP Aero’s strategic MRO growth delivers enhanced performance and reliability for a range of
roadmap, driving the expansion of our commercial aftermarket commercial and mission-critical applications. With ITP Aero
services and the operational excellence of our maintenance now licensed for maintenance, operators will benefit from
and repair capabilities.” With over 130 million flight hours, GE a strengthened global support network, ensuring optimal
Aerospace’s CT7/T700 family of engines is trusted worldwide performance and service availability.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 10

Breaking new ground: West Star Aviation sets course for growth
our focus on customer needs, service
excellence, and operational efficiency.”
Angela Padalecki, Executive Director of
Airport Operations at Grand Junction,
highlighted the significance of the
collaboration, stating that West Star
Aviation has played a crucial role in the
development of the airport and local
economy. She described the project as
a testament to the strong partnership
between the airport and the company.
Curtis Englehart, Executive Director
of the Grand Junction Economic
Official ground-breaking ceremony at Grand Junction MRO facility © West Star Aviation Partnership (GJEP), also emphasised the
importance of the expansion, noting
West Star Aviation has officially broken includes 38,000 square feet of office that it will bring continued investment
ground on a major expansion at its and back shop space, along with an and economic benefits to the region.
Grand Junction (GJT) MRO facility. additional 31,000 square feet of ramp The expansion is being designed and
The ceremony, held on March 11, space. “As we officially break ground, we constructed in partnership with Tectonic
marked the beginning of construction look forward to the opportunities this Management Group, with completion
on a state-of-the-art hangar, adding expansion will create for our customers, expected in the second quarter of 2026.
40,000 square feet to accommodate employees, and the local community,” Once operational, the new facility will
increasing demand for maintenance said Allen McReynolds, President enhance West Star Aviation’s capabilities,
services, avionics installations, and and COO of West Star Aviation. “The supporting its workforce, customers, and
interior refurbishments. The project also expansion at Grand Junction reflects long-term growth strategy.

BOOTH 2530
ATLANTA, GA
April 8-10

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 11

Magnetic Group expands EN 9110 certification to engine MRO

Magnetic Group has successfully renewed its EN 9110
certification, now extending its scope to include engine
maintenance, repair and overhaul (MRO) services.
This expansion provides Magnetic Engines' customers
with greater assurance of high-quality, consistent
maintenance that complies with the strictest aviation
industry standards. EN 9110 is an internationally
recognised aerospace quality management system
(QMS) standard, specifically designed for organisations
in the MRO sector. It builds on general QMS principles,
such as those in ISO 9001, while placing a strong
emphasis on regulatory compliance, airworthiness,
and safety management. “To gain the certification, a
rigorous assessment was undergone against EN 9110, all
to guarantee the excellence of solutions and standards
provided. Compliance with this requirement also ensures
that we can meet the expectations of our current and Magnetic Engines workshop in Tallinn © Magnetic Group
prospective customers and consistently maintain the
quality of our deliverables,” said Filip Stanisic, Head of Magnetic Engines. Magnetic Engines operates a dedicated CFM56/LEAP engine
workshop in Tallinn, focusing on high-quality engine repairs. In 2024, the workshop repaired 57 engines, reflecting a 36% increase from
2023. Looking ahead, the company aims to further expand its capabilities and increase capacity to meet growing demand.

Jet Parts Engineering acquires Percival Aviation to strengthen aircraft interiors capability

Jet Parts Engineering (JPE), a specialist in PMA parts, DER to become a leading supplier in the aircraft interiors sector.
repairs and MRO services for commercial aircraft, has acquired The acquisition supports JPE’s mission to reduce airline
Percival Aviation, a UK-based company renowned for its aftermarket costs while maintaining a strong emphasis on
design, production and maintenance of aircraft interiors and service quality and product availability. Both companies
associated equipment. This strategic acquisition strengthens share similar values, with a commitment to delivering reliable
JPE’s service offering, enabling the company to provide more solutions and maintaining ready inventory to meet customer
comprehensive solutions to meet the evolving needs of the demands efficiently. The deal was facilitated by Vance
global aviation market. By integrating Percival’s expertise, JPE Street Capital, a private equity firm focused on investing in
expands its product range, combining interior components engineered solutions businesses across aerospace, defence,
with its established aftermarket services to deliver cost- industrial, and medical markets. JPE forms part of Vance Street
effective, high-quality solutions. Percival Aviation, based in Capital’s portfolio, and this latest move marks a significant
Fareham, Hampshire, has built a strong reputation within step in its growth strategy. With combined regulatory
the industry for its specialist work in aircraft interiors. The approvals and complementary strengths, JPE and Percival
company has also been pursuing an ambitious growth plan, Aviation are well-positioned to drive innovation and deliver
with a particular focus on expanding its international presence greater value to airlines and aviation stakeholders worldwide.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 12

Airhub Aviation boosts MRO capacity in Lithuania to tackle maintenance shortages

demand stems from a global fleet that is maturing and remaining
in service for longer periods. "As the global fleet matures and
stays in service longer, maintenance needs are evolving beyond
scheduled checks. More lessors, asset owners, and operators are
turning to MRO facilities for bigger maintenance scopes, such
as second 12-year checks. At Airhub Aviation, we see a growing
demand for flexible MRO solutions that go beyond scheduled
maintenance, and we are ready to meet that need. Therefore,
we are adding MRO capacity in Lithuania," Novak stated. The
new facility enhances the company’s capacity to manage aircraft
© Airhub Aviation
checks and (re)deliveries, aligning with its broader strategy of
Airhub Aviation, part of GetJet Aviation Holding, is significantly supporting its owned fleet as well as partner airlines and lessors.
boosting its operations in response to mounting maintenance Novak further noted, “With aircraft replacement cycles extending
capacity shortages across the aviation industry. The Lithuania- and mid-life aircraft in high demand, efficient transitions and
based company, known for its expertise in aviation asset technical support are more critical than ever. Our MRO facility
management, component trading, and aircraft transitions, has allows us to better serve our clients by integrating maintenance
launched new MRO operations at Siauliai International Airport into our broader asset management expertise.” Airhub Aviation’s
(SQQ), Lithuania. This enhancement comes as the global aircraft first MRO season proved highly successful, completing over
fleet is forecast to grow by 28% over the next decade. However, 17 maintenance inductions, including seven heavy checks on
the industry continues to face challenges such as limited A320ceo aircraft. The company also supports eight Continuing
maintenance slots and persistent supply chain constraints. Airworthiness Management Organisation (CAMO) clients,
Airhub Aviation aims to alleviate this pressure by increasing MRO manages five line stations, and oversees component repair
capacity in the Northern-Eastern European region, positioning management for over 100 customers. Its client base features
itself as the sole provider of new MRO capacity in this area. notable names such as World Star Aviation, GA Telesis, and
According to Oleg Novak, CEO of Airhub Aviation, the growing TrueNoord, reflecting its growing influence in the sector.

Liebherr-Aerospace secures new landing gear overhaul contract

Liebherr-Aerospace Saline, based in Michigan, U.S.A., has signed Dew, Managing Director Commercial at Liebherr-Aerospace Saline,
a definitive agreement with SkyWest Airlines, headquartered in stated: “We initiated induction lines for the first Americas region
St. George, Utah, to provide landing gear overhaul and systems overhauls in 2012 and have continuously operated active lines
maintenance for a defined portion of SkyWest’s Embraer 175-E1 for the complete Embraer E170/175/190/195-E1 family since that
fleet. The programme is set to commence in 2025 and will include time. Over the course of the prior three years, we have undertaken
complete landing gear restoration in compliance with Embraer’s a structural transformation of our MRO activities to establish
specifications, performed at intervals of 30,000 flight hours or additional capacity, mature efficiencies, and anchor supply chain
12 calendar years. Since entering service in 2004, the Embraer resilience within the landing gear product line. In this upcoming
170/175-E1 family has been highly successful, with over 950 phase of overhauls, we welcome SkyWest Airlines as a lead
aircraft delivered and a current production backlog. Liebherr- customer that will benefit from this achievement”. The Embraer E1-
Aerospace Saline has supported landing gear maintenance for generation landing gear system was designed and is manufactured
this aircraft family since 2012, operating continuous overhaul lines by Liebherr-Aerospace Lindenberg GmbH, Germany, Liebherr’s
for the full range of Embraer E170/175/190/195-E1 models. Will centre of competence for flight control and landing gear systems.

Jordan Airmotive delivers CFM56-5B engine to BOC Aviation

Jordan Airmotive, an independent engine MRO provider, has solutions, ensuring our partners receive high-performance, cost-
successfully delivered a CFM56-5B engine to BOC Aviation, one of effective, and reliable engine services. Our growing presence in
the world’s largest aircraft leasing companies and a major player in the Asia-Pacific region reflects our commitment to serving aviation
the Asia-Pacific aviation market. This milestone reinforces Jordan leaders worldwide with tailored maintenance and support.”
Airmotive’s growing influence in the global leasing sector and Jordan Airmotive, certified by both EASA and the FAA, continues
underscores its capability to provide high-quality, reliable MRO to expand its global presence, offering comprehensive repair and
solutions to leading aviation companies. Mahmoud Bashir, CEO of overhaul services for CF6-80C2, CFM56-7B, CFM56-5B, CFM56-3,
Jordan Airmotive, expressed his pride in the partnership, stating, and the latest LEAP-1A/1B engines. With a forward-thinking
“BOC Aviation is a key player in the global aircraft leasing industry, approach, the company remains dedicated to strengthening its
and we are honoured to support their engine requirements. This partnerships and delivering innovative MRO solutions to meet the
delivery highlights our dedication to delivering world-class MRO evolving needs of the aviation industry.

AviTrader MRO 360° - March 2025

 AOG doesn’t wait –
24H
neither do we!
24/7 AOG solutions
• 100+ supply chain managers
• 7 global warehouses
• Worldwide component delivery

For AOG support, reach out at [email protected]

NEWS IN BRIEF 14

FL Technics opens new in-house sewing facility

FL Technics is expanding its service services within the organisation will
portfolio by opening an approved streamline processes between the
in-house sewing shop. This new design organisation approval (DOA)
capability will enable the company to team and the sewing shop. FL Technics
offer a wider range of aircraft cabin will now offer a complete service
products, enhancing passenger comfort package, including DOA, production
and convenience. The sewing facility will organisation approval (POA), and base
produce a variety of items, including maintenance, ensuring a seamless
aircraft seat covers, curtains, blankets, transition from initial request to
bags and straps. These products will be final product installation. Equipped
available to airlines, leasing companies with modern sewing machines and a
and other aviation clients across Europe, dedicated production facility, the new
the Middle East, South-East Asia, unit will keep essential materials in stock
North Africa and Central Asia. “The to optimise efficiency and turnaround
expansion was a natural step towards times. All fabrics and materials used
the company’s development and will meet stringent aviation safety and
business growth. FL Technics provides quality standards. “The ability to get
modifications for various commercial all aircraft-related modifications from
aircraft types under EASA Part-21J and a single provider guarantees a more
now, having sewing services in-house, convenient and faster process, ensuring FL Technics has opened its in-house sewing facility
© FL Technics
we will ensure more efficient design efficient operations and cost-effective
solutions for our customers,” said solutions for our clients. For those offer bespoke solutions and a variety of
Donaldas Barkauskas, Head of Aviation selecting raw materials from our stock, materials from our approved suppliers,”
Design and Production Department at we can deliver products even faster. For added Dainius Koveckis, Head of
FL Technics. The integration of sewing customers with specific requirements, we Production.

ametekmro.com

Let’s connect:
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Specialist component MRO. Underwriting OEM quality.
April 8-10, 2025
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Actuation | Aviation Safety | Avionics | Landing Systems | Power Generation | Thermal Management

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NEWS IN BRIEF 15

Lufthansa Technik Malta expands with new hangar for 787 Dreamliner maintenance
representatives from Malta’s political
and business sectors. Harald Gloy, Chief
Operating Officer at Lufthansa Technik,
emphasised the significance of the
development, stating that it strengthens
the company’s global network. He
noted that, in addition to the recent
construction of new facilities in Portugal
and Canada, this project marks another
milestone in Lufthansa Technik’s
corporate strategy. Gloy highlighted
that Lufthansa Technik Malta will be the
first location worldwide to carry out
787 Dreamliner cabin modifications as a
Boeing-licensed service centre, creating
new opportunities for customers and
Rendering of the new hangar in Malta © Lufthansa Technik
skilled employment in Malta. Once
Lufthansa Technik Malta, the European MRO provider worldwide authorised completed, the new hangar will be
Centre of Excellence for wide-body to both engineer and implement 787 integrated with existing facilities, giving
base maintenance within the Lufthansa cabin modifications. The modern facility Lufthansa Technik Malta a total of four
Technik network, is set to expand its will accommodate one wide-body hangars capable of servicing nearly
facilities and increase capacity. From aircraft, while three additional parking all commercial Airbus aircraft, except
autumn 2026, a new 6,400 metre² spots will be created for narrow-body the A380, as well as the Boeing 787
hangar will be dedicated to base aircraft. This expansion will generate Dreamliner. Construction is expected to
maintenance services, particularly approximately 70 new jobs. The signing take approximately 18 months, with the
cabin modifications for the Boeing 787 of the expansion agreement was officially facility becoming operational in autumn
Dreamliner. As a Boeing-licensed service recognised by Lufthansa Technik on 2026.
centre, Lufthansa Technik is the only Wednesday, March 12, alongside

WLFC reports record annual revenue and profit for 2024

Willis Lease Finance Corporation (WLFC) revenue rose by US$25.1 million, or Equipment sales totalled US$1.0 million
has announced total annual revenues 11.8%, to a record US$238.2 million in in 2024, representing the sale of one
of US$569.2 million and pre-tax income 2024, compared to US$213.1 million engine, whereas no equipment sales
of US$152.6 million for the year ended in 2023. Maintenance reserve revenue were recorded in 2023. WLFC recorded
December 31, 2024. Aggregate core lease surged to a record US$213.9 million in a US$45.1 million gain on the sale
rent and maintenance reserve revenues 2024, a 60.0% increase from US$133.7 of leased equipment in 2024, which
reached an all-time high of US$452.1 million in 2023. This growth reflects the included 35 engines, eight airframes,
million, marking a 30.4% increase from expanding lease portfolio, particularly and other parts and equipment from the
US$346.8 million in 2023. This growth leases under short-term conditions. lease portfolio. This was a significant
was primarily driven by core, recurring Engines on lease with non-reimbursable rise from the US$10.6 million gain in
lease and maintenance revenues, usage fees generated US$174.5 million 2023, which resulted from the sale of
reflecting the strength of the aviation in short-term maintenance revenues in 28 engines, one airframe, and other
marketplace. “In 2024 we leveraged our 2024, compared to US$118.3 million in leased assets. The book value of lease
strong earnings to reinvest in the most the prior year. Long-term maintenance assets, including equipment held for
in-demand engines and aircraft,” said revenue, recognised at the end of lease operating lease, maintenance rights,
Austin C. Willis, Chief Executive Officer of periods, was US$39.4 million in 2024, up notes receivable, and investments
WLFC. “Our ability to profitably deploy from US$15.4 million in 2023. Spare parts in sales-type leases, increased to
nearly US$1 billion is a direct reflection and equipment sales rose to US$27.1 US$2,872.3 million as of 31 December
of how our platform maximises the million in 2024 from US$20.4 million 2024, compared to US$2,223.4 million in
value of assets.” The company achieved in 2023, reflecting increased demand the previous year. Including lease assets
a record US$152.6 million in pre-tax for surplus materials as operators in joint ventures, the book value rose
income, an increase of 127.4% compared extended the service life of their to US$3,238.4 million from US$2,495.4
to US$67.1 million in 2023. Lease rent current-generation engine portfolios. million year-over-year.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 16

AAR to service Cebu Pacific's nacelles of A320 fleet

AAR CORP. has signed a multi-year agreement with Cebu
Pacific Air to provide nacelle maintenance, repair, and overhaul
(MRO) services for the airline’s A320 fleet powered by the
CFM56-5B engine. The work will be carried out at AAR’s
Component Services facility in Chonburi, Thailand. AAR has
a longstanding relationship with Cebu Pacific, previously
supplying USM engine material for the airline’s CFM56-5B
overhauls and offering warranty management and repair cost
oversight services through its subsidiary, Airinmar. This latest
agreement further strengthens their collaboration, ensuring
high-quality maintenance solutions and operational efficiency
for Cebu Pacific’s fleet. Shev Weerasekera, Vice President
of Engineering and Fleet Management for Cebu Pacific Air,
expressed confidence in the continued partnership, stating that Jim Berberet (l), AAR SVP Component Services and Shev Weerasekera, VP Engineering and Fleet
Management for Cebu Pacific © AAR
AAR shares the airline’s commitment to maintenance quality
and turnaround time while offering competitive rates. Jim Berberet, AAR’s Senior Vice President of Component Services, highlighted the
importance of the agreement, noting that it demonstrates the strong confidence operators have in AAR’s cost-effective services in the
Asia-Pacific region. He emphasised that the company is proud to expand its relationship with Cebu Pacific by providing innovative and
timely solutions for the airline’s nacelle maintenance needs. This agreement reinforces AAR’s presence in the APAC aviation market and its
dedication to delivering reliable, high-quality MRO solutions to commercial and government operators worldwide.

Vista secures US$600 million investment from RRJ Capital

Vista, the private aviation group, has announced a definitive Thomas Flohr, founder and Chairman of Vista, described the deal
agreement for a US$600 million equity investment from a as a significant endorsement of the company’s strategy and future
consortium of investors led by RRJ Capital, a prominent Asian plans. He welcomed RRJ Capital and the consortium, expressing his
investment firm. This investment marks a major milestone in enthusiasm for the partnership and the opportunities it will bring.
Vista’s continued growth and reflects strong confidence in the Flohr also highlighted the value of adding these new investors
group’s strategic vision and business model. The new capital to Vista’s carefully curated shareholder base. Alongside RRJ
injection is set to optimise Vista’s capital structure, improve free Capital, Andalusian Private Capital and other partners will join the
cash flow generation and reduce overall debt. This aligns with consortium, bringing a wealth of expertise and an expanded global
Vista’s commitment to accelerating its deleveraging efforts, network. They join existing shareholders such as Rhône Group LLC,
diversifying its investor base and further strengthening its who have been long-standing investors in Vista. The transaction
financial standing. The investment will also position the group is expected to close by the end of March 2025. Jefferies served as
for sustainable long-term growth in the private aviation sector. financial adviser to Vista, while UBS advised RRJ Capital on the deal.

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AviTrader MRO 360° - March 2025

NEWS IN BRIEF 17

Magellan and Aequs to establish aerospace sand casting facility

Magellan Aerospace Corporation (Magellan) and Aequs Private
Limited (Aequs) have signed a memorandum of understanding
(MoU) to explore the development of a business plan for a
50/50 jointly owned aerospace sand casting facility in the
Belagavi Aerospace Cluster (BAC), Karnataka, India. This facility
aims to address the growing demand for aerospace sand
castings in both the commercial and defence sectors. India
currently has a limited number of aerospace-qualified NADCAP
sand casting facilities. This new venture seeks to enhance the
country’s capabilities while also strengthening sand casting
capacity in Southeast Asia. Magellan is a recognised centre of
excellence for sand casting in North America, specialising in
casting complex geometries using the chemically bonded sand
process. The company also utilises advanced technologies
such as 3-D sand printing, robotics, digital radiography, and
automated differential pressure bottom pouring. India’s
aerospace industry has seen rapid growth over the past
decade, driven by government initiatives such as Make in
India and the UDAN Scheme, along with increased private
sector investment and rising air traffic. India is now one
of the fastest-growing aviation markets globally, making
it an attractive location for aerospace manufacturing and Signing of the MoU between Magellan and Aequs © Magellan
support services. Magellan and Aequs have a long-standing
partnership, having established Aerospace Processing India aircraft engine maintenance, repair, and overhaul (MRO)
(API) in 2007, which became the first third-party facility in India facility in Karnataka. This new sand-casting venture further
approved by both Airbus and Boeing for surface treatment solidifies their collaboration, supporting global aerospace
solutions. In 2024, they signed another MOU to develop an customers with advanced manufacturing solutions.

Additionally, the software will offer

Indamer an advanced analytical platform
designed to enhance decision-making
capabilities and streamline workflows. By
automating processes and data entry in
maintenance planning and work scoping,
the system is expected to significantly
improve operational efficiency. Ashwani
Acharya, Chief Operating Officer of
Indamer Technics Pvt. Ltd., commented:
“We selected Ramco Aviation Software
for its ability to deliver real-time
business insights and the automation we
need to scale our business efficiently.
By optimising costs and turnaround
Senior executives from Indamer Technics and Ramco Systems, at the Indamer facility in Nagpur, India
times through effective resource
© Ramco utilisation, the solution will empower us
Global aviation software provider Ramco software will equip Indamer with an to enhance our operations seamlessly.
Systems (Ramco) will implement its next- integrated platform covering a range We are expanding and increasing
generation aviation software at Indamer of essential functions, including our capabilities and Ramco’s proven
Technics (Indamer), a prominent Indian maintenance, engineering, supply expertise in supporting the Indian MRO
aviation services company. Indamer chain management, quality, contract providers, coupled with a strong focus
delivers technical, operational and and quote management, customer on innovation, makes them the perfect
financial solutions aimed at enhancing billing and finance. This end-to-end partner for this digital journey. We are
efficiency and competitiveness within solution will enable Indamer to manage confident that this collaboration will play
India’s commercial aviation and operations seamlessly from contract a pivotal role in driving our continued
government sectors. The implementation to cash while providing full visibility growth.”
of Ramco’s comprehensive aviation over materials, resources, and tools.

AviTrader MRO 360° - March 2025

NEWS IN BRIEF 18

Trax, a global provider of paperless

aviation maintenance and engineering
software products, has released that
Cathay Pacific, Hong Kong’s home
airline, has selected Trax to power its
engineering department’s strategic
digital transformation. The agreement
strengthens Trax’ global customer base of
leading airlines and will support Cathay
Pacific’s pursuit of next-generation
aviation technology initiatives. Central to Leaders from Trax and Cathay Pacific signed the agreement in Hong Kong in March 2025 © Trax
Cathay Pacific’s move towards real-time,
data-driven maintenance operations cloud-based solutions will provide the coordination and greater efficiency
will be Trax’s comprehensive, web- airline with instant access to critical to support our commitment to safety,
based eMRO solution, fully managed operational data, enabling informed operational reliability, customer centricity,
cloud hosting services, and a suite of decision-making, enhanced coordination, and innovation," said Keith Brown,
its innovative eMobility applications. and increased productivity — all within a Cathay’s Director of Engineering. “The
These include AeroDox, VisualCheck, paperless environment. "Trax’s advanced implementation of Trax’s solutions will
Line Control, TaskControl, and eContent maintenance solutions will modernise further enhance Cathay Pacific’s goal of
Control. Trax’ advanced mobile and our operations, providing improved being an industry digital leader.”

from digitisation of processes, transitioning

fully from paper-based documentation
to real-time, secure access to critical
operational data. The software will optimise
MRO operations by streamlining the
management of maintenance activities,
improving control and efficiency across
both line and base maintenance.
Additionally, it will support a modern,
mobile work environment, allowing
technicians to work seamlessly on mobile
devices with an intuitive, user-friendly
interface. “I am very pleased that the
strategic cooperation and implementation
LS Technics hangar © LST of ULTRAMAIN will allow us to realise our
Ultramain Systems, a provider of aircraft maintenance, repair and overhaul ambitious growth plan while optimising
advanced digital solutions for the (MRO). This collaboration represents a key productivity and maximising resource
aviation industry, has announced a milestone in LST’s digital transformation, utilisation. This is a groundbreaking step
strategic partnership with LS Technics reinforcing its commitment to operational in our technological transformation, which
(LST) to implement ULTRAMAIN® v9 efficiency, process optimisation, and will strengthen our market position and
Unity MRO software, one of the most a modernised work environment. By increase our operational efficiency,” said
comprehensive and intuitive solutions for adopting ULTRAMAIN MRO, LST will benefit Tadeusz Stachera, CEO at LS Technics.

SMFL and LCI joint venture to acquire Macquarie Rotorcraft

Sumitomo Mitsui Finance and Leasing leased aircraft, which are used in offshore SMFL further strengthened its partnership
Co., (SMFL) and LCI Investment (LCI) transportation, emergency medical services, in 2023 by acquiring a 35% stake in LCI,
have announced that their joint venture search and rescue, and utility operations. which has contributed to the steady growth
helicopter leasing company, SMFL LCI Following the acquisition, SMFLH and LCI of the joint venture. This acquisition marks
Helicopters (SMFLH), has entered into an will expand their combined fleet to around a significant step towards the expansion
agreement to acquire Macquarie Rotorcraft 310 aircraft, further broadening their of both SMFL’s and LCI’s presence in the
Limited (MRL), the helicopter leasing customer base and exploring synergies with helicopter leasing sector. With increasing
business of Macquarie Asset Management. their existing businesses. The newly merged demand anticipated in the market, the
The financial details of the transaction operation will be managed by LCI. In 2020, companies aim to build a strong position
remain commercially confidential. Founded SMFL and LCI, an aerospace subsidiary of and continue to expand their business and
in 2013, MRL is a global helicopter leasing Libra Group, established their joint venture, customer base within this dynamic industry.
firm with a fleet of approximately 120 SMFLH, for helicopter operating leasing.

AviTrader MRO 360° - March 2025

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VAS Facility in Boca Raton, Florida

© VAS Aero Services

VAS Aero Services

An interview with the Company CEO, Tommy Hughes

V
AS Aero Services is a wholly Airlines, OEMs, and MROs. VAS maintains state-of-the-art
owned subsidiary of Satair, an Tommy Hughes has been the warehouses as well as a global sourcing
Airbus company. The company company CEO since 2015 and is a and sales network. Our business and
is a leading provider of aviation parts seasoned professional with over 30 operations footprint covers North
and services, and in an industry marked years in aviation and aerospace. He America, the UK, Europe, Southeast
by constant change, VAS stands out for leads the company's strategic direction Asia, Australia and China (through
its stability and reliability as a global and operations, and in 2022, facilitated the expansion of Satair Chengdu, a
resource for innovative, tailor-made VAS' acquisition by Satair, a wholly powered-by-VAS USM end-of-life
solutions. The company provides owned subsidiary of Airbus. facility).
a portfolio of services that address We were recently fortunate to With over 45 years of experience, VAS
the industry's logistics, warehousing, catch up with Tommy and he was kind has one of the largest portfolios of
programme management, and sourcing enough to spare us some time to help any provider of quality aviation assets
needs, and as a leading provider in us get to know a little more about the in the aftermarket. The company
the aftermarket, delivers unmatched company and the state of the MRO became part of the Airbus Group of
inventory distribution services to major environment. companies in 2022 when VAS was
acquired by Airbus’s Satair subsidiary.
AviTrader MRO 3600: Can you tell us We now operate as a wholly owned,
about your company’s core business? independent subsidiary of Satair.

Tommy Hughes: VAS Aero Services How do you see the aviation parts
(VAS) is a leading provider of market evolving over the next five
aftermarket services in the aviation years?
industry and a highly experienced
provider of nose-to-tail Used I see a larger role for Used Serviceable
Serviceable Material, with more than Materials (USM) over the next several
US$4bn in engine/airframe/component years. OEMs have signed big multi-year
assets currently under management. deals to supply new aircraft. This likely
We source, warehouse, and market will limit resources for manufacturing
aftermarket components across a new replacement parts. That leaves
broad range of aircraft and engine an opening for third-party USM parts
platforms and provide related logistics suppliers such as VAS. Deliveries on
and programme management services the new aircraft in the sales pipeline
to airlines, MROs and OEMs around the are years away, so keeping current
Tommy Hughes, CEO VAS Aero Services world. aircraft flying and producing revenue
AviTrader MRO 360° - March 2025
Industry Interview 21

will be the key to profitability for meet those demands. Todays CRM the maintenance needs of A320s,
many operators near term. And that and ERP systems grant us that critical A330s and A380s that continue in
plays to VAS’ strengths in lifecycle view and allow us to exceed customer service.
management, aircraft transition and expectations. Harvesting and redistributing the used
teardown, and USM parts sourcing and serviceable material from these aircraft
distribution. As we look ahead, we like What role does technology play means that those parts will have a
what we see. in your operations, and are there continuing, useful life as replacement
any innovations you're particularly parts. By reclaiming and recycling
What are the biggest challenges excited about? those parts, we’re saving the energy
currently facing the aircraft parts needed to produce new parts and the
supply chain? VAS has invested over US$30 million subsequent carbon emissions created
in dedicated IT infrastructure and in the process.
Global supply chain disruption enhanced capability for aftermarket
continues to be a challenge. It often business solutions. Our customised Where do you see your company in
leads to shortages and delays in SAP system seamlessly integrates five to ten years, and what are the
obtaining critical parts, which plays out with customers’ systems for key priorities to get there?
as maintenance delays and increased aftermarket programmes, automated
downtime for aircraft. I expect this quotations, inventory management With forecasts for continued growth of
issue to continue to plague the and programme management. both passenger and cargo air transport,
industry for the near term. That’s why, Customers are able, at a glance, to the industry’s future looks bright,
from the airline and MRO perspective, see inventory availability and order indeed. It will impact all aspects of the
it’s critical to have a close relationship needed parts and material. All parts aviation business, including aftermarket
with your parts and materials supplier. are certified air-worthy and include the parts supply, repair and logistics. How
Parts shortages bring on another proper documentation, provenance can we as a company participate in
challenge: visibility into parts and history so clients know they are and benefit from that growth? That’s a
availability. Researching the receiving verified, flight-ready material. question we continually ask ourselves.
marketplace for needed parts can be With warehousing strategically located A few years ago, VAS undertook a
slow and painful, especially for those in the US and Europe, and through our long-term strategy development
airlines or MROs that may not have the alliance with Satair, we can deliver parts program. It required a bold look in
capabilities or resources to thoroughly rapidly, increasing TAT and reducing the mirror and asking some tough
and continually monitor and assess AOG… all thanks to our investment in questions to determine where we want
industry-wide inventories. Again, this IT infrastructure and automated order to be as a company. As a result of that
underscores why partnerships with processing. process, we realised that to succeed we
third-party suppliers are so important. needed to invest more in our business
With our overarching view of the What are the key trends shaping infrastructure and in our people. And
aftermarket, suppliers such as VAS demand for used aircraft parts? that’s just what we did. We expanded
know what is available, where, when, opportunities for our associates,
in what condition, in what quantities Supply-chain-disruption induced provided mentorships and beefed-up
and in what price range. Our market parts shortages, the growing backlog training. And we sourced state-of-
intelligence helps ensure that our of orders for new aircraft and the the-art IT systems that would allow
customers have access to the parts increasing emphasis on sustainability us to operate more efficiently, more
and materials they need, at a properly are all driving the increasing demand proactively, more productively.
valued price. for USM parts. Doing so propelled us to where we
We’re certainly seeing greater need for are today, among the leading USM
How does your company manage replacement parts as lessors and airline parts suppliers in the world. Surviving
inventory and logistics to ensure operators are keeping aircraft in service and thriving for the next five to ten
timely delivery? longer due to the large backlog of new years will require more of the same.
aircraft deliveries. That insight led us to There’s no standing still, so you’ll find
We are firm believers in investing acquire twenty-six A320 aircraft, seven VAS investing in facilities, people and
in IT infrastructure. With over one Airbus A330 ex-China Southern Airlines the latest technology – deploying
million parts in stock, automated aircraft and increase our teardown innovative logistics systems, recruiting
inventory tracking has become an business with the Dr. Peters Group to and rewarding top-quality employees,
essential element of our business. Our now include eight A380 aircraft. harnessing the power of AI, enhancing
ability to know the precise condition, These aircraft acquisitions mean, of our aircraft transition management
location and availability of parts is key course, that for some years to come capabilities and doing whatever it
to delivering parts on time and on VAS will have access to a greater takes to be the leader in aftermarket
budget. In the aftermarket, you cannot supply of quality, certified used parts trading, re-distribution of assets, and
know enough about your customers’ for distribution across our global programme management reporting.
needs or your own capabilities to aftermarket customer base to support
AviTrader MRO 360° - March 2025
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© Shutterstock

Expendables and Consumables

A look behind the curtain
By David Dundas

I
n the world of MRO, it can be easy to supply chain volatility, fleet modernization, As a result, customers are seeking
take certain elements for granted owing along with the need for more cost- dependable distributors who can offer
to their lack of ‘presence’. By that, we effective maintenance strategies and needed parts at competitive prices, and
mean those smaller items that tend to be increasing demand for efficiency. As VAS Aero Services has emerged as a key
overshadowed by the focus of attention Daniel Tautges, Executive Vice President, player in this evolution. We are proud
being more on major (and costlier) Component Control explains, “In recent to be a trusted alternative source for
components. However, expendables and years, we’ve seen supply chain disruptions, expendables and consumables. With
consumables are as vital an element of material shortages, and inflationary over 400,000 square feet of warehouse
MRO operations as without them, aircraft pressures impacting the availability and space and a large expendables inventory,
would simply be unable to fly safely. While cost of these items. At the same time, we are equipped to fulfil both routine
the terms expendables and consumables airlines and MROs are prioritising just- and urgent material needs worldwide.
tend to be interchangeable, for the in-time inventory strategies and digital We stock and redistribute parts from
purposes of this article, we consider the procurement solutions to streamline our U.S. locations in Boca Raton, FL, and
likes of nuts and bolts, fasteners, gaskets, operations. The demand for predictive Kent, WA. Our strong relationships with
seals, filters, etc., to be expendables, and maintenance solutions has also increased, OEMs and airlines allow us to offer a wide
hydraulic fluids, greases, oils and cleaning requiring better data integration between range of parts sourced through long-
chemicals, etc., to be consumables. suppliers, operators, and MROs to ensure term consignment and resale agreements,
stock levels are optimised without ensuring consistent availability and quality
We wanted to know more about just how overcapitalisation.” at more competitive prices. This approach
critical a role expendables and consumables Marina Vivas-Birkeland, Director Asset aligns with the industry's growing demand
played in MRO operations, and so we asked & Price Management BVAS, VAS Aero for efficiency, affordability, and reliability,”
three leading operators for their opinions on Services has seen a major change in a she comments.
a series of related topics. sector traditionally dominated by OEMs Meanwhile, Scott Butler, Chief
but which is now witnessing a shift as Commercial Officer, Ascent Aviation
airlines and MROs increasingly turn to Services identifies unpredictability as a
How has the market for
third-party suppliers for both efficiency key factor since the COVID-19 pandemic,
aircraft maintenance
and flexibility. “The adoption of digital stating that “Ascent had to pivot very
expendables and consumables
inventory planning and management quickly from a Heavy Maintenance
evolved in recent years?
tools is also driving this change, as these environment to Preservation & Storage.
The market for expendables and help streamline procurement and move This put a huge strain on the supply
consumables in aircraft maintenance has from a reactive purchasing model to chain.”
experienced significant shifts driven by a more proactive, planned approach.
AviTrader MRO 360° - March 2025
Supply Chain 24

“
With improved access to sensor data and advanced
analytics, airlines can now predict maintenance needs,

”
plan ahead, and avoid unexpected downtime.
Marina Vivas-Birkeland, Director Asset & Price Management
BVAS, VAS Aero Services

reduce waste and lower costs. Third- ongoing disruption in global supply
party suppliers are instrumental in this chains and unfortunately, this issue is
sustainability shift, helping to minimize likely to persist in the foreseeable future.
waste, energy consumption, and carbon These disruptions result in shortages
emissions while maintaining a reliable and delays in obtaining critical parts,
supply of quality parts.” causing increased aircraft downtime and
While Daniel Tautges also identifies higher costs, where the lack of a few
sustainability as an influencing factor, he bolts can disrupt and delay operations.
Marina Vivas-Birkeland, Director Asset & Price
Management BVAS, VAS Aero Services comes up with several additional trends As Marina Vivas-Birkeland advises:
that are shaping demand. To begin with, he “Another challenge is getting accurate
What are the key trends discusses fleet transition and sustainability: information on the availability of these
shaping the demand for “As airlines retire older aircraft and types of materials,” adding that “Searching
expendables and consumables introduce next-generation fleets, the the market for expendables can be
in the aviation industry? expendable and consumable mix is shifting. time consuming, and many airlines and
Newer aircraft often require different MROs lack the resources to thoroughly
The demand for expendables and
maintenance approaches, affecting demand check all available sources. This is where
consumables is being shaped by several
patterns. Additionally, sustainability aftermarket suppliers like VAS Aero
key trends, all focused on improving
initiatives are prompting interest in eco- Services offer a key advantage, providing
availability and lowering operating
friendly alternatives.” He then discusses real-time information on availability,
costs across the industry. Two main
global supply chain diversification: condition, traceability and price to ensure
trends that are driving this change
“Airlines and MROs are diversifying their customers get the right materials at the
are the use of predictive maintenance
supplier base to mitigate risks. There’s right price.”
technologies, and a growing focus on
a growing push for localized stockpiling Daniel Tautges has identified four of
sustainability. Marina Vivas-Birkeland
and partnerships to reduce reliance on the greatest challenges, also including
makes the consequences clear as she
single-source vendors.” Finally, he talks supply chain disruptions and lead times,
tells us that: “With improved access to
about digital procurement and predictive while ongoing geopolitical tensions,
sensor data and advanced analytics,
maintenance: “The adoption of AI-driven manufacturing slowdowns, and logistics
airlines can now predict maintenance
procurement tools is improving forecasting constraints have also extended lead
needs, plan ahead, and avoid unexpected
accuracy, reducing excess inventory while times for critical consumables. He adds
downtime. This enables customers to
ensuring critical parts availability. Predictive that price volatility - the cost of raw
manage expendables and consumables
maintenance is also driving demand for materials, particularly specialty metals and
more efficiently by replacing parts only
condition-based replenishment rather than composites, has fluctuated significantly,
when necessary. As a result, inventory
traditional time-based stocking.” impacting procurement budgets, while
management is streamlined, leading to
Interestingly, Scott Butler identifies regulatory and compliance Constraints,
cost savings and improved operations.
three further areas of influence – big such as compliance with evolving
Consequently, there is an increasing
data, usage forecasting and AI, as he tells regulatory standards (PMA approvals and
demand for affordable expendables and
us that: “Big data and usage forecasting traceability requirements etc.,) can create
consumables. Aftermarket suppliers like
are allowing the industry to strategically bottlenecks in sourcing and stocking. He
VAS Aero Services are meeting this demand
purchase long-term and stock according also points out that where data Integration
by offering competitive pricing and quick
to the MRO demand. AI is adding and visibility are concerned, many MROs
delivery. This provides airlines and MROs
another tool to the bag and allowing very and operators still struggle with real-time
with more options without compromising
sophisticated models to be generated and visibility into inventory levels, leading to
quality. Sustainability has become another
utilized accordingly.” inefficiencies in procurement planning.
focal point in the aviation industry, leading
A further challenge identified by Scott
to a stronger emphasis on re-distributing
Butler is the changes in aircraft mix. He
expendables and consumables rather What are the biggest
states: “As the OEMs have had issues
than scrapping them, especially when challenges in sourcing
ramping up to demand, we have had to
these parts still have a viable market expendables and consumables
keep older aircraft flying which has not
demand. This approach not only makes for aircraft maintenance?
been part of the larger forecast, leading to
environmental sense but also helps airlines One of the biggest challenges is the supply chain disruptions.”

AviTrader MRO 360° - March 2025

Supply Chain 25

© Shutterstock

How do airlines and MROs parts are always available when needed. As vendors who can help manage the supply
manage supply chain previously mentioned, airlines and MROs chain forecast is a solution we at Ascent
disruptions for these are increasingly utilizing forecasting tools find valuable, allowing the disruption to be
materials? and inventory management software to managed further upstream where it won’t
optimize stock levels. These predictive impact our projects,” he comments.
Supply chain problems have plagued the
analytics enable them to accurately forecast
MRO sector since late 2020, coinciding with
demand, preventing both overstocking
the outbreak of the COVID-19 pandemic. What strategies can suppliers
and shortage of critical parts, even during
The question is, how do you mitigate for adopt to ensure a steady
supply chain disruptions.”
such an ongoing challenge? supply of critical consumables?
Daniel Tautges at Component Control
At VAS Aero Services, Marina Vivas- Inventory management is a significant
adopts a slightly different approach,
Birkeland has identified three areas that challenge for many airlines and MROs.
though based on similar principles.
can help the situation: “Airlines and MROs Maintaining an adequate supply of
Put succinctly, he has focuses on four
are increasingly focusing on working with consumables without overstocking
principal areas: “Strategic Stockpiling:
a group of trusted suppliers, including requires precise forecasting, which can
Maintaining higher safety stock levels for
third-party options like VAS Aero Services. be difficult due to variable demand
critical consumables, particularly at major
By diversifying their supplier base and and long lead times for some parts. To
maintenance hubs. Supplier Diversification:
establishing strong partnerships, they address this challenge, suppliers can
Establishing multiple supplier relationships
reduce the risks associated with relying implement strategies to ensure a steady
to avoid dependency on a single source,
on a single source. This approach helps supply of critical consumables. Marina
especially for high-turnover items. Digital
create a more flexible and dependable Vivas-Birkeland’s advice? “Investment
Inventory Management: Leveraging
supply chain, one that can better withstand in advanced forecasting and inventory
cloud-based ERP systems like Quantum
unforeseen disruptions. Building strong, management systems is essential. By
Control to enable real-time visibility into
long-term relationships with suppliers is leveraging predictive models, maintenance
stock levels, supplier performance, and
essential for success in this strategy. By organizations can anticipate demand
automated reordering. Predictive Analytics:
securing long-term contracts, engaging in fluctuations, plan production schedules,
Using AI-driven forecasting to anticipate
collaborative planning, and maintaining and maintain appropriate stock levels.
demand fluctuations and proactively adjust
open and transparent communication about This helps avoid shortages during peak
procurement strategies.
challenges, better coordination during demand periods and ensures timely
At Ascent Aviation Services, Scott
disruptions can be achieved. Safety stock delivery of critical consumables. For
Butler identifies long-term planning and
agreements for high demand or hard to example, VAS Aero Services customers
forecasting to secure material is the best
find parts are also essential, ensuring that can integrate their information
solution for disruptions. “Bringing on
AviTrader MRO 360° - March 2025
Supply Chain 26

“
We employ several different solutions at various stages,
VMI / kanbans as well as AI predictive forecasting to

”
help give us the best visibility to our needs.
Scott Butler, Chief Commercial Officer,
Ascent Aviation Services

management systems with our online mile delivery capabilities, and alternative
parts platform for constant visibility into shipping routes to counter logistical
availability, trace documentation and delays,” adding, “Enhancing Transparency
pricing. This transparency enables real- & Communication: Providing real-time
time tracking, reducing lead times and order tracking and proactive notifications
enhances responsiveness. Additionally, to customers to ensure expectations are
collaborating with airlines and MROs to aligned.
share demand forecasts and maintenance Meanwhile, Scott Butler takes a slightly
Scott Butler, Chief Commercial Officer,
schedules allows suppliers to adjust different approach, advising that: “We Ascent Aviation Services

stock levels in advance to meet specific employ several different solutions at

needs. Real-time data and historical various stages, VMI / kanbans as well as AI
trends improve forecasting accuracy and predictive forecasting to help give us the access parts catalogues, request quotes,
inventory planning. To further strengthen best visibility to our needs.” track delivery status, and receive updates
supply chains, suppliers should consider on product availability and lead times. This
long-term partnerships and supplier transparency and efficiency simplify the
How is digitalization impacting sourcing process, improve collaboration,
agreements. This approach ensures priority
the procurement and and ensure that airlines and MROs get the
access to critical parts and mitigates risks
management of expendables parts they need on time,” she advises.
of relying on a single supplier.
and consumables? According to Daniel Tautges:
Daniel Tautges feels strongly that
to maintain a consistent supply of Digitalization is capable of significantly “Digitalization is playing a transformative
expendables and consumables, suppliers improving parts procurement and role in the aviation supply chain. Advanced
should focus on: “Strengthening Supplier management, enhancing operational ERP platforms like Quantum Control are
Networks: Developing robust relationships efficiency and consequently reducing costs. enabling real-time inventory tracking,
with multiple manufacturers and Marina Vivas-Birkeland provides a key automated procurement, and seamless
distributors to minimize disruption risks. example of this with automated inventory supplier integration. AI and machine
Leveraging Data-Driven Demand Planning: management systems, “… which allow learning are enhancing predictive
Using predictive analytics to anticipate airlines and MROs to track consumables maintenance and demand forecasting,
customer needs and proactively manage in real time. These systems help maintain allowing MROs and operators to optimise
inventory. Investing in Logistics Resilience: optimal stock levels, prevent shortages stock levels while reducing waste.”
Enhancing warehouse management, last- or overstocking, and improve long-term And to round off, at Ascent Aviation
planning by predicting demand fluctuations. Services, Scott Butler sees digitisation as a
Automation also streamlines the ordering “game changer”. He explains: “Our human
process, increasing accuracy and reducing capital can best be deployed in the strategic
manual errors. With better forecasting, purchasing and problem solving while
airlines and MROs can respond faster to the digitization can help streamline the
changing needs, ensuring parts are always purchase and forecasting of consumables
available when required. For instance, our and expendables. It’s very nearly
eVAS digital platform facilitates seamless automated now, allowing us to serve our
communication between procurement customers better to solve the problems that
teams and suppliers. Customers can easily come up during the maintenance visit.”

“
AI and machine learning are enhancing predictive
maintenance and demand forecasting, allowing
MROs and operators to optimise stock levels while

”
reducing waste.
Daniel Tautges, Executive Vice President, Component Control
Daniel Tautges, Executive Vice President,
Component Control

AviTrader MRO 360° - March 2025

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 28

© Shutterstock

Minimising Errors
Human Factors in Aircraft Maintenance
By David Dundas

R
egular, effective and error-free (used in place of an optional emergency day-to-day operations. By this we
maintenance is essential for the safe door that was not required), and nor was refer to cognitive, physical and also
operation of all aircraft, whether it be there anything structurally wrong with the social influences that can affect overall
small training aircraft like the Cessna 172 four bolts what should have held the door performance in the workplace. We want
or a commercial passenger jet capable of plug in place, but owing to human error, to see how effectively technicians and
carrying over 150 people, like the Airbus the bolts were never used to secure the the likes carry out their tasks, how they
A320. There is one element of aircraft plug and maintenance and safety checks utilise tools and understand and follow
maintenance however that is perhaps more thereafter failed to notice the mistake. procedures, and how they respond to
critical when it comes to safety than any Despite technological advancements, pressures and time constraints, especially
other element, and that is human input maintenance errors still contribute when fatigued. Even small human errors
– mechanics, engineers, etc. While every significantly to aviation incidents and, as can have significant consequences,
effort can be made to ensure that all the a consequence, understanding human affecting aircraft reliability, passenger
parts and materials, consumables and factors and implementing strategies to safety, and operational efficiency. However,
expendables used in aircraft maintenance minimise human error is vital for ensuring we also need to examine the types of
meet all the necessary safety standards, the very highest safety standards, which mistakes made.
such exacting standards become somewhat this industry demands. The intention with
irrelevant in the face of human error where the following is to explore the human
What Are the Common Types
aircraft maintenance is concerned. element in aircraft maintenance safety
of Human Error in Aircraft
and to examine methods to help mitigate
Maintenance?
As a perfect example of human error, human error.
we have the incident on January 5, 2024, Omission errors are often the result of
involving a door plug on an Alaska Airlines complex and long-winded maintenance
The Importance of Human
737 MAX jet which blew out at an altitude procedures. It is not so much a case of
Factors in Maintenance
of approximately 16,000 feet on a flight technicians omitting a step to lighten the
between Portland in Oregon and Ontario First, we have to look at how engineers, workload but simply getting distracted,
in California. In reality, there was nothing technicians and other members of an perhaps by tight time constraints or simply
structurally wrong with the door plug MRO team physically function in their misunderstanding the instructions given.

AviTrader MRO 360° - March 2025

Safety 29

© Shutterstock

We also have the improper installation work-induced though long shifts, working Management (CRM) training tailored
of aircraft components such as missing nights, and tight deadlines, but can also for maintenance personnel to improve
bolts as we have mentioned above, or result from off-site activities, making it teamwork and decision-making.
incorrectly connected systems, which can harder for supervisors to look out for. The next two points are closely related,
lead to mechanical failures. These errors Finally, we have organisational and and those are fatigue management and
often result from miscommunication, cultural influences. For example, a improving the work environment. For
lack of training, or once again, fatigue. workplace culture that prioritises speed some MRO operators, the workload can
Miscommunication is one of the over safety may encourage shortcuts and vary dependent on orders. However,
hardest challenges to eradicate from non-compliance with standard procedures, when shiftwork is required to either clear
maintenance teams as sometimes the while poor and ineffective leadership and a backlog or there is simply a number
ensuing misunderstanding will not become lack of safety reporting mechanisms will of urgent tasks, it is difficult for staff to
immediately obvious. Beyond this, you likely discourage technicians from speaking adapt to working night shifts some weeks,
also have highly technical manuals that up about potential risks or seeking to then only day shifts the majority of the
require considerable knowledge in order to implement better working practices. time. Where possible, it is always best
follow specific instructions. Add inaccurate to have regulated shift patterns. Beyond
maintenance records and a failure to log this, encouraging breaks and providing
Strategies to Minimise Human
all completed work and the problems with fatigue-awareness training to help workers
Errors in Aircraft Maintenance
human error can mount. recognise when they are too tired to
Another challenge is keeping up to date Reducing human error in aircraft operate both efficiently and safely is also a
with all the latest technology, new tools maintenance requires a multi-pronged sound proposition.
and new materials. For many mechanics approach, one which involves integrating When it comes to communication
and technicians, it is very much a constant training, work environment improvements, and documentation, to begin with,
learning curve as using the wrong tools and safety culture improvements. While it implementing standardised reporting
or incorrect handling of equipment can may seem a little like stating the obvious, procedures will help to improve
damage aircraft components, but that but simply educating engineers and documentation accuracy, while using
damage may not always be immediately technicians about the causes of human digital maintenance logs and automated
obvious. And then we have fatigue, which error and introducing better prevention checklists can lead to a reduction
can destroy concentration levels and strategies can make a huge difference. in paperwork errors. As for better
impair cognitive functions, such as making Beyond that, you also have the opportunity communication, this is often a ‘work
the right decisions. Fatigue isn’t always to implement implementing Crew Resource culture’ aspect and the easiest way to

AviTrader MRO 360° - March 2025

Safety 30

© Shutterstock

improve communication is to simply and audits to identify procedural weaknesses maintenance, allowing maintenance to be
openly encourage it, especially as it is a and enhance compliance, and finally scheduled before a failure occurs, reducing
great means for knowledge sharing. there is a need to promote leadership reliance on reactive repairs. Then there
commitment to safety, ensuring that is wearable technology, such as smart
efficiency pressures do not compromise glasses, to provide technicians with hands-
Advances in Today’s
maintenance standards. free digital checklists and real-time expert
Technology and Automation
assistance. Third we have blockchain-based
In today’s other article on aircraft record-keeping, ensuring maintenance
The Role of Regulatory Bodies
maintenance, we have specifically drilled documentation is tamper-proof and easily
down on automation and the human Aviation authorities such as the FAA accessible, and finally we have Virtual
factor. It is clear that with advances in (Federal Aviation Administration) and EASA Reality (VR) training, offering immersive
robotics and automation, when combined (European Union Aviation Safety Agency) simulations to enhance technician learning
with new materials, there is a sea change set guidelines to ensure high safety and decision-making skills.
in place intent on reducing the human standards in maintenance operations. As
input into aircraft maintenance and a result, these regulations require airlines
Conclusion
therefore reducing the chances of human and maintenance providers to conduct
error. We have reached the stage where human-factor training, implement fatigue Human factors play a pivotal role
using augmented reality (AR) systems can management programmes, maintain in aircraft maintenance, influencing
provide real-time maintenance guidance thorough documentation and audit safety, efficiency, and overall operational
and reduce errors, while implementing systems, and finally, continuously improve reliability. While human error is virtually
error-proofing tools such as torque sensors safety protocols based on industry best unavoidable, proactive measures such
and barcode scanning for component practices. as human-factor training, fatigue
verification can also help reduce the management, improved communication,
opportunity for human error. and technological advancements have the
Looking Further Into the
potential to significantly reduce instances.
Future
Airlines, maintenance providers, and
Fostering a Safety Culture
As technology advances, new strategies regulatory authorities should continue
There are three main ways to improve are emerging to further reduce human working together to bolster a culture of
a safety culture in a business, and in the error in aircraft maintenance. We have safety and precision in aircraft maintenance
MRO environment, the first step would be earmarked four specific areas where we operations and through understanding and
to encourage technicians to report errors feel future developments will have a major addressing human limitations, the aviation
without fear of punishment, fostering a influence in reducing the opportunity for industry can achieve even greater safety
learning-based approach to safety. We human error in aircraft maintenance. standards in the years to come.
then have the need for regular safety First, we have AI-powered predictive
AviTrader MRO 360° - March 2025
•
•
•
•
 32

© Shutterstock

Future Trends in Aircraft Maintenance:

Automation and Robotics
Big changes ahead
By David Dundas

I
t goes without saying that aircraft The Need for Advanced to detect structural issues. What is also
maintenance is essential for not just Maintenance Solutions important to mention here is that these
safety, but also efficiency, as well as technologies are all capable of identifying
Traditionally, aircraft maintenance has
being part of a set of aircraft records that structural issues that may not be easily
always been a labour-intensive exercise,
detail its history. Complete records of spotted by the naked eye. However, the
and over time new maintenance techniques
aircraft maintenance enhance the value cost-effective benefit is hard to ignore as,
and equipment have been geared towards
of an aircraft, and reduce the risk of any for example, drones fitted with specialist
reducing the labour element. In addition
end-of-lease penalties when returning an cameras scan an aircraft’s exterior for
to the cost element, the longer a plane is
aircraft to its lessor. surface damage, corrosion, and other
on the ground, the greater the true cost
defects in a matter of minutes, reducing
of maintenance and repairs to the carrier.
While aircraft technology has the time required for manual inspections.
With the need to develop more efficient,
continually changed, maintenance Next, we have automated painting and
accurate, and cost-effective maintenance
technology has tended to be reactive as coating systems. While saving considerable
solutions, so the arrival of robotics and
opposed to proactive. That now seems time on the labour front, there are multiple
automation has been widely embraced.
set to change with the introduction of other benefits that make this new spraying
automation and robotics in the MRO technology such a boon to aircraft
environment. The advantages? More maintenance. With automation comes
Robotics in Aircraft
precise maintenance, reduced risk of smoother applications of paint, fewer
Maintenance
human error, and for the MRO itself, inconsistencies, reduced material waste
reduced operational costs after investing in While robotics has been around and the opportunity to eliminate exposure
the new technology. for decades, it is the advancements in of maintenance staff to hazardous
In the following, it is our intention technologies that robotics incorporates chemicals.
to take a closer look not just at today’s that has been the game changer where Automated composite repair systems
enhancements to the maintenance sector, aircraft maintenance is concerned. So, what is next on our list. With the extensive use
but to see what the future may hold, with are we referring to? of composite materials in today’s jetliners,
specific attention being paid to the role of To begin with, we have automated new repair methods are also required,
automation, robotics, artificial intelligence inspection systems which use advanced and these new materials lend themselves
(AI), as well as other cutting-edge imaging technologies such as infrared well to robotic systems. As an example,
technologies. cameras, ultrasonic sensors, and LIDAR a robotic system can cover all aspects
AviTrader MRO 360° - March 2025
Trends 33

to maintenance teams, allowing for

immediate action when abnormalities are
detected.

Challenges and Considerations

Of course, all changes in aircraft
maintenance require investment from MRO
operators, and careful calculations have to
be made as to how any such investment
can be recouped without jeopardising
any existing MRO contracts. Better still,
being a market leader in new maintenance
techniques that are more efficient can
see an MRO operator become even more
competitive when it comes to securing
major maintenance contracts. There is no
question that changing over to robotic
and AI-driven maintenance and repair
systems will require considerable financial
investment, which can be prohibitive to
small airlines and maintenance providers.
As with most new machinery, so new
skills are usually required. However, here
we are talking about mew machinery
© Shutterstock that will help to reduce the need for
manual labour. Many companies will be
from detecting a fault, assessing the work having an aircraft on the ground while a reluctant to lose highly skilled and valuable
required to repair it, and then carrying new part is acquired. Reduced downtime members of staff, so the solution would be
out the repair itself. Better still, with the equals improved revenue for any to provide the capability for retraining and
introduction of Artificial Intelligence (AI) commercial carrier. upskilling maintenance personnel to work
these new robotic systems are now capable Beyond scrutinising data, AI is of huge alongside advanced technologies.
determining the best repair system to carry benefit when it comes to working with Beyond the practical side, there is then
out the repair, thus improving both safety ‘digital twins’. A digital twin. A digital twin regulatory compliance and with all things
and durability. is a virtual representation of an aircraft ‘internet connected’, cybersecurity risks.
We also have robotic drilling and that mirrors its real-time performance. By While robotics can help MRO operators
fastening, always a challenging task where integrating data from sensors strategically reduce the physical workload, this cannot
a high degree of accuracy is demanded and located throughout, AI can simulate be done without the approval of aviation
the work physically challenging. With the different operating conditions and predict authorities which must develop and update
introduction of robotics, this has enhanced maintenance needs with remarkable regulations to accommodate the use of
aircraft assembly and maintenance by accuracy, once again benefitting both robotics and AI in maintenance operations.
ensuring accuracy and reducing the the MRO operator and the commercial
physical strain on human workers. These carrier. Beyond this, we also have smart
robots can perform repetitive tasks with maintenance scheduling which is also The Future of Aircraft
high precision, leading to improved aircraft AI-driven. AI-powered maintenance Maintenance
integrity and performance. scheduling systems optimise workflow There really are no limitations when
by prioritising tasks based on urgency, it comes to changes and improvements
availability of resources, and operational in aircraft maintenance. The future
The roles of Artificial
requirements, the outcome being that is undoubtedly being moulded by
Intelligence (AI) and Predictive
delays are minimised and efficiency in automation, AI, and robotics, and as these
Maintenance
maintenance operations is enhanced. technologies continue to evolve apace,
The greatest advantage of AI is its At this stage it would be remiss not to we can expect even more sophisticated
ability to process massive amounts of mention the internet of things (IoT) and solutions, perhaps even to the point of
data in milliseconds. Where aircraft the role of IoT technology in enhancing fully autonomous maintenance hangars,
maintenance is concerned, AI has aircraft maintenance. The optimum set AI-driven troubleshooting assistants, and
the capability of more accurately up is where real-time data is collected advanced self-repairing materials. These
predicting when a component is likely through smart sensors which have bee innovations not only have the potential
to fail, enabling MRO operators to work embedded in critical aircraft components to enhance safety and efficiency but to
proactively as opposed to reactively, and and which continuously monitor also redefine the role of maintenance
schedule parts replacement during routine, parameters such as temperature, pressure, professionals in the aviation industry.
scheduled maintenance as opposed to and vibration. The data is then transmitted
AviTrader MRO 360° - March 2025
PEOPLE
34

»»»-------► on the move

Jackson Square Aviation (JSA), a full-service AJW Group has appointed Donal Boylan
commercial aircraft finance company, has as President – Asia Pacific. This move
announced the appointment of David reflects the company’s strategic focus on
Crull as its next Chief Financial Officer, strengthening its presence and accelerating
effective March 17, 2025. He will succeed growth across the region. With an
Wilson Chen, who is set to retire on June impressive career spanning over 35 years
30, 2025. David Crull brings over 20 years in aerospace and defence, Boylan brings a
of senior finance leadership experience wealth of industry knowledge and leadership
David Crull within the aviation sector. His career Donal Boylan experience to the role. His career includes
includes guiding high-growth companies and managing complex senior engineering and commercial positions, such as founding
financial operations. JSA believes his expertise will be crucial as partner at BCAP, board Vice Chairman at Vietjet Air JSC and CEO
the company continues to strengthen its market position and at Bohai Leasing (Hong Kong), which owns Avolon. Boylan also
pursue new business opportunities. With plans to expand its played a key role as co-founder of RBS Aviation Capital, now
market presence, JSA views Crull’s appointment as a key step operating as SMBC Aviation Capital. His track record includes
in supporting its strategic initiatives aimed at driving continued leading aircraft leasing firms through significant expansions and
growth. His leadership is expected to play an important role public listings, further demonstrating his expertise in the sector.
in delivering value to clients and supporting the company’s In his new position, Boylan will spearhead strategic initiatives
ambitious future plans. aimed at strengthening the AJW Group brand, enhancing customer
relationships, and driving business development throughout
the Asia Pacific market. Operating from AJW’s Singapore office,
TrueNoord, the specialist regional
he is tasked with advancing the company’s objectives in one of
aircraft leasing company, has appointed
the world’s most dynamic aviation regions. AJW Group remains
experienced aviation finance professional,
focused on innovation, service excellence and leadership within
Sean O’Riordan, to the newly created role
the global aviation industry. Boylan’s appointment represents a
of Strategic Planning & Analysis (SP&A)
significant step forward in reinforcing these values while expanding
Manager. O’Riordan, who will be based
the Group’s influence across Asia Pacific.
in TrueNoord’s Dublin office, joins the
company with over a decade of experience
Sean O’Riordan in aircraft leasing and finance, underpinned Stifel Financial Corp. has appointed Jonathan Siegmann as
by a strong background in commercial planning and analysis. Managing Director of Equity Research, focusing on the aerospace
He commented, “My previous roles at SMBC Aviation Capital and defence industry. He will be based in the firm’s Boston office.
and Goshawk allowed me to develop deep expertise in financial Siegmann brings extensive experience in the sector, having most
modelling, deal structuring, and transaction analysis, through recently worked in the new space industry as Senior Vice President
working on key restructurings, lease transitions, and portfolio of Corporate Development at Terran Orbital Corporation. During
acquisitions. I bring a highly analytical approach to commercial his tenure, he led investor relations and corporate development,
forecasting and strategic planning and am excited to apply culminating in the company’s sale to Lockheed Martin in
these skills in support of TrueNoord’s operations and growth 2024. Prior to this, Siegmann spent nearly 15 years at Fidelity
objectives.” In his new role, O’Riordan will be responsible for Investments, where he served as a Portfolio Manager and Equity
providing financial forecasting models and delivering critical Research Analyst. He specialised in covering public and private
business insights to support commercial policies and strategic aerospace, defence, and new space companies across North
decision-making. He will also collaborate closely with TrueNoord’s America. From 2015 to 2021, he managed the Select Defence &
shareholder, Freshstream, on financial strategy and equity Aerospace Fund (FSDAX), further solidifying his expertise in the
initiatives, ensuring the lessor remains well-positioned for future sector. His appointment strengthens Stifel’s research capabilities
growth. in aerospace and defence, reflecting the firm’s commitment to
providing in-depth market insights and analysis.

AviTrader MRO 360° - March 2025

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