Lufthansa Technik Shenzhen expands repair capabilities
May 20, 2021
Lufthansa Technik Shenzhen (LTS) is converting a warehouse to expand its repair capabilities amid an air traffic recovery in China. The conversion of a bonded warehouse, which is scheduled to be completed in June, will provide additional repair shop space and a climate-controlled material storage facility, the German-based MRO group says. As a result of the expansion, LTS will be able to service more than 70 Honeywell components installed on Airbus A350s, the MRO group adds, noting that the Chinese site is currently the only licensed repair provider for that equipment in Asia-Pacific. In co-operation with TAT Technologies, LTS will repair and overhaul heat transfer components used in bleed air, environmental control and fuel inerting systems. Additionally, LTS intends to improve its capabilities for Meggitt fire and safety solutions, fuel systems, valves and sensors as an OEM-approved repair centre. The MRO group says that LTS "has resumed its investment into new capabilities" as a result of a recovery in China's air transport market.
Nok Air meets May deadline to submit rehabilitation plan
May 19, 2021
Nok Air has submitted its business rehabilitation plan to Thailand's Central Bankruptcy Court, meeting the May deadline after securing two one-month extensions allowable. "As it is a public holiday, the planners submitted the business rehabilitation plan to the official receiver today (17 May)," the low-cost carrier says in a same-day disclosure to the Stock Exchange of Thailand (SET). The official receiver will set a date for a creditors' meeting where the plan will be put to a vote. In a separate, same-day filing to the SET, Nok says it will submit half-yearly financial statements instead of quarterly. It is exempt from reporting quarterly financial statements, in accordance with Thailand's Securities and Exchange Commission rules. The Central Bankruptcy Court accepted Nok's application for business rehabilitation on 30 July and approved it for the process on 4 November and appointed planners to prepare the rehabilitation plan. Nok was given three months from 15 December to file the plan by 15 March. That deadline was postponed to 15 May after two one-month extensions.
Uzbekistan Airways puts 16 aircraft up for sale
May 19, 2021
Uzbekistan Airways has put 16 older aircraft up for sale as part of a fleet-modernisation initiative. The aircraft include two 1999-vintage Boeing 757s and two 767s built in 2003-04. The Tashkent-based carrier is also offering five Ilyushin Il-76s built between 1982 and 1992, along with seven Il-114s built between 1999 and 2013. Additionally, an Il-114 flight simulator and a Mil Mi-8 helicopter are available.