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6 May 2021 | 07:36am StockMarketWire.com - The Melrose Group has reported an 8% surge in sales during the first quarter of 2021, when compared with the same period a year earlier. The operating margins achieved in the first quarter of the year continued to improve faster than expected and Melrose was cash neutral in the first quarter, a period that has traditionally been a cash outflow period. Excluding Nortek Air Management, group sales grew by 4%. In the period, as expected, Aerospace continued the sales trends seen last year with defence growing and civil significantly down. Sales were do...

Panta Holdings acquires Fokker Services and Fokker Techniek Fokker Techniek Press Release | April 1, 2021 Estimated reading time 1 minute, 17 seconds. Panta Holdings, a Dutch investment company, expands its Aerospace footprint by acquiring aviation aftermarket businesses Fokker Services and Fokker Techniek from Fokker Technologies/GKN Aerospace, effective Apr. 1, 2021. Under new ownership, the companies will continue to invest in technology innovations, advanced processes and engineering excellence to play a leading role in the aerospace aftermarket. The companies will work closely toget...

By Cirium2021-03-09T01:05:00+00:00 Australia’s Alliance Airlines has entered into a five-year heavy maintenance agreement with Fokker Services for its Fokker F70 and F100 aircraft. The latest agreement is effective until 2025 and builds on a 2018 deal for heavy maintenance checks for the regional operator’s F50 fleet, Fokker Services’ parent company GKN Aerospace said in a 4 March press release. Alliance’s chief executive, Lee Schofield states: “With 43 Fokker aircraft in service and long-term plans for the continued operation of the F70/F100, flexibility in our heavy maintenance ...

Date Time Unsecured insulation blanket results in pressurisation warning and emergency descent An insulation blanket likely not correctly installed during maintenance was partially ingested by an outflow valve in a Fokker 100 airliner’s pressurisation system, resulting in the crew donning oxygen masks and conducting an emergency descent. The Fokker 100 airliner, operated by Qantas subsidiary Network Aviation Services, was in the cruise at 26,000 feet on a scheduled passenger service for QantasLink from Perth to Geraldton on 10 August 2020 when the flight crew received an excessive cabin alt...