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MRO Industry Update — February 10, 2026

MRO Industry Update — February 10, 2026
Strategic Partnerships and Fleet Support Agreements
AJW Group has entered into a Power-by-the-Hour (PBH) and Main Base Kit (MBK) support agreement with Sun PhuQuoc Airways, a newly established Vietnamese airline backed by Sun Group, a leading luxury hospitality conglomerate. Headquartered in Vietnam, Sun PhuQuoc Airways currently operates a fleet of six aircraft, comprising two Airbus A321ceo and four A321neo models. The airline connects PhuQuoc Island with major domestic destinations including Ho Chi Minh City, Hanoi Noi Bai International, and Da Nang, with plans to expand its route network to South Korea and Taiwan starting in 2026. Under the terms of the agreement, AJW Group will provide comprehensive PBH and MBK support for the entire fleet, enabling Sun PhuQuoc to scale operations efficiently as it pursues ambitious growth objectives. This partnership, secured through a competitive request-for-proposal process initiated in July 2025, is expected to accelerate the airline’s regional development by leveraging Sun Group’s robust financial and strategic resources.
In a separate development, Air Premia has formalized a decade-long contract with Lufthansa Technik Shenzhen to deliver maintenance, repair, and overhaul (MRO) services for airframe-related components across its fleet of nine Boeing 787-9 aircraft, all powered by Trent 1000 engines. Effective from January 1, 2026, the agreement encompasses maintenance, modification, and spare parts support, including lease and exchange solutions, facilitated through Lufthansa Technik’s extensive global network. The services will be conducted at the Shenzhen facility and cover critical components such as engine inlet cowls, fan cowls, thrust reversers, exhaust nozzles, radomes, and flight controls. Paul Kim, Vice President of Purchasing at Air Premia, highlighted the airline’s dedication to operational excellence and customer satisfaction, citing Lufthansa Technik’s technical expertise as a decisive factor in the partnership.
Expansion of MRO Capabilities and Industry Trends
GE Aerospace has expanded its footprint at Singapore’s Seletar Aerospace Park with the inauguration of a new module repair facility, developed in collaboration with JTC Corporation and the Singapore Economic Development Board. This facility forms part of GE Aerospace’s broader US$300 million investment aimed at enhancing its MRO capabilities in Singapore, particularly to meet the increasing demand for repairs of CFM LEAP-1A and LEAP-1B high-pressure modules. The expansion underscores GE’s commitment to supporting the growing regional aerospace market and advancing its service offerings.
These developments occur amid ongoing challenges confronting the MRO industry in 2026, including persistent supply chain disruptions and workforce shortages. Despite these obstacles, market sentiment remains optimistic, buoyed by strong demand for aftermarket support, especially for older aircraft models, in the context of robust global air traffic growth. Industry competitors are responding by diversifying their service portfolios. For instance, GATES SPAH has introduced third-party return and recertification services for CFM International LEAP-1A and LEAP-1B engines, while TimeTooth Technologies has secured new aircraft seating supply agreements with Hindustan Aeronautics Limited and Fly91. Industry leaders anticipate further capacity expansions and the introduction of new engine MRO capabilities, trends that are expected to intensify competition and drive innovation across the sector.

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