PMA parts manufacturer Heico reported it is on track to meet its 2008 earnings-per-share guidance. The Hollywood, Fla. company’s net income increased 18 percent, to a record $12.827 million, or 47 cents per diluted share, for the third quarter of Fiscal Year 2008, up from $10.914 million, or 40 cents per diluted share, for the same period last year.
Parts Manufacturer Approval
The FAA is looking for comments from the industry on a revision of Order 8120.2, production approval and certification management procedures.
The FAA recently stopped short of chiding OEMs for threatening to invalidate warranties if FAA-approved PMA (parts manufacturing approval) parts are used in place of OEM parts, but the agency did underscore the legality and interchangeability of such parts.
PMA manufacturers might have a harder time exporting their civilian aircraft parts due to a new International Traffic in Arms Regulations (ITAR) rule issued by the State Department, according to the Modification and Replacement Parts Association (MARPA).
Possibly as a result of its Repair, Alteration and Fabrication Team study, the FAA issued Special Airworthiness Information Bulletin SAIB NE-08-40, which reiterates the need for companies that make parts under Parts Manufacturer Approval regulations “to support the continued operational safety (COS) of their design.” While the agency said in the SAIB that “PMA and STC parts are thoroughly evaluated for compliance with respect to any changes t
“PMA parts? Ooh, now there’s a murky area,” said a maintenance supervisor who oversees the upkeep of an offshore oil support helicopter fleet numbering well over 100. His is the kind of large-scale operation where saving 10 percent on routine maintenance results in significant additions to the year-end bottom line.
“As an OEM we look at the product as a whole and not just as a collection of individual parts. We design our engines as an entire system,” Wayne Russell, manager of parts support for Pratt & Whitney Canada, told AIN. Russell said some engine parts have a high enough turnover rate that it becomes economically attractive for some companies to produce them for aftermarket installation.
Rosen Aviation said it has received FAA approval for 25 cabin entertainment system components. Parts Manufacturer Approval (PMA) was obtained for products relating to display systems, the RosenView LX moving map, a single-disc DVD player, various connector kits, arm mounts and harnesses.
Today it is normal to have maintenance performed on our aircraft or components almost anywhere in the world. With the availability of overnight delivery of almost any aircraft component to any location, it makes sense to seek out the most capable and cost-effective certified repair facility almost without regard for its location.
Aftermarket parts manufacturer Heico has jump-started sales of FAA-approved PMA replacement parts to airlines with a new agreement it signed with British Airways in early May. Heico, with its subsidiary Seal Dynamics (Hall 2B Stand L14D), will not only sell PMA parts to British Airways but will manage the airline’s PMA parts buying activities.