Air Berlin increases operating income by 57%

Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-fu... Read More »

IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the CO... Read More »

The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines of the airline’s A320ceo fleet, effective in 2024. In addition to the existing... Read More »

Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. Stoddart joins Satair with a wealth of experience from the Airbus Defence and Space and Commer... Read More »

flyvbird, Europe’s new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development ... Read More »

Eve Air Mobility (Eve) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and s... Read More »

AMROS Group, specialising in Fleet Technical Management and IT solutions within the aviation and aerospace industry, has opened up a new branch in Kuala Lumpur, Malaysia, operating under the name “AMROS Asia”. The premises are strategically located in Mala... Read More »

AJW Group has made significant additions to its executive leadership team with the appointment of Barry Swift as Chief Operating Officer (COO) and Clare Brown as Senior Vice President (SVP) Finance, further enhancing the company’s strategic capabilities ... Read More »

MTU Maintenance Hannover, a global leader in customised MRO solutions for aero engines, has achieved a historic mark of 10,000 completed shop visits at its Langenhagen location in Germany, nearly half of the over 22,000 shop visits completed by the MTU Mainten... Read More »

In a noteworthy operational milestone, Global Airlines and Hi Fly, the largest Airbus wide-body aircraft wet-lease specialist, have formalised a partnership agreement to jointly undertake the development and maintenance of the four A380 aircraft that Global Ai... Read More »

Amman-based MRO provider Joramco, has signed a new maintenance agreement with Philippine Airlines. This agreement, which came into effect in September 2023, was signed at the MRO Asia Pacific 2023 conference and exhibition, where the company had its own booth.... Read More »

Pan Am Flight Academy, one of Miami’s leading centres for aviation training, has announced the successful qualification of its advanced Level D B747-400 full-flight simulator. The former Thai Airways simulator is the second Boeing 747-400 owned and operated ... Read More »

EngineStands24, a subsidiary of the renowned global aviation solutions provider, Magnetic Group, has announced its upcoming expansion with the launch of a new engine stands’ hub in Singapore. This strategic move, in partnership with Singapore logistics c... Read More »

Pratt & Whitney (P&W) has unveiled its plans to expand Eagle Services Asia (ESA), its engine centre in Singapore. This significant 48,000-ft² expansion will enable ESA to increase its current facility capacity by two-thirds. Shangari Meleschi, Vice Pr... Read More »

Embraer, the Brazilian planemaker, has announced that American Airlines has signed an MoU with the company to team up with its Energia Advisory Group, an experienced and knowledgeable team of airlines, lessors, suppliers and additional aviation experts advisin... Read More »

Spirit AeroSystems has signed a maintenance, repair and overhaul service agreement through its subsidiaries with Vietnam Airlines Engineering Limited Company (VAECO) at the MRO Asia-Pacific Exhibition in Singapore. Established in 2009, Vietnam Airlines Enginee... Read More »

Surf Air Mobility has confirmed its order and paid the deposit for the first 20 Cessna Grand Caravan EX aircraft, designed and manufactured by Textron Aviation, to be purchased under its previously announced initial fleet order of up to 100 aircraft with opt... Read More »

At MRO Asia-Pacific 2023, Honeywell and Asia Pacific Aircraft Component Services (APACS), a subsidiary of SIA Engineering Company (SIAEC) and joint venture with SR Technics Switzerland, reaffirmed their long-term partnership with the announcement of additional... Read More »

Lockheed Martin Skunk Works®, in partnership with the U.S. Air Force, has completed the first flight of the U-2 Dragon Lady’s Avionics Tech Refresh (ATR) programme. The successful first flight tested the new advanced capabilities aboard the U-2 as part ... Read More »

ST Engineering’s Commercial Aerospace business and Quickstep Holdings (Quickstep) have entered into a partnership to bring together their complementary capabilities to service the region out of facilities in Australia. Under the partnership, ST Engineering a... Read More »