12 February 2015

BAE Systems wins more collision warning upgrade work from Boeing 737/757 operators

MRO & Production, Top Stories / Leave a Comment

BAE Systems has won business from two more European operators of Boeing 737 and Boeing 757 aircraft to upgrade existing Traffic Collision and Avoidance Systems (TCAS). The new business comes from Romania’s flag carrier TAROM and Turkish-based MGA MaviGok Aviation and covers a total of 22 aircraft. Referred to as TCAS 7.1 the upgrade covers […]

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MTU Aero Engines achieves record performance in 2014

Financial, Top Stories / Leave a Comment

MTU Aero Engines has once again beaten its previous records. In the financial year 2014, revenues grew by 10% to a new all-time high of €3,913.9m (2013: €3,574.1m). MTU’s operating profit rose from €377.4m in 2013 to €382.7m. Earnings after tax amounted to €253.3m (2013: €238.6m). The commercial engine business recorded the highest revenue growth

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After seven profitable years Norwegian reports negative result for 2014

Financial, Top Stories / Leave a Comment

Norwegian’s 2014 results are characterized by strong revenue and capacity growth as well as major investments for future expansion. Fuel hedging for 2015 for the amount of NOK459m was a considerable cost in 2014. Consequently, major costs for 2015 have already been covered. The company reported a net loss of NOK-1,050m compared to net profit

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