16 February 2016

MTU Aero Engines AG’s 2015 revenues and earnings at new record levels

MTU Aero Engines AG closed the financial year 2015 with new records. Revenues reached a new high of €4,435.3m (2014: €3,913.9m) while the group’s operating profit climbed to €440.3m (2014: €382.7m), an increase of 15%. Earnings after tax beat the previous all-time record set in 2014, rising by 21% from €253.3m to €306.9m. The commercial

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Embraer projects demand of 1,570 new deliveries of 70 to 130-seat jets in Asia Pacific over the next 20 years

Embraer Commercial Aviation released its market forecast for Asia Pacific at the Singapore Airshow, which includes China. The Company believes that airlines will take delivery of 1,570 new jets in the 70 to 130-seat segment over the next 20 years (valued at US$75bn, at list prices), representing 25% of the worldwide demand for the segment,

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ATR and the Singapore-based lessor Avation sign order for 5 additional ATR 72-600s

ATR and the Singapore-based commercial aircraft lessor Avation announced an agreement for the purchase of five new ATR 72-600 aircraft. At list prices the acquisition is valued at about US$130m and brings to 35 the total number of firm ATR 72s ordered by Avation since their first ATR purchase in 2011. As of today, Avation

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First of two Universal Avionics equipped C-26 aircraft delivered

The first of two Universal Avionics equipped Fairchild C-26 Metroliner aircraft has been delivered to the customer. The upgrade was completed by Worldwide Aircraft Services, of Springfield, Missouri USA with Program Management provided by W4 Limited, Fort Worth, Texas USA. The installation includes three EFI-890R Advanced Flight Displays, dual UNS-1Fw Multi-Missions Management Systems (MMMS) with

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Pratt & Whitney's Singapore Engine Center named center of excellence for GP7200 low pressure compressor overhauls

Pratt & Whitney Eagle Services Asia (ESA), has been named as a center of excellence for GP7200 low pressure compressor (LPC) overhauls by the Engine Alliance (EA). ESA will support Airbus A380 operators around the globe with the first shop visits scheduled for LPC performance restoration. As a center of excellence, ESA will be responsible

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STS Component Solutions partners with OEM Branet

STS Component Solutions, a division of STS Aviation Group, has announced a new OEM partnership with Branet to distribute spares and execute MRO support for Boeing Cargo Restraints. Located in Sulphur, Louisiana, Branet possesses more than 20 years of experience in the aviation cargo restraint market, specializing in both spares and repairs of their products.

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