20 February 2020

France, Germany and Spain to develop next-generation fighter jet prototype

It has been announced on Thursday that France and Germany have signed a €150 million deal to develop a next-generation fighter jet, with Dassault Aviation and Airbus building the aircraft. The intention is for the jet to be ready by 2040 with a view to replacing the current Dassault Rafale and German Eurofighter. “This is […]

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Liebherr-Aerospace signs landing gear overhaul agreement with Great Dane Airlines

Liebherr-Aerospace has signed a landing gear overhaul agreement with Great Dane Airlines, for the overhaul of the Danish airline’s Embraer E195 fleet. Startup airline Great Dane Airlines was founded in 2018 and began services in mid-2019. Last year has been quite successful for the Original Equipment Manufacturer (OEM) as it was able to include in

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ATP Flight School opens airline pilot training center in San Antonio, Texas

ATP Flight School’s newest Texas training center will open March 2, 2020, at the San Antonio International Airport. Part of a nationwide network of 40 locations, this new facility is ATP’s seventh in the state, including operations in Austin, Dallas and Houston. The new San Antonio training center will be solely focused on the development

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High fuel costs weigh on Air France-KLM’s fiscal year 2019 results

In the full-year 2019, the Air France-KLM Group has posted an operating result of €1,141 million, down by 18.8% compared to last year, impacted by a challenging trading environment and a higher fuel bill. Net income amounted to €290 million in 2019, a decrease of €130 million compared to last year. The fuel bill, including

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Qantas

Qantas Group delivers strong performance in first half of full-year 2020

The Qantas Group continued to deliver strong earnings in a mixed market in the first half of full-year 2020 (FY20), with an underlying profit before tax of AU$771 million and a statutory profit before tax of AU$648 million. The underlying result was AU$4 million less than the same period last year – despite AU$51 million

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MTU Aero Engines posts full-year 2019 net income of €537.6 million

MTU Aero Engines AG had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million

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FL Technics expands line-maintenance network to more than 50 line-stations

FL Technics, a global provider of aircraft maintenance, repair and overhaul (MRO) services, has begun 2020 by strengthening its position in Europe with the acquisition of Italian company Flash Line Maintenance S.r.l. The company provides line-maintenance services for the Mediterranean region, and its acquisition will enable FL Technics to expand its line-maintenance network to more

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Aery Aviation wins Naval Special Warfare contract

Aery Aviation has won an Intelligence, Surveillance, and Reconnaissance (ISR) Naval Special Warfare Contract to be executed in the second-quarter of 2020. Aery will provide air-to-ground ISR services in the form of Full Motion Video (FMV), specialized sensor, and communications equipment to support ground elements throughout the training and research/development exercise event. These services will

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