March 11, 2020

Despite interest in wide-body jets, Boeing posts negative 28 orders for February

Having failed for the first time in decades to post any orders for the month of January, while sales of wide-body jets improved, cancelations and conversions of orders for the stricken 737 MAX led to a disappointing month for the American planemaker. Having delivered 95 planes to customers in the first two months of 2019, […]

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Textron Aviation, WSU Tech, and IAMAW launch aerospace tooling apprenticeship

MRO & Production

Textron Aviation, WSU Tech and the International Association of Machinists and Aerospace Workers (IAMAW) have announced a new collaborative apprenticeship program to address long-term production and tooling requirements for the company’s aircraft programs. The two-year program, the first of its kind in the region, will provide students both factory and classroom training in a wide

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Zurich Airport posts full-year 2019 profit of CHF 309 million

Financial

Flughafen Zürich AG has reported an encouraging result in 2019. In the reporting period, Flughafen Zürich AG’s revenue increased by 5.0% to CHF 1.2 billion. The airport operator posted a profit of CHF 309.1 million. Additional provisions (CHF 45.8 million after taxes) for sound insulation measures in the previous year depressed the result for 2018.

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TrueAero promotes Chris Luke to Senior Vice President of Leasing

People

TrueAero has promoted Chris Luke to Senior Vice President of Leasing. Luke’s leadership of TrueAero Asset Management has led to TrueAero’s excellence in aircraft leasing, asset trading, origination, customer service, and marketing. Under his stewardship, TrueAero Asset Management has broken into the top third of commercial aircraft lessors worldwide.

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Rolls-Royce launches new electronics manufacturing capability at Purdue University

Military & Defense

Rolls-Royce has created new engine controls capability near the campus of Purdue University to support the company’s U.S. defense business, including the F130 engine competing for the U.S. Air Force B-52 program. Rolls-Royce will assemble and test electronic engine controllers, which help manage in-flight engine operations. The first controller has been completed at Rolls-Royce in

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BOC Aviation reports record profit for 2019

Financial

BOC Aviation has reported profit before tax of US$775 million and net profit after tax of US$702 million for the full-year ended December 31, 2019, both increasing by 13% year-on-year. The company delivered a return on equity of 16.0%, exceeding its average return on equity of 15.1% since 2007. The company achieved a strong result

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S7 Technics and Satair sign consignment agreement

MRO & Production

Russian MRO services provider S7 Technics has signed a consignment stock agreement with Satair, the aviation spares and solution provider. The agreement covers the exclusive distribution of over 350-part numbers from a number of suppliers over a multi-year period and constitutes the first of its kind between Satair and customers in Russia and the CIS

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APEX encourages global tax relief for airline industry

Other News

APEX (Airlines Passenger Experience Association) strongly encouraged governments worldwide to issue immediate tax relief in an even-handed manner for the airline industry in the wake of COVID-19 (Novel Coronavirus). Representing nearly every major airline in the world, APEX believes that governments around the globe have a responsibility to reduce taxation upon airlines during this unprecedented

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Qantas grounds eight A380s until mid-September

Airlines & Routes

The Qantas Group has announced further cuts to its international flying, reducing capacity by almost a quarter for the next six months. The latest cuts follow the spread of the coronavirus into Europe and North America over the past fortnight, as well as its continued spread through Asia, which has resulted in a sudden and

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