June 1, 2020

German government takes 20% stake in carrier as Lufthansa bailout is agreed

In return for a €9 billion (US$9.8 billion) bailout package, Germany’s flag-carrying airline Lufthansa will relinquish up to a 20% stake in the carrier to the German government. In addition, Lufthansa will have to relinquish over 24 of its take-off and landing slots at Frankfurt and Munich airports to new competitors. There will be a […]

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HEICO Corporation’s net income up 22% in first half of fiscal 2020

Financial

HEICO Corporation has reported that net income increased 22% to US$197.3 million in the first six months of fiscal 2020, up from US$161.1 million in the first six months of fiscal 2019. In the second quarter of fiscal 2020, net income decreased 8% to US$75.5 million as compared to US$81.8 million in the second quarter

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Lockheed Martin delivers first KC-130J Super Hercules Tanker to U.S. Marine Corps Reserve squadron

Military & Defense

Lockheed Martin has delivered the first KC-130J Super Hercules tanker assigned to Marine Aerial Refueler Transport Squadron 452 (VMGR-452), the Marine Forces Reserve squadron at Stewart Air National Guard Base, New York. A U.S. Marine Corps crew ferried the aircraft from Lockheed Martin’s facility on May 28 to the aircraft’s new home. VMGR-452 is the

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Frontier Airlines announces 18 new nonstop routes for summer 2020

Airlines & Routes

Low-fare carrier Frontier Airlines has announced 18 new routes for summer 2020. The new flights beginning in June and July expand the airline’s growing presence in major cities, including Boston, Chicago, Newark and Philadelphia. As another step to support the health and well-being of customers, the carrier will implement mandatory temperature screenings for passengers and

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GE Aviation awarded US$394 million by DLA for J85 engine supplies

Aircraft & Engines

GE Aviation has been awarded a US$394 million contract from the Defense Logistics Agency (DLA) to provide J85 engine supplies for the United States Air Force and Navy. The work will be carried out by GE Aviation’s facility in Lynn, MA, and across GE’s U.S. supply chain sites. The DLA classifies the new contract as

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Frankfurt Airport steps up flight services from this week on

Airports

Flight services at Frankfurt Airport are being stepped up significantly from June 1. They will focus on connections between cities in Europe, but flights to popular vacation destinations will also increase. Further long-haul destinations are also being added to the timetables. Daily capacity is now up to approximately 26,000. This is around 10% of the

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German government takes 20% stake in carrier as Lufthansa bailout is agreed

HEICO Corporation’s net income up 22% in first half of fiscal 2020

Lockheed Martin delivers first KC-130J Super Hercules Tanker to U.S. Marine Corps Reserve squadron

Frontier Airlines announces 18 new nonstop routes for summer 2020

GE Aviation awarded US$394 million by DLA for J85 engine supplies

Frankfurt Airport steps up flight services from this week on

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1 June 2020

German government takes 20% stake in carrier as Lufthansa bailout is agreed

HEICO Corporation’s net income up 22% in first half of fiscal 2020

Lockheed Martin delivers first KC-130J Super Hercules Tanker to U.S. Marine Corps Reserve squadron

Frontier Airlines announces 18 new nonstop routes for summer 2020

GE Aviation awarded US$394 million by DLA for J85 engine supplies

Frankfurt Airport steps up flight services from this week on

Stay Connected

Subscribe