6 August 2020

Embraer announces revenue from commercial aviation sector has dropped 82%

Financial, Top Stories

The world’s third-largest planemaker, Brazil’s Embraer, has announced that in the second quarter of 2020, revenue from its commercial aircraft sector has fallen 82% to US$109 million compared to last year. The company also reported a loss of US$315 million for the last quarter. The drop in revenue has been blamed on the worldwide fallout […]

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Lufthansa Group reports net loss of €3.6 billion for first half of 2020

Financial

The collapse in demand for air travel due to the CORONA pandemic led to an 80% drop in revenue for the Lufthansa Group in the second quarter to €1.9 billion (previous year: €9.6 billion). Most of the revenue (€1.5 billion) was generated by Lufthansa Cargo and Lufthansa Technik. The Lufthansa Group Adjusted EBIT in the

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Honeywell uses Blockchain to digitize aircraft records, parts pedigree data

Information Technology

Honeywell is fully integrating aircraft record generations into its digital blockchain ledger. This provides Honeywell’s customers with an easy way to search and retrieve scattered data through a simple user interface, creating a level of speed and efficiency. Quick and easy access to this data is critical for airlines because most use dozens of repair

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Willis Lease Finance reports second quarter pre-tax profit of US$9.7 million

Financial

Willis Lease Finance has reported second quarter total revenues of US$75.0 million and pre-tax profit of US$9.7 million. The company reported lower revenue in the second quarter of 2020 than the prior year period due primarily to the impact the COVID-19 pandemic has had on the aviation industry, generally, leading to reduced revenues in the

Willis Lease Finance reports second quarter pre-tax profit of US$9.7 million Read More »

SR Technics appoints Caroline Vandedrinck as Senior Vice President Sales

People

SR Technics has appointed Caroline Vandedrinck as Senior Vice President Sales with effect from September 1, 2020. She will report directly to Jean-Marc Lenz, Chief Executive Officer, and will be leading the new Sales organization. Michael Sattler, Chief Commercial Officer, will be leaving SR Technics at the end of August 2020. Vandedrinck has more than

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Dubai Aerospace Enterprise posts financial results for first-half 2020

Financial

Dubai Aerospace Enterprise (DAE) has reported its financial results for the six months ended June 30, 2020. DAE reported total revenue of US$672.6 million compared to US$735.2 million in the first-half of 2019 and net income of US$121.7 million compared to US$197.1 million in the previous year. The reported net income in the first-half was

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