October 29, 2020

More jobs to go at Boeing as planemaker posts fourth consecutive quarterly loss

In April Boeing announced its intentions to reduce its 160,000-strong workforce by 10%. Following the fourth consecutive quarterly loss, the company’s CEO, Dave Calhoun, announced that by the end of 2020 Boeing’s workforce will be reduced to 130,000, cutting job numbers by 14,000 more than anticipated. “As we align to market realities, our business units …

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Aviation Concepts Technical Services achieves 8A/8C check on Gulfstream fleet

MRO & Production

Philippines-based Aviation Concepts Technical Services Inc. (ACTSI) has upgraded its capability to 8A/8C from the Federal Aviation Administration (FAA). With a strong and experienced Gulfstream team, the ACTSI MRO is now capable to provide maintenance services for Gulfstream IV-X (G350/G450) and GV-SP (G500/G550), with Limited Engine – 8A / 8C, 72-month, 96-month, and 144-month inspections. …

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MTU Aero Engines presents nine-month figures and forecast

Financial

In the first nine months of 2020, MTU Aero Engines AG generated revenue of €2,956.6 million (1-9/2019 €3,403.7 million). The operating profit was €310.8 million, compared with €557.7 million in the prior-year period. The EBIT margin was 10.5% (1-9/2019: 16.4%). In line with adjusted EBIT, adjusted net income dropped from €391.7 million to €219.2 million. “Based on these results, we can …

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Volocopter and Lufthansa Industry Solutions cooperate to build VoloIQ

Information Technology

Volocopter, the pioneer in Urban Air Mobility (UAM), has announced a cooperation with Lufthansa Industry Solutions. Together they are building Volocopter’s proprietary intelligent and integrated “Urban Air Mobility Software Platform” that will run on Microsoft Azure: VoloIQ. It offers complete digital visibility of the complex UAM ecosystem in real-time. Using artificial intelligence, VoloIQ will enable …

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Spirit Airlines posts third-quarter net loss of US$99.1 million

Financial

Spirit Airlines has reported total operating revenue for the third quarter of 2020 of US$401.9 million, a decrease of 59.5% year over year as demand for air travel remains depressed due to the COVID-19 pandemic. Based on current demand and level of operation assumptions, Spirit estimates its fourth-quarter total operating revenue will be down approximately …

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GA Telesis Engine Services appoints Randy Harker Sales Director – Americas

People

GA Telesis Engine Services OY (GATES) has appointed Randy Harker as Sales Director Americas. As part of the company’s Turbine Vision 2020(TV 2020) strategy, GATES is stepping up its global presences with both talent and strategic operations. Harker is one of several industry pros to join GATES as the scope of TV 2020 grows. He …

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FL Technics Engine Services quick turn activities’ shop opens doors

Uncategorized

FL Technics Engine Services has received Part-145 approval from the Transport Competency Agency of Republic of Lithuania (TCA) approved by the European Union Aviation Safety Agency (EASA) for its engine MRO quick turn activities. The new facility will provide airlines, lessors and asset management organizations with high quality tailor-made solutions for aircraft engine life cycle’s …

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