Only days after TUI, the Anglo-German multinational travel and tourism company headquartered in Hanover, Germany secured a third round of emergency funding for €1. 8 billion, it has posted an annual loss of €3.0 billion as a result of the effect of the COVID-19 pandemic on the holiday industry sector. TUI had previously secured state […]
Pandemic-impacted TUI posts annual loss of €3.0 billion Read More »
The EcoPulse™ distributed propulsion hybrid aircraft demonstrator – which is being developed by Daher, Safran and Airbus with the support of France’s CORAC civil aviation research council – has successfully passed its Preliminary Design Review as a first key step toward validating the project’s feasibility and firming up the architecture for a first flight scheduled
EcoPulse™ hybrid aircraft demonstrator achieves first key milestone Read More »
GA Telesis, LLC (GAT) has announced the purchase of one Pratt & Whitney PW4056-3 engine last operated by Air Atlanta Icelandic. The transaction was recently concluded by the Component Solutions Group (CSG) and the engine will be immediately inducted for disassembly. The removed material will be directly routed for repairs with GA Telesis’ approved MRO
GA Telesis purchases one PW4056-3 engine from Air Atlanta Icelandic for disassembly Read More »
Liebherr-Aerospace has been selected by Austrian Airlines to overhaul the landing gears of the airline’s 17 Embraer E-Jet E195 aircraft. The first landing gear is expected to arrive end of December 2020, at Liebherr-Aerospace Lindenberg GmbH in Lindenberg (Germany), where the overhaul activities will be performed. The complete landing gear system for the E-Jet E1
Liebherr to overhaul landing gears for Austrian Airlines Read More »
As a part of Finnair’s rebuild program, the company has been granted export credit support in excess of €100 million (US$121 million) from the export credit agencies of Germany, France and the United Kingdom. Credit support has been offered to qualified purchasers of Airbus aircraft and, in this case, it has been granted for the
Finnair has been granted credit support in excess of €100 million Read More »
International Aero Engines and MTU Maintenance have signed an 11-year PW1100G-JM aftermarket agreement, committing themselves to further investment in the engine’s aftermarket network. The contract covers a significant quantity of shop visits per year, in addition to the existing and substantial commitments to the program. This is a clear and strong signal to the industry
Pratt and Whitney and MTU Maintenance sign 11-year PW1100G-JM aftermarket agreement Read More »
Contrail Aviation Support, a worldwide supplier of surplus and aftermarket commercial jet engine components as well as asset leasing and acquisitions, has appointed commercial aircraft transaction veteran, Michael Coviello, who has 42 years of industry experience, as Vice President of Transaction Management. In his new role, Coviello will manage and optimize all aspects of the
Contrail taps Michael Coviello as Vice President of Transaction Management Read More »
AAR has been awarded a US$148,357,084 firm-fixed-price, indefinite-delivery/indefinite-quantity follow-on contract with Naval Air Systems Command. This expanded contract provides contractor logistics support required for operating and maintaining the C-40A aircraft, aircraft subsystems, appliances and support equipment, including depot-level, main operating base and supply support. This award also introduces additional requirements including new operating sites, commercial
AAR to continue C-40 contractor logistics support with Naval Air Systems Command Read More »
