Volocopter, the urban air mobility specialist has announced a successful signing of its Series D funding round, raising an additional US$240 million and taking the total raised to US$390 million. This fresh injection of funds will allow the company to maintain its leading role as an urban air mobility (UAM) company through its VoloCity battery-powered …
Revenue at the Lufthansa Group fell to €13.6 billion in 2020 (previous year: €36.4 billion). Despite rapid and extensive cost reductions, the Lufthansa Group had to report an Adjusted EBIT of minus €5.5 billion (previous year: profit of €2.0 billion). The Adjusted EBIT margin was minus 40.1% (previous year: plus 5.6%). The operating cash drain …
Lufthansa Group posts operating loss of €5.5 billion in 2020 Read More »
Greater Bay Airlines (HGB), a Hong Kong-based airline has announced its partnership with FLYdocs to digitize maintenance records for its fleet of Boeing 737-800s. The start-up airline founded by Hong Kong tycoon Bill Wong Cho-bau signed a five-year deal with FLYdocs to automate and digitize its aircraft records. The partnership will enable the operator to capitalize on digital transformation by utilizing the seamless integration between FLYdocs® and M&E platform AMOS for full compliance-on-demand.
Aston Martin and Bombardier have signed a letter of intent to collaborate on custom design services for Bombardier business jets. The collaboration would give customers the opportunity for a truly unique design experience, with the meeting of the top creative minds from the luxury automotive and private jet industries. Aston Martin and Bombardier are …
MTU Maintenance, a global leader in customized service solutions for aero engines, makes leadership changes on the North American continent with two new managers. Experienced leader Uwe Zachau assumes the role of Managing Director and CEO of MTU Maintenance Canada on March 1. Furthermore, industry insider Nezam Moghadassian took over the role of President and …
Uwe Zachau to become Managing Director and CEO, MTU Maintenance Canada Read More »
Wizz Air becomes the first customer of the Technical Logbook solution of AVIATAR, the independent platform for digital products and services developed by Lufthansa Technik. Through the newly introduced solution, Wizz Air will replace the manual and paper-based process of capturing technical issues during flight/on ground and implement the seamless digital pilot-to-maintenance collaboration application. AVIATAR’s …
Wizz Air becomes first customer of AVIATAR’s Technical Logbook solution Read More »
China Eastern Airlines has officially signed a purchase contract for C919 aircraft with Commercial Aircraft Corporation of China (COMAC) in Shanghai on March 1, 2021. Five C919 aircraft would be introduced in the first batch, and China Eastern Airlines would become the world’s first airline to operate the aircraft. This is an important step for …
China Eastern Airlines signs purchase contract for five C919 aircraft with COMAC Read More »
Inter-Tec Group, which offers specialist engineering, design, and analysis solutions across the broad aviation sector, is to open a new European base in Sligo, the Republic of Ireland, complementing its established Prestwick, Scotland home. The new business, Inter-Tec Aero Limited, becomes the principal site of business for EASA approvals. It secured EASA Part 21J Design …
Inter-Tec Group opens new European business in Sligo, Ireland Read More »
