April 30, 2021

Lufthansa Group reduces operating expenses by 51% and reduces operating loss

With global travel restrictions still being hampered by the COVIDF-19 pandemic, this has had a substantial effect on the business performance of Lufthansa Group in the first quarter of 2021. Carsten Spohr, CEO of Deutsche Lufthansa AG, commented that: “The longer the crisis lasts, the greater people’s desire to travel again becomes. We know that …

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Rolls-Royce and DHL Express sign Totalcare® agreement for A330 engines

Aircraft & Engines

Rolls-Royce and DHL Express have signed a TotalCare® agreement for the Trent 700 engines that currently power the eight Airbus A330 freighter aircraft of the worldwide operating logistics company. The agreement will also cover any Trent 700 engines that are added to the DHL fleet in the future. This agreement will give DHL a secured …

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Faradair signs former Boeing, easyJet executives, Randy Tinseth and Tony Anderson to its Advisory Board

People

Faradair has announced the appointment of OEM and airline industry titans Randy Tinseth and Tony Anderson to help steer the company through its next phase of growth and continued development of the Bio Electric Hybrid Aircraft (BEHA). Former Vice President Marketing for Boeing Commercial Airplanes, Tinseth becomes the new head of Faradair Aerospace Limited’s Advisory …

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Embraer delivers 13 executive jets in first quarter 2021

Financial

Embraer has delivered nine commercial jets and 13 executive jets (ten light / three large) in the first quarter of 2021. The total company firm order backlog at the end of the first quarter was US$14.2 billion. Revenues reached US$807.3 million, representing year-over-year growth of 27.4% compared to the first quarter of 2020, with growth …

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MTU Aero Engines and Safran Aircraft Engines create EUMET to lead engine activities of the Next-Generation Fighter (NGF)

Military & Defense

Europe’s Next-Generation Fighter (NGF) within the FCAS program has taken a decisive step forward as MTU Aero Engines and Safran Aircraft Engines have finalized their collaboration agreement by creating a 50/50 joint company. The new entity, called EUMET GmbH (derived from European Military Engine Team), will be based in Munich and will be headed by …

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FAA awards STC for 321 Precision Conversions’ A321-200PCF

MRO & Production

321 Precision Conversions, a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions, has been awarded FAA Supplemental Type Certificate, Number ST02716SE, to the group’s new A321-200PCF freighter. Precision Aircraft Solutions President Gary Warner said, “This major accomplishment, achieved during an unprecedented gobal pandemic, bears witness to the professionalism and dedication of …

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