May 3, 2021

Leonardo opens U.S. Helicopter Training Academy on schedule

Having announced at the 2019 Heli-Expo in Atlanta that it intended to create a U.S.-based Helicopter Training Academy, Leonardo S.p.A. has officially opened its brand-new, state-of-the-art Helicopter Training Academy in Philadelphia on schedule, despite the problems faced dealing with the COVID-19 pandemic. The Academy is located on its existing campus in northeast Philadelphia that also …

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National Aviation Services (NAS) Jordan to operate and manage Aqaba Air Cargo Terminal for another 20 years

Uncategorized

National Aviation Services (NAS), the leading airport services provider in the emerging markets has renewed its contract with the Aqaba Development Corporation (ADC) and Aqaba Airports Company (AAC) to operate and manage Aqaba Air Cargo Terminal (AACT) for another 20 years. Aqaba with its strategic location and status as Jordan’s special economic zone is a …

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ABL Aviation makes second innovative e-delivery of A320neo for Pegasus Airlines

Aircraft & Engines

ABL Aviation, the global independent aircraft investment management firm, has successfully completed another e-delivery of a new Airbus A320neo aircraft for Pegasus Airlines, on behalf of ABL Aviation’s Japanese partner. The transaction follows the industry’s first ever 100% remote delivery of an aircraft, also arranged by ABL Aviation for Pegasus Airlines last April in the …

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EASA approves first Virtual Reality (VR)-based flight simulation training device

Other News

The European Union Aviation Safety Agency (EASA) has granted the first certificate for a Virtual Reality (VR)-based Flight Simulation Training Device (FSTD). The device, for rotorcraft pilots, enhances safety by opening the possibility for practicing risky maneuvers in a virtual environment. This addresses a key risk area in rotorcraft operations, where statistics show that around …

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MTU Aero Engines posts first quarter 2021 adjusted net income of €58 million

Financial

MTU Aero Engines has published its figures for the first quarter of 2021: Revenue was €989 million, compared with €1,273 million in the first quarter of 2020. The operating profit decreased from €182 million to €86 million. The adjusted EBIT margin was 8.7% (1-3/2020: 14.3%). Adjusted net income was €58 million, compared with €128 million …

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Rajeev Bhalla named Director of the Board at Next Level Aviation

People

Seasoned senior finance executive Rajeev Bhalla has been named a Director of the Board at Next Level Aviation, a leader in the aerospace used serviceable materials (USM) market. He brings wide-ranging financial, operational, and strategic expertise to the company as it plans substantial growth in the coming years, both organically and through acquisition. Bhalla’s background …

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