19 January 2023

Lufthansa Group

Lufthansa takes first steps in potential takeover of ITA Airways

Deutsche Lufthansa AG (Lufthansa) is looking to initially acquire a minority stake in Italian carrier ITA Airways (Italia Trasporto Aereo S.p.A.) with an option to purchase any remaining shares at a later stage. Lufthansa has submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell’economia e delle finanze) to conclude a Memorandum […]

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United Airlines

United Airlines posts fourth-quarter and full-year financial results

United Airlines (United) has reported fourth-quarter and full-year 2022 financial results. The company exceeded adjusted operating margin guidance in the fourth quarter reporting an 11.1% operating margin; an 11.2% operating margin on an adjusted basis. Additionally, the company reported a 9.1% pre-tax margin on a GAAP basis and 9.0% on an adjusted basis, achieving its 2023

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NASA chooses Boeing to develop Transonic Truss-Braced Wing (TTBW) demonstrator airplane

NASA has selected Boeing and its industry team to lead the development and flight testing of a full-scale Transonic Truss-Braced Wing (TTBW) demonstrator airplane. The technologies demonstrated and tested as part of the sustainable flight demonstrator (SFD) programme will inform future designs and could lead to breakthrough aerodynamics and fuel efficiency gains. When combined with

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Safran and Yellowhead Helicopters sign SBH® support contract

Safran Helicopter Engines has signed a contract with Yellowhead Helicopters to support Arriel powering its AS350 and H125 fleets. This Support-By-the-Hour (SBH®) contract formalises a long-term MRO and services agreement supporting 21 engines. The contract will be managed by Safran Helicopter Engines Canada, in Mirabel, Quebec, which provides North American customers with support services for

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Ethiopian Airlines welcomes Atlanta to its network

Ethiopian Airlines, the largest network operator in Africa, has finalised all preparations to commence a new service between Addis Ababa, Ethiopia and Atlanta, U.S.A. Ethiopian will operate four-times-weekly flights to Atlanta (ATL) starting from May 16, 2023. Commenting on the launch of the new flight, Ethiopian Airlines Group CEO Mesfin Tasew said, “We are truly delighted

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