19 May 2023

ST Engineering and SF Airlines to establish joint venture company JVCo

MRO & Production

The Commercial Aviation arm of Singapore Technologies Engineering (ST Engineering) and SF Airlines Co., Ltd. (SF Airlines), are to combine resources under the umbrella of a joint venture company (JVCo) in Ezhou, Hubei, China. The JVCo will operate a greenfield airframe Maintenance, Repair & Overhaul (MRO) facility at Ezhou Huahu Airport to provide airframe MRO […]

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Munich International Airport

Munich Airport significantly improves financial results in fiscal year 2022

Financial

A dynamic traffic development brought Munich Airport significantly improved financial results in fiscal year 2022. With a passenger volume of 31.6 million passengers – 19 million more than in the previous year – the airport already reached around 70% of its pre-crisis level. Revenue was almost doubled year-on-year to around €1.2 billion. Earnings before interest

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Royal Jordanian Airlines has signed a deal with Embraer and Azorra for eight new E2 jets

Embraer and lessor Azorra sign deal with Royal Jordanian Airlines for eight E2 jets

Aircraft & Engines

Embraer and commercial aviation lessor Azorra have signed a new eight-aircraft deal with Royal Jordanian Airlines, Jordan’s flag carrier. The agreement will see the introduction of both the E190-E2 and E195-E2 to the airline’s fleet. Aircraft deliveries are expected to begin in Q4 2023. The agreement covers eight commercial aircraft, four E190-E2 and four E195-E2,

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IAI reports first-quarter revenues of US$1,279 million

Financial

Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defence company, has reported that the company’s revenues in the first quarter of 2023 (Q1 2023) totalled US$1,279 million compared with US$1,200 million in Q1 2022, an increase of US$79 million arising mainly from the increase in revenues of the Systems Missiles & Space

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