Portuguese carrier TAP is being put up for sale by the government

Portuguese government looks to sell off TAP as it becomes profitable

Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-funded restructuring programme. Portugal’s Finance Minister has announced that a minimum 51% stake […]

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Aviation market intelligence and consultancy company IBA forecasts improving airline profits by 2025

IBA predicts airlines to achieve an average margin of 9% by 2025

Other News

IBA, the aviation market intelligence and consultancy company, forecasts improving airline profits with a global average EBIT (Earnings Before Interest and Tax) margin of 9% in the 2025 financial year, compared to just 2% in 2022 and 7% in 2019 prior to the COVID pandemic. IBA’s ISTAT-certified experts forecast a mixed picture across global regions,

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Lufthansa Technik will maintain the CFM56-5B engines of PAL's fleet of A320ceo aircraft

LHT to maintain PAL’s CFM56-5B engines

MRO & Production

The Philippines’ flag carrier PAL and leading MRO provider Lufthansa Technik (LHT) have recently signed a three-year contract regarding the maintenance of eight CFM56-5B engines of the airline’s A320ceo fleet, effective in 2024. In addition to the existing agreements in Total Component Support (TCS) for PAL’s Boeing 777 fleet as well as Base Maintenance Services

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Richard Stoddart becomes Satair's new CEO and Head of Airbus Material Services

Satair appoints Richard Stoddart Chief Executive Officer

People

Satair, an Airbus Services company, has appointed Richard Stoddart as its new Chief Executive Officer and Head of Airbus Material Services, effective October 1 2023. Stoddart joins Satair with a wealth of experience from the Airbus Defence and Space and Commercial Aircraft divisions, where he has led various customer-oriented programmes and most recently headed Airbus’

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Flyvbird’s first aircraft will be the nine-seat Tecnam P2012 Traveller

New regional airline flyvbird progresses with ‘flyvAI’ prototype

Aircraft & Engines

flyvbird, Europe’s new low-cost, on-demand regional airline model, has confirmed the creation of its flyvAI prototype, featuring proprietary algorithm and software architecture. It has been developed in collaboration with customised software development company Startup House of Poland, working in close collaboration with flyvbird’s CEO Anton Lutz. The system will now be fine-tuned over the next six

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Moviation has signed a Letter of Intent to purchase Eve’s Urban ATM solution

South Korea’s Moviation signs LoI for Eve’s Urban ATM solution

Information Technology

Eve Air Mobility (Eve) and Moviation, South Korea’s first Urban Air Mobility (UAM) service provider, have announced the signature of a Letter of Intent to purchase Eve’s Urban ATM solution. The software solution will be a key enabler to the implementation and scalability of Urban Air Mobility (UAM) and provides critical traffic management services that

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At the MRO AP, AMROS announced the opening of the AMROS Asia subsidiary branch

Malaysia sees location for new subsidiary “AMROS Asia” branch

Information Technology, Top Stories

AMROS Group, specialising in Fleet Technical Management and IT solutions within the aviation and aerospace industry, has opened up a new branch in Kuala Lumpur, Malaysia, operating under the name “AMROS Asia”. The premises are strategically located in Malaysia, adjacent to the aviation and financial hub in Singapore and will serve as the regional contact

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Clare Brown and Barry Swift have joint AJW Group's executive leadership team

AJW Group adds Barry Swift and Clare Brown to executive leadership team

People

AJW Group has made significant additions to its executive leadership team with the appointment of Barry Swift as Chief Operating Officer (COO) and Clare Brown as Senior Vice President (SVP) Finance, further enhancing the company’s strategic capabilities and expanding its C-Suite. Barry Swift, COO, is a seasoned professional with an impressive track record, including four

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MTU Maintenance Hannover has achieved a historic mark of 10,000 completed shop visits

MTU Maintenance Hannover completes 10,000th shop visit

MRO & Production, Top Stories

MTU Maintenance Hannover, a global leader in customised MRO solutions for aero engines, has achieved a historic mark of 10,000 completed shop visits at its Langenhagen location in Germany, nearly half of the over 22,000 shop visits completed by the MTU Maintenance network. MTU Maintenance Hannover redelivered a GE90-110/115B engine to DHL Network Operations, the

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Global Airlines and Hi Fly have formalised a partnership agreement to jointly undertake the development and maintenance of the four A380 aircraft

Global Airlines to accelerate A380 entry into service programme

Aircraft & Engines

In a noteworthy operational milestone, Global Airlines and Hi Fly, the largest Airbus wide-body aircraft wet-lease specialist, have formalised a partnership agreement to jointly undertake the development and maintenance of the four A380 aircraft that Global Airlines has committed to procuring. Hi Fly, which was first to operate the A380 in the secondary market, will

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Heike Tamm