Heike Tamm

Flying Colours is joining the Flexjet family of companies

Flying Colours MRO to join Flexjet family of companies

MRO & Production

Flexjet, the specialist in fractional jet ownership, has announced that Flying Colours is to join its family network of companies. Flying Colours is a maintenance, repair and overhaul (MRO) specialist and will further expand on Flexjet’s maintenance and support network which currently includes facilities in the United States, Canada and Europe. “Bringing the capabilities of […]

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WLFC

WLFC reports second-quarter pre-tax income of US$19.0 million

Financial

Willis Lease Finance Corporation (WLFC) has reported second-quarter 2023 total revenues of US$109.0 million and pre-tax earnings of US$19.0 million. For the three months ended June 30, 2023, aggregate lease rent and maintenance reserve revenues were US$89.8 million and spare parts and equipment sales were US$4.6 million. The WLFC reported increased total revenues in the

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Norwegian

Strong July for Norwegian

Traffic

In July, Norwegian carried 2.3 million passengers, the load factor was 92.4% and capacity was at its peak for the current year and 12% higher than July last year. Continued bookings throughout the month made by Nordic customers contributed to making this a historically strong July for the carrier. “July was an outstanding month for

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The Lufthansa Group

Lufthansa captains could get 25% pay boost as Group posts record Q2 results

Financial

Lufthansa Group has released details of recent pay offers submitted to cockpit crew. These offers, incremental over the next three years, will see base pay rates increase by 18%. With lump sums and inflation bonuses on the table already agreed on last year, captains would likely see a pay raise of over 25%, while co-pilots

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Heathrow becomes one of the world’s first airports to trial the use of lower carbon concrete

Heathrow trials lower carbon concrete to cut emissions

Airports

Heathrow Airport has launched an innovative trial to explore the feasibility of using lower carbon concrete, boasting a remarkable 50% reduction in emissions compared to conventional concrete. This ground-breaking initiative stems from Heathrow’s sponsorship of a PhD candidate at the University of Surrey, who dedicated three years of lab work to achieve this milestone. The

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© Rolls-Royce

Rolls-Royce posts significantly higher profit

Financial

Rolls-Royce’s underlying operating margin demonstrated significant improvement, reaching 9.7% compared to 2.4% in the previous period. This positive change was fuelled by continuous revenue growth and early transformational benefits, particularly in commercial optimisation and cost efficiencies across the group. Civil Aerospace achieved an operating margin of 12.4% (versus (3.4)% in the prior period) due to

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