The Air France-KLM Group has reported a positive net income for the full year 2022. Net income amounted to €728 million for the full year 2022, an increase of €4,020 million compared to last year. Revenue for the full year 2022 was up 84.4% compared to the previous year, a record level in the Group’s […]
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Aventure Aviation has significantly increased its inventory by acquiring seven Boeing 737NGs for teardown from WestJet Airlines. All seven aircraft, MSN 34284, 34285, 34286, 34287, 34288, 35111 and 35112, will undergo immediate teardown for parts. The first will take place in Marana, Arizona. “This major acquisition will provide a significant inventory increase for our global customer
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elfc (Engine Lease Finance Corporation) has appointed Julian Jordan to the new role of Chief Commercial Officer (CCO). Jordan will be responsible for developing and executing elfc group’s global sales and leasing strategy across all commercial divisions. This will include new business growth, engine portfolio management and INAV engine material supply. During his time at elfc
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AMETEK FMH Aerospace has selected Wencor as its exclusive distributor supporting global military and government aftermarket. This agreement expands the partnership that Wencor and AMETEK SFMS previously announced in September 2022, and now includes the AMETEK flexible metal tubing, ducting, bellows, valves, filter assemblies and fuel boost pumps supporting key military platforms in the aerospace and defence
Dr Thomas Toepfer will become the future Airbus Chief Financial Officer. He will succeed Dominik Asam who will leave Airbus on March 3, 2023. Toepfer, currently CFO of Covestro AG – a DAX40 company and one of the world’s leading suppliers of premium polymers – will join Airbus on September 1, 2023. Xavier Tardy, Executive
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IATA and AZANS, the Air Navigation Service Provider of Azerbaijan, have agreed to develop and implement an Azerbaijan National Airspace Strategy (NAS). IATA and AZANS strengthen their existing cooperation for this initiative, which is aimed at delivering benefits to the travelling public, while supporting national economic growth and the competitiveness of the Azerbaijan aviation sector
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As a result of engineers working on a railway line extension in Frankfurt, Germany for Deutsche Bahn, the German railway, a Deutsche Telekom fibre-optic cable was cut through by a drill and Lufthansa’s IT system crashed as a consequence. This resulted in over 200 flights being cancelled on Wednesday morning and thousands of passengers delayed
GKN Aerospace has launched an 80,000-ft² expansion of its Chihuahua, Mexico facility to meet future demands for advanced, complex composite manufacturing and assembly for the business jet industry. The expansion is expected to be completed by the end of 2023 and to create 100 new jobs. The move further strengthens GKN Aerospace’s footprint in Mexico
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Airbus has reported that consolidated revenues increased 13% to €58.8 billion (2021: €52.1 billion). A total of 661 commercial aircraft were delivered (2021: 611 aircraft), comprising 53 A220s, 516 A320 family, 32 A330sand 60 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 15% year-on-year, mainly reflecting the higher deliveries and the strengthening of the
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Binter Canarias and Embraer have signed a contract to adopt the Beacon digital platform for its E195-E2 fleet maintenance. Binter’s decision came after successful testing of the coordination platform that connects resources and professionals for the quickest return of aircraft to service. Beacon is an agnostic platform, that serves aircraft from all manufacturers. This is
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