SR Technics has started implementing MRO services on the CFM International (CFM) LEAP-1B engine at its Zurich facility. Following the agreement with CFM which was concluded at the end of 2020, SR Technics targets the authority certification by Q1 2022. Relying on its strong relationship with CFM International and its parent companies GE Aviation and […]
SR Technics to provide LEAP-1B MRO services by 2022 Read More »
Aergo Capital (Aergo) has completed the sale and leaseback of two wide-body aircraft with Singapore Airlines. The transaction includes the sale and leaseback of new technology fuel-efficient aircraft, comprising one Airbus A350-900 aircraft and one Boeing 787-10 aircraft, bearing manufacturers serial numbers 278 and 60282 respectively. Both aircraft are subject to long-term leases with Singapore
The lower the frictional resistance of an aircraft in the air, the lower the fuel consumption. Using nature as a role model, the aviation industry has been intensively researching ways to reduce aerodynamic drag for many years. Now Lufthansa Technik and BASF have succeeded in making the breakthrough as part of a joint project. AeroSHARK,
Lufthansa Group and BASF roll out sharkskin technology Read More »
Having announced at the 2019 Heli-Expo in Atlanta that it intended to create a U.S.-based Helicopter Training Academy, Leonardo S.p.A. has officially opened its brand-new, state-of-the-art Helicopter Training Academy in Philadelphia on schedule, despite the problems faced dealing with the COVID-19 pandemic. The Academy is located on its existing campus in northeast Philadelphia that also
Leonardo opens U.S. Helicopter Training Academy on schedule Read More »
National Aviation Services (NAS), the leading airport services provider in the emerging markets has renewed its contract with the Aqaba Development Corporation (ADC) and Aqaba Airports Company (AAC) to operate and manage Aqaba Air Cargo Terminal (AACT) for another 20 years. Aqaba with its strategic location and status as Jordan’s special economic zone is a
ABL Aviation, the global independent aircraft investment management firm, has successfully completed another e-delivery of a new Airbus A320neo aircraft for Pegasus Airlines, on behalf of ABL Aviation’s Japanese partner. The transaction follows the industry’s first ever 100% remote delivery of an aircraft, also arranged by ABL Aviation for Pegasus Airlines last April in the
ABL Aviation makes second innovative e-delivery of A320neo for Pegasus Airlines Read More »
The European Union Aviation Safety Agency (EASA) has granted the first certificate for a Virtual Reality (VR)-based Flight Simulation Training Device (FSTD). The device, for rotorcraft pilots, enhances safety by opening the possibility for practicing risky maneuvers in a virtual environment. This addresses a key risk area in rotorcraft operations, where statistics show that around
EASA approves first Virtual Reality (VR)-based flight simulation training device Read More »
MTU Aero Engines has published its figures for the first quarter of 2021: Revenue was €989 million, compared with €1,273 million in the first quarter of 2020. The operating profit decreased from €182 million to €86 million. The adjusted EBIT margin was 8.7% (1-3/2020: 14.3%). Adjusted net income was €58 million, compared with €128 million
MTU Aero Engines posts first quarter 2021 adjusted net income of €58 million Read More »
Seasoned senior finance executive Rajeev Bhalla has been named a Director of the Board at Next Level Aviation, a leader in the aerospace used serviceable materials (USM) market. He brings wide-ranging financial, operational, and strategic expertise to the company as it plans substantial growth in the coming years, both organically and through acquisition. Bhalla’s background
Rajeev Bhalla named Director of the Board at Next Level Aviation Read More »
With global travel restrictions still being hampered by the COVIDF-19 pandemic, this has had a substantial effect on the business performance of Lufthansa Group in the first quarter of 2021. Carsten Spohr, CEO of Deutsche Lufthansa AG, commented that: “The longer the crisis lasts, the greater people’s desire to travel again becomes. We know that
Lufthansa Group reduces operating expenses by 51% and reduces operating loss Read More »
