MTU Aero Engines AG has presented its preliminary figures for 2020: revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income was €294 million in 2020, compared with €538 million in 2019. “Our swift and decisive […]
MTU Aero Engines reports net income of €294 million for 2020 Read More »
Skyways Technics A/S has announced that its fully owned subsidiary Skyways Technics Asia Sdn Bhd, established in Subang, Malaysia in 2014, has successfully extended its structural repair workshops and warehousing facilities to more than 3,000 m². The workshops’ surface area has tripled, with the installation of additional shops for sheet metal and composite works. Furthermore,
Skyways Technics Asia extends workshops and capabilities Read More »
StandardAero, a provider of maintenance, repair, and overhaul (MRO) services, has entered into a definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul (ERO) business. The transaction is expected to close mid-2021, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Like StandardAero, ERO is an engine MRO provider
Germany’s Recaro Aircraft Seating has confirmed that it has signed an extension to its original 2016 contract to provide Airbus with SWIFT economy class seats, Bl3530, for the A320 Family aircraft. This contract extension will enlarge the supplier-furnished equipment (SFE) catalogue with the most up-to-date Recaro products. The SWIFT program was devised to target lessors
RECARO signs contract extension with Airbus for SWIFT SFE seats Read More »
As part of Finnair’s rebuild program, the company has finalized a lease financing arrangement for its next A350 aircraft delivery, with JLPS Holding Ireland Limited as the lessor and lease servicer. In the arrangement, Finnair will assign the purchase of the Airbus A350 aircraft to a third party, and then lease it back for its
Finnair completes lease financing arrangement for next A350 aircraft delivery Read More »
Composites for aviation that are made from 100% renewable raw materials, and which not only have excellent properties, but are also decorative: that’s the goal of the BioForS project consortium. The aim is to replace conventional fire-resistant lightweight components for aircraft interiors, which include sheets made from fossil raw materials. “We aim to make aviation
F/LIST joins research consortium to bring renewable materials to aviation interiors Read More »
MAAS Aviation, recognized experts in aircraft painting and exterior coatings, has opened a new purpose-built paint shop at Kaunas Airport (KUN). The facility, which is the first of its kind in Lithuania, grows MAAS Aviation’s global footprint to eleven paint shops and increases its overall MRO capacity in Europe by 40%. Designed to achieve the highest
MAAS Aviation opens new aircraft paint shop in Kaunas, Lithuania Read More »
New generation widebody and narrowbody aircraft have seen only modest declines in their market values despite the enormous challenges of COVID-19, according to aviation industry consultant IBA. In its latest Aircraft Values webinar, IBA made no base value changes to new generation widebody aircraft. It ascribes only modest market value changes and the quickest recovery
IBA sees major structural downshifts in values of current generation widebodies Read More »
Embraer’s Praetor 600 super-midsize business jet has been granted a type certificate by Transport Canada Civil Aviation (TCCA). The Praetor 600 has surpassed all its main design goals with its ability to fly beyond 4,000 nautical miles in long-range cruise speed or beyond 3,700 nautical miles at Mach .80 from runways shorter than 4,500 ft,
Embraer Praetor 600 earns Canadian Type Certificate Read More »
Finnair intends to dismantle and recycle an Airbus A319 aircraft which has reached the end of its economic lifecycle at 21 years. The dismantling will begin at Helsinki Airport, where Finnair’s mechanics will remove parts that can be used elsewhere in Finnair’s fleet. These include the engine, seats, landing gear, and avionics components. “This is
Finnair to dismantle and recycle A319 aircraft at Helsinki Airport Read More »
