Heike Tamm

EASA approves first Virtual Reality (VR)-based flight simulation training device

Other News

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 […]

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MTU Aero Engines posts first quarter 2021 adjusted net income of €58 million

Financial

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

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Rajeev Bhalla named Director of the Board at Next Level Aviation

People

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

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© Lufthansa and the trade union Ver.di resolved the ongoing pay dispute

Lufthansa Group reduces operating expenses by 51% and reduces operating loss

Financial, Top Stories

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

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Rolls-Royce and DHL Express sign Totalcare® agreement for A330 engines

Aircraft & Engines

Rolls-Royce and DHL Express have signed a TotalCare® agreement for the Trent 700 engines that currently power the eight Airbus A330 freighter aircraft of the worldwide operating logistics company. The agreement will also cover any Trent 700 engines that are added to the DHL fleet in the future. This agreement will give DHL a secured

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Faradair signs former Boeing, easyJet executives, Randy Tinseth and Tony Anderson to its Advisory Board

People

Faradair has announced the appointment of OEM and airline industry titans Randy Tinseth and Tony Anderson to help steer the company through its next phase of growth and continued development of the Bio Electric Hybrid Aircraft (BEHA). Former Vice President Marketing for Boeing Commercial Airplanes, Tinseth becomes the new head of Faradair Aerospace Limited’s Advisory

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MTU Aero Engines and Safran Aircraft Engines create EUMET to lead engine activities of the Next-Generation Fighter (NGF)

Military & Defense

Europe’s Next-Generation Fighter (NGF) within the FCAS program has taken a decisive step forward as MTU Aero Engines and Safran Aircraft Engines have finalized their collaboration agreement by creating a 50/50 joint company. The new entity, called EUMET GmbH (derived from European Military Engine Team), will be based in Munich and will be headed by

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FAA awards STC for 321 Precision Conversions’ A321-200PCF

MRO & Production

321 Precision Conversions, a joint venture between Aircraft Transport Services Group (ATSG) and Precision Aircraft Solutions, has been awarded FAA Supplemental Type Certificate, Number ST02716SE, to the group’s new A321-200PCF freighter. Precision Aircraft Solutions President Gary Warner said, “This major accomplishment, achieved during an unprecedented gobal pandemic, bears witness to the professionalism and dedication of

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Boeing posts first quarter 2021 revenue of US$15.2 billion

Financial

The Boeing Company has reported first-quarter revenue of US$15.2 billion, primarily driven by lower 787 deliveries and commercial services volume, partially offset by higher 737 deliveries and higher KC-46A Tanker revenue. GAAP loss per share of (US$0.92) and core loss per share (non-GAAP) of (US$1.53) reflect year-over-year KC-46A Tanker improvement, higher 737 deliveries, and lower commercial

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