Revenue at the Lufthansa Group fell to €13.6 billion in 2020 (previous year: €36.4 billion). Despite rapid and extensive cost reductions, the Lufthansa Group had to report an Adjusted EBIT of minus €5.5 billion (previous year: profit of €2.0 billion). The Adjusted EBIT margin was minus 40.1% (previous year: plus 5.6%). The operating cash drain […]
Lufthansa Group posts operating loss of €5.5 billion in 2020 Read More »
Greater Bay Airlines (HGB), a Hong Kong-based airline has announced its partnership with FLYdocs to digitize maintenance records for its fleet of Boeing 737-800s. The start-up airline founded by Hong Kong tycoon Bill Wong Cho-bau signed a five-year deal with FLYdocs to automate and digitize its aircraft records. The partnership will enable the operator to capitalize on digital transformation by utilizing the seamless integration between FLYdocs® and M&E platform AMOS for full compliance-on-demand.
Start-up operator Greater Bay Airlines signs digital records partnership with FLYdocs Read More »
Aston Martin and Bombardier have signed a letter of intent to collaborate on custom design services for Bombardier business jets. The collaboration would give customers the opportunity for a truly unique design experience, with the meeting of the top creative minds from the luxury automotive and private jet industries. Aston Martin and Bombardier are
MTU Maintenance, a global leader in customized service solutions for aero engines, makes leadership changes on the North American continent with two new managers. Experienced leader Uwe Zachau assumes the role of Managing Director and CEO of MTU Maintenance Canada on March 1. Furthermore, industry insider Nezam Moghadassian took over the role of President and
Uwe Zachau to become Managing Director and CEO, MTU Maintenance Canada Read More »
Wizz Air becomes the first customer of the Technical Logbook solution of AVIATAR, the independent platform for digital products and services developed by Lufthansa Technik. Through the newly introduced solution, Wizz Air will replace the manual and paper-based process of capturing technical issues during flight/on ground and implement the seamless digital pilot-to-maintenance collaboration application. AVIATAR’s
Wizz Air becomes first customer of AVIATAR’s Technical Logbook solution Read More »
China Eastern Airlines has officially signed a purchase contract for C919 aircraft with Commercial Aircraft Corporation of China (COMAC) in Shanghai on March 1, 2021. Five C919 aircraft would be introduced in the first batch, and China Eastern Airlines would become the world’s first airline to operate the aircraft. This is an important step for
China Eastern Airlines signs purchase contract for five C919 aircraft with COMAC Read More »
Inter-Tec Group, which offers specialist engineering, design, and analysis solutions across the broad aviation sector, is to open a new European base in Sligo, the Republic of Ireland, complementing its established Prestwick, Scotland home. The new business, Inter-Tec Aero Limited, becomes the principal site of business for EASA approvals. It secured EASA Part 21J Design
Inter-Tec Group opens new European business in Sligo, Ireland Read More »
China’s Civil Aviation Administration (CAAC) remains one of the last major markets to withhold re-certification of the Boeing 737 MAX, with no clear indication being given of any anticipated timeline for the troubled jet to return to its skies. China was one of the first countries to ground the 737 MAX after two fatal crashes,
China still not ready to re-certify 737 MAX while COMAC C919 production nears lift-off Read More »
GA Telesis has signed an agreement to acquire a fleet of 777-300ER aircraft, powered by GE90-115B engines, with an undisclosed seller. With the world’s leading aviation ecosystem and given the relative size of the acquisition, GA Telesis’ plan for this fleet will encompass a broad strategy of aircraft leasing, engine leasing, as well as airframe
GA Telesis signs agreement for acquisition of fleet of 777-300ER aircraft Read More »
The International Air Transport Association (IATA) announced that passenger traffic fell in January 2021, both compared to pre-COVID levels (January 2019) and compared to the immediate month prior (December 2020). Because comparisons between 2021 and 2020 monthly results are distorted by the extraordinary impact of COVID-19, unless otherwise noted all comparisons are to January 2019
January passenger demand falls further Read More »
