Financial

Dubai Aerospace Enterprise (DAE) has reported its financial results for the nine months ended September 30, 2021. Firoz Tarapore, Chief Executive Officer of DAE, stated, “Our financial results for the first nine months of 2021 demonstrate our continued focus in the leasing division on investing in new technology, fuel-efficient narrow-body aircraft, sales of portfolio aircraft

The Lufthansa Group has reported that in the third quarter of 2021, capacity offered, measured in passenger-kilometres, was 50% of the pre-crisis level of 2019, about twice as high as in the second quarter. Overall, the airlines of the Lufthansa Group carried 19.6 million passengers in July, August and September combined. This represents 46% of

Wencor Group (Wencor), a leading solutions provider to the aerospace aftermarket, defence and OEM markets, has announced the acquisition of ASC Industries. “The addition of ASC broadens our capabilities and product offerings, allowing Wencor to deliver differentiated supply chain solutions, value-added inventory services and customised kitting solutions. This acquisition aligns with our market and product expansion strategy

AerCap Holdings, a global leader in aircraft leasing, has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric (GE). The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines and helicopters. The combined company will serve approximately 300 customers around the world and

CAE and Sabre Corporation have announced an agreement for CAE to acquire Sabre’s AirCentre airline operations portfolio (AirCentre) – a highly valuable suite of flight and crew management and optimisation solutions. The agreement, which is valued at US$ 392.5 million excluding post-closing adjustments, includes the Sabre AirCentre product portfolio, related technology and intellectual property as well

In the first nine months of 2021, MTU Aero Engines AG generated stable revenue and earnings. Revenue was €3,008 million, compared with €2,957 million in the first nine months of 2020. The operating profit was €307 million; in the prior-year period it was €311 million. The adjusted EBIT margin was 10.2% (1-9/2020: 10.5%). Net income was almost unchanged year-on-year at