MTU Aero Engines AG generated revenue of €3.1 billion in the first half of 2023 (1-6/2022: €2.5 billion). This equates to an increase of 25%. Operating profit rose by 40% from €290 million to €405 million. The adjusted EBIT margin was 13.1% (1-6/2022: 11.7%). Net income climbed by 45% to €300 million, up from €207 million in the
Safran has announced its contemplated acquisition of Collins Aerospace’s high-technology actuation and flight control activities, which are mission critical for commercial and military aircraft and helicopters. The business has approximately 3,700 employees across eight facilities in Europe (France, UK and Italy) and in Asia, and also benefits from MRO and engineering capabilities. It is expected
Ryanair has reported first-quarter (Q1) profits of €663 million, compared to a Ukraine-affected prior year Q1 PAT of €170 million thanks to a strong Easter, the extra UK (Coronation) public holiday in May and weak PY comps. due to Russia’s invasion of Ukraine in Feb. 2022 which damaged last year’s Q1 traffic and fares. Q1
United Airlines (United) has made an investment in Electric Power Systems (EPS), a company producing battery technology that can potentially be used for a broad suite of aerospace applications. Rather than producing battery cells, the company’s compatible module technology can be adapted to support a variety of batteries, optimising performance and safety. The versatility of
Finnair has reported a strong second quarter, carrying 2.8 million customers and a passenger load factor of 76%, ending the quarter with an operating profit of €66.2 million. The strong quarter was driven by continued strong travel demand and successful implementation of Finnair’s strategy. The company captured demand with its balanced network and was successful
Ampaire, a renowned leader in hybrid-electric aircraft systems, and Talyn Air, a pioneering developer of innovative electric vertical take-off and landing (eVTOL) aircraft systems, have jointly announced that Ampaire has completed the acquisition of a significant portion of Talyn’s assets. This strategic transaction marks a crucial milestone in Ampaire’s mission to spearhead the electrification of
American Airlines (American) has produced record quarterly revenues of US$14.1 billion in the second quarter. The strong revenue performance was driven by continued broad-based demand strength and American’s completion factor performance in the quarter. Demand was particularly strong in the month of June driven by an increase in close-in bookings. Domestic and short-haul international revenue
Lilium, developer of the first all-electric vertical take-off and landing jet, has announced a US$192 million financing, including the pricing of an upsized US$75 million underwritten public offering of 57,692,308 of the company’s Class A ordinary shares (the shares), as well as a concurrent US$42 million private placement of 32,146,147 shares and warrants to purchase
Air France-KLM and Apollo Global Management have signed a definitive agreement for Apollo-managed funds and entities (Apollo) to raise a €500 million (£431 million) financing into an operating affiliate of Air France that will own a pool of components dedicated to Air France’s Engineering and Maintenance activities. Under this agreement and subject to customary closing
Avia Solutions Group has acquired UK-based airline operator Synergy Aviation, later to be rebranded to Ascend Airways. The newly purchased business, which has an Air Operator Certificate (AOC) and Type B Operating License from the UK CAA, will enable the Group to strengthen its position in the UK aviation market. Jonas Janukenas, CEO of Avia
