Safran’s CEO, Olivier Andriès, has expressed enthusiasm regarding the company’s performance in the first half of 2023. He said that numerous new orders have been announced since the beginning of the year, and there’s a notable increase in narrow-body air traffic, surpassing the levels seen in 2019. As a result, there is a significant demand
IAG Cargo, the cargo division of International Airlines Group (IAG) has reported its financial results for the first half of (H1) 2023. The business reported commercial revenues of €603 million for the period from January 1 to June 30, 2023. IAG Cargo’s H1 2023 revenues represent an increase of 8.5% versus the same period before
As part of its recovery from supplier error, Boeing has announced its intention to ramp-up production of its 737-family aircraft from a current 31 units per month to 38 per month. The MAX versions make up the majority of planned production. In addition, increased deliveries of the 787 Dreamliner have helped to boost revenue in
Airbus has reported consolidated financial results for the half-year (H1) ended June 30, 2023. “During the first half of 2023 we progressed well across our businesses in an operational environment that remains complex. Our commercial aircraft are in strong demand, as demonstrated by more than 800 orders announced at the Paris Air Show. This demand
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
