In the first quarter of 2015, MTU Aero Engines AG increased its revenues by 20% to €1.099,5bn (1-3/14: €913.0m). The group’s operating profit rose by 10% to €97.7m (1-3/14: €89.0m). The EBIT margin amounted to 8.9%, compared with 9.7% for the same period in the previous year, and earnings after tax increased by 22% to
SkyQuest International has arranged the successful sale of one Embraer EMB-120ER aircraft on behalf of JP Morgan Chase Bank, N.A. of Columbus, Ohio, US. The aircraft has been sold to Universal Turbine Parts, of Prattvile, Alabama, US. The 1999 aircraft, Serial Number 120301, is powered by Pratt & Whitney PW118 engines, and was delivered in
While Wizz Air is due to open its 21st base, this time in Poland, in September, the Ukraine arm of the airline has ceased operations. According to the company, instability in Eastern Ukraine, volatility and devaluation of the local currency, plus the impact of foreign exchange controls are the principal reasons behind the decision to
Specialized in parabolic flight campaigns, the Airbus A310 ZERO-G replaces the former A300 B2 operated by Novespace which was already maintained by Sabena technics since its entry in service in the 90s. As part of this contract renewal, Sabena technics will provide full support for the new Airbus A310 and its component for a period
The passenger aircraft fleet serving the Australia South Pacific region will grow from some 700 aircraft today to over 1,200 by 2033, with a doubling in the number of widebody aircraft. With aviation growth comparable with other mature markets such as North America and Europe, the region has the world’s highest propensity to travel per
Finmeccanica-AgustaWestland announced that North Pole Investments of Panama has signed a contract for one AW139 intermediate twin-engine and one AW189 super medium helicopter. The aircraft will be delivered by early 2016 and operated by Helistar de Aviacion of Colombia for offshore transport missions in support of the oil and gas industry. This contract strengthens collaboration
Lockheed Martin (LMT) continues to advance C-130 aircrew and maintenance training under recent contract awards from the U.S. Air Force valued at more than US$80m. Under the C-130J Maintenance and Aircrew Training System (MATS) II contract, Lockheed Martin is delivering a number of aircrew and maintainer devices to support ground-based training, including high fidelity weapons
Air Lease Corporation announced the delivery one Boeing 737-800 NG aircraft (MSN 30286) to Belavia (Belarus) on long term lease from ALC. The delivery of the aircraft, which was formerly on lease from ALC to Air Berlin, occurred on April 22nd, 2015.
Vector Aerospace UK a leading provider of aviation maintenance, repair and overhaul (MRO) services, signed an agreement with Airbus Helicopters enabling its Fleetlands site in Gosport to operate as an Airbus Helicopters Service Centre for countries adjoining the North Sea – the UK, Republic of Ireland , Norway, Denmark, the Netherlands and Belgium. The agreement
A number of conservative Republicans have targeted the Ex-Im Bank, which serves US exporters and the buyers of US goods, for closure in July when its funding runs out as they consider it usurps the role of the private sector and provides “welfare” for big business. Boeing however, which is a leading Ex-Im Bank beneficiary,
