Having taken over from Warren East in January this year, Rolls-Royce’s new CEO, Tufan Erginbilgic has warned all staff at the FTSE-100 firm that it must change the way it operates if it is to have a future. In a global announcement Erginbilgic stated that: “Every investment we make, we destroy value. We under-perform every
European planemaker Airbus has announced that it is stepping up its quest for new talent and in the next year will be taking on approximately 13,000 new employees across the globe. Roughly 7,000 of these employees will be for newly created posts and will be responsible for supporting the industrial ramp-up as well as the
Having reported a net loss of US$4.3 billion in 2021, Boeing Co. has reported a net loss of US$5.0 billion for 2022. Operational losses have been reported at US$3.5 billion, up from US$2.9 billion in 2021. The American planemaker generated US$3.1 billion in free cash flow in the final quarter of 2022. It had forecast
In order to drive the digital transformation of aircraft repair, maintenance and overhaul, Lufthansa Industry Solutions (LHIND) has now become a 100% subsidiary of Lufthansa Technik. This means Lufthansa Technik will now be able to draw on the expertise of some 2,300 digital experts while continuing to concentrate on LHIND’s customer growth. Lufthansa Technik will
The Recaro Aircraft Seating (Recaro) CL6720 customised for Air China took to the skies for the first time in the cabin of an Airbus A350 en route from Beijing to Chengdu on January 20. In addition to the new seat, the aircraft included Recaro PL3530 seats in the premium economy section and CL3710 seats in
It is anticipated that on January 27 a resurgent Air India will be announcing combined major orders for over 500 commercial jets from Airbus and Boeing. According to unnamed sources, the order will include 235 Airbus A321-family aircraft together with 190 Boeing 737 MAX jets as previously reported by Reuters news agency. It is also
ZeroAvia, the US/UK hydrogen-electric aircraft developer has announced the successful maiden test flight of its 19-seat Dornier 228 testbed aircraft. The flight saw the Dornier become the world’s largest aircraft to be flown with a full-size hydrogen-electric powertrain. The hydrogen-electric engine had been retrofitted to the left wing of the aircraft while a single Honeywell
Deutsche Lufthansa AG (Lufthansa) is looking to initially acquire a minority stake in Italian carrier ITA Airways (Italia Trasporto Aereo S.p.A.) with an option to purchase any remaining shares at a later stage. Lufthansa has submitted an offer to the Italian Ministry of Economy and Finance (Ministero dell’economia e delle finanze) to conclude a Memorandum
United Airlines has opened its newly refurbished and expanded Houston inflight training centre. At a cost of US$32 million (£26 million) the now 56,000 ft² facility more than doubles the existing training premises and will enable the carrier to remain on track to hire 15,000 new staff, including 4,000 flight attendants, in 2023. The new
François Lepot, CEO of Safran Aero Boosters, has announced that a new compressor blades and vanes production plant for aircraft engines is to be established in the Walloon region of Belgium, in the province of Liège. A €50 million investment is to be made in a refurbished site where titanium compressor blades will be manufactured,
