MTU Aero Engines (MTU) has increased revenue by 27% to €5.3 billion in 2022 (2021: €4.2 billion). The operating profit increased by 40% from €468 million to €655 million. The adjusted EBIT margin rose from 11.2% in 2021 to 12.3% in 2022. MTU reported net income developed in line with the operating profit and rose
As China’s reopening takes to the skies China made headlines again in the last week with the shooting down of a spy balloon over the U.S and subsequently at several other sightings in different parts of the world. For the aviation industry however, soaring jet fuel demand data will be vital to understanding if China’s
Willis Lease Finance Corporation has released that its United Kingdom subsidiary, Willis Aviation Services Limited (WASL), has expanded its service offerings to include UK CAA base maintenance approvals for the Airbus A320 family, Boeing 737NG, ATR 42/72 and Embraer 135/145 aircraft. These latest approvals complement WLFC’s existing UK CAA and EASA line maintenance approval capabilities
GA Telesis has kicked-off the new year with the disassembly of a Pratt & Whitney 4168 engine. The engine is a part of alease return pool sourced from the company’s Asset Transaction Group. It will be managed by GAT’s Flight Solutions Group (FSG) for disassembly and redistribution. Following the dismantling and repair, the used serviceable
FL Technics, a global provider of aircraft maintenance, repair, and overhaul (MRO) services, has received certification update with extended CAMO (continuing Airworthiness Management Organization) capabilities to service Airbus A220, and Boeing B737-MAX and B787 aircraft. The new approval is the result of rigorous FL Technics development in 2022 focused on industry trends related to efficiency
Nordic Aviation Capital (NAC) has entered into an MOU with GE Aerospace to explore a CORSIA*-compliant carbon offset programme that will allow NAC to offset carbon associated with its ferrying of aircraft and its directemployee long-haul business travel. The signing of this MOU represents NAC’s commitment to driving a more sustainable business model. Brian Power,
Flybe, the regional UK carrier has, for the second time in three years, entered into administration. It has ceased all operations, cancelled all flights and laid off 276 members of its staff, leaving some 75,000 passengers who have already booked tickets in a state of limbo as the tickets will no longer be honoured. “Flybe
Raytheon Technologies has reported fourth-quarter sales of US$18.1 billion, up 6% over the prior year. GAAP EPS from continuing operations of US$0.96 was up 109% versus the prior year and included US$0.31 of acquisition accounting adjustments and net significant and/or non-recurring charges. Adjusted EPS of US$1.27 was up 18% versus the prior year. Both GAAP and
Elbit Systems has reported that its wholly owned subsidiary, Elbit Systems-Cyclone, has been awarded a contract for the supply of aero-structure assemblies to the Boeing Company. The contract includes production and supply of the largest main deck cargo door (MDCD) for the Boeing 777 Freighter and 777-8 Freighter. Cyclone offers a broad range of aerospace capabilities,
Since January 1, 2023, Fraport has assumed responsibility for the organisation, management and performance of the security checkpoints at Frankfurt Airport (FRA). The German Federal Police, which was previously tasked with these responsibilities, will continue to hold statutory oversight and supervision roles, as well as overall responsibility for aviation security. It will also continue to
