MTU Aero Engines slightly raises earnings forecast following nine-month results

In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3m (1-9/2015: €3,257.0m). The group’s operating profit increased by 18% to €393.8m (1-9/2015: €333.1m), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4m (1-9/2015: €231.4m). The increase in MTU’s revenues […]

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Panasonic Avionics to equip 60 Aeromexico aircraft with latest IFE technology

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Panasonic Avionics and Aeromexico, Mexico’s Global airline, reported the extension of their long-running partnership. The new agreement will see 60 Boeing 737 MAX with Panasonic’s most advanced linefit IFE system for single-aisle aircraft. eX1 will offer Aeromexico passengers a familiar, easy-to-use, personalised interface that has been designed for an optimal viewing experience. Panasonic’s IFE system

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AerFin named fastest growing business in Wales

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AerFin has been named the fastest growing business in Wales at the annual Fast Growth 50 Awards dinner in Cardiff. Achieving revenue growth of 1044% between financial years ending 2013 to 2015. The company triumphed in a total of 4 categories on the night including fastest growing International Company, Mid to Large Company and Business

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Bombardier continues with 5-year turnaround plan by cutting 7,500 jobs

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A year after announcing its 5-year turnaround plan to try and make the plane and train manufacturer a profitable business, the Canadian company Bombardier has announced the intention to cut just over 10% of its 7,090 workforce. The company has indicated that much of the manpower restructuring will be centered around streamlining administrative and non-production

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Rolls-Royce runs Power Gearbox for first time

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Rolls-Royce has run its powerful aerospace gearbox for the first time, marking a significant step in the development of its new UltraFan engine design.The first run of the Rolls-Royce Power Gearbox (PGB), at the company’s facility in Dahlewitz, Germany, marks the start of a series of tests which will see the gearbox reach up to

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Air Canada signs five year slide and inflatable maintenance contract with AJW Technique

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Air Canada has further cemented its partnership with AJW Technique, the Quebec based component MRO provider, with a renewed five year contract for slide and inflatable maintenance. The contract underlines the focus that AJW has placed on building its repair business in North America and its initiative to create specialist modules of contracted repair service

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Jeppesen and TUI Group to enhance airline dispatch training

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Jeppesen, a Boeing Company, has teamed with TUI Group, the European charter and scheduled airline service operator, to enhance dispatch operations and training through an integrated in-house program available for airlines and other operators. Together, Jeppesen’s eAcademy program streamlines recurrent dispatch training for operators, while on the job training programs from TUI GOC establishes a

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Rockwell Collins to acquire B/E Aerospace for US$8.3bn

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Rockwell Collins, a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace, a leading manufacturer of aircraft cabin interior products, have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately US$6.4bn in cash and stock, plus the assumption of US$1.9bn in net debt. Under the terms

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VAS Aero Services and SR Technics to cooperate on supply program for Pratt & Whitney PW4-100”

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VAS Aero Services and SR Technics will cooperate on a comprehensive supply program for PW4168 engine maintenance operations. Helping SR Technics, the Swiss MRO to provide best-quality, timely maintenance services on PW4-100” engines for its airlines customers, the comprehensive supply program agreement calls for VAS to position engines at SR Technics’ facilities for teardown and

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Finnair to wet lease an Airbus A340 from Hi Fly

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Finnair will wet lease an Airbus A340 aircraft and crew from Hi Fly for a period of 2 months to accommodate pilot trainings that are necessary to secure the airline’s growing operations in summer 2017 and beyond. Finnair will continue to receive new Airbus A350 aircraft in 2017, and is currently undertaking a massive pilot

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MTU Aero Engines slightly raises earnings forecast following nine-month results

Panasonic Avionics to equip 60 Aeromexico aircraft with latest IFE technology

AerFin named fastest growing business in Wales

Bombardier continues with 5-year turnaround plan by cutting 7,500 jobs

Rolls-Royce runs Power Gearbox for first time

Air Canada signs five year slide and inflatable maintenance contract with AJW Technique

Jeppesen and TUI Group to enhance airline dispatch training

Rockwell Collins to acquire B/E Aerospace for US$8.3bn

VAS Aero Services and SR Technics to cooperate on supply program for Pratt & Whitney PW4-100”

Finnair to wet lease an Airbus A340 from Hi Fly

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