American Airlines

American Airlines reports fourth-quarter 2022 revenue of US$13.2 billion, up 16.6% from 2019

Financial

American Airlines Group (American) has released its fourth-quarter and full-year 2022 financial results. The company reported fourth-quarter and full-year net income of US$803 million and US$127 million respectively. Excluding net special items, fourth-quarter and full-year net income was US$827 million and US$328 million respectively. American recorded fourth-quarter revenue of US$13.2 billion, which represents a 16.6% […]

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Boeing

Boeing reports mixed financial results for 2022 with net loss of US$5 billion

Financial, Top Stories

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

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SWISS installs new Premium-Economy class on Airbus A340-300 fleet

MRO & Production

Swiss International Air Lines (SWISS) embarked on the Premium-Economy class installation programme for its Airbus A340-300 fleet in December 2022. The first aircraft completed – HB-JMB – departed from Zurich for Johannesburg on January 24, on its first flight with the new seating class installed. All four SWISS Airbus A340s will feature the popular new

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Raytheon Technologies reports fourth-quarter 2022 results including for subsidiaries Pratt & Whitney and Collins Aerospace

Uncategorized

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

Raytheon Technologies reports fourth-quarter 2022 results including for subsidiaries Pratt & Whitney and Collins Aerospace Read More »

Lockheed Martin reports successful first flight of F-16 Block 70 jet

Military & Defense

Lockheed Martin has reported the successful first flight of the F-16 Block 70 jet at its Greenville, South Carolina site.  The flight occurred January 24, with a total flight time of approximately 50 minutes and included airworthiness checks, such as engine, flight control and fuel system checks, as well as basic aircraft handling.  The F-16

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ST Engineering secures CFM56-7B engine maintenance contracts from two airlines

MRO & Production

ST Engineering has reported that its Commercial Aerospace business has secured CFM56-7B engine maintenance contracts from two established airlines based in Asia. Under these contracts, ST Engineering will carry out heavy maintenance of CFM56-7B engines for the two airlines at its engine MRO facilities in Singapore and Xiamen, China. Tay Eng Guan, SVP/GM of Engine

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Guardia di Finanza takes delivery of first newly configured AW169M helicopter

Aircraft & Engines

Leonardo and Guardia di Finanza (Italy’s Police Force with general capability in economic and financial matters as well as the only maritime Police Force in Italy) have announced the delivery of the operator’s first AW169M light-intermediate twin engine helicopter in a special configuration featuring skids. The handover was performed at Leonardo’s Vergiate assembly line (Varese)

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AV AirFinance appoints Michael Rubinett to lead Americas loan origination

People

AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, has released that Michael Rubinett has joined its U.S. affiliate, AV AirFinance L.P., as Senior Vice President – Loan Origination (Americas). Rubinett will be responsible for sourcing loan opportunities and developing customer relationships in the Americas. Rubinett has almost a decade of experience in

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Air France chooses Lufthansa Technik for APU service of Airbus A350 fleet

MRO & Production

Lufthansa Technik and Air France have signed a long-term agreement for the technical support of auxiliary power units (APUs) of the French airline’s entire Airbus A350 fleet. Over the next six years Lufthansa Technik will provide extensive MRO services for the Honeywell HGT1700 APUs at its Hamburg site. Lufthansa Technik has long been certified by

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Lufthansa Technik integrates LHIND to drive digital transformation of MRO

Information Technology, Top Stories

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

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