Airbus posts consolidated full-year 2020 financial results

Airbus has reported consolidated full-year 2020 financial results. Net commercial aircraft orders totalled 268 (2019: 768 aircraft) with the order backlog comprising 7,184 commercial aircraft as of December 31, 2020. Airbus Helicopters booked 268 net orders (2019: 310 units), including 31 NH90s for the German Bundeswehr in Q4 and 11 H160s. Airbus Defence and Space’s […]

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ORIX Aviation signs service agreement for package of 14 B737 MAX8 and B787-9 aircraft

Aircraft & Engines

ORIX Aviation Systems have been appointed as the exclusive remarketing agent in respect of a package of 14 aircraft, consisting of 12 B737 MAX-8 (LEAP 1B engines) and two B787-9 (Trent 1000 engines), on behalf of the secured financiers of the aircraft. All 14 aircraft are currently leased to Norwegian Air Shuttle. ORIX Aviation was

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Aviator expands market presence with SAS startups in Norway

Other News

Following a previously secured agreement with Scandinavian Airlines in late July 2020, Aviator Airport Alliance AB successfully launched the start-up of ground handling operations for the airline across multiple airports in Norway. Over the next five-year period, which commenced February 1, 2021, Aviator will be the provider of ground handling and de-icing services for SAS

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Qantas to build new flight training center at Brisbane Airport

Other News

The Qantas Group has announced the future locations of its flight simulators, with pilots to be trained in Brisbane, Sydney and Melbourne. The relocation has been triggered by the need for Qantas to move its current simulator center from Mascot in Sydney to make way for a major roads project. This process has subsequently formed

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MTU Aero Engines reports net income of €294 million for 2020

Financial

MTU Aero Engines AG has presented its preliminary figures for 2020: revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income was €294 million in 2020, compared with €538 million in 2019. “Our swift and decisive

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Skyways Technics Asia extends workshops and capabilities

MRO & Production

Skyways Technics A/S has announced that its fully owned subsidiary Skyways Technics Asia Sdn Bhd, established in Subang, Malaysia in 2014, has successfully extended its structural repair workshops and warehousing facilities to more than 3,000 m². The workshops’ surface area has tripled, with the installation of additional shops for sheet metal and composite works. Furthermore,

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StandardAero signs definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul business

Financial

StandardAero, a provider of maintenance, repair, and overhaul (MRO) services, has entered into a definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul (ERO) business. The transaction is expected to close mid-2021, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions. Like StandardAero, ERO is an engine MRO provider

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RECARO signs contract extension with Airbus for SWIFT SFE seats

MRO & Production, Top Stories

Germany’s Recaro Aircraft Seating has confirmed that it has signed an extension to its original 2016 contract to provide Airbus with SWIFT economy class seats, Bl3530, for the A320 Family aircraft. This contract extension will enlarge the supplier-furnished equipment (SFE) catalogue with the most up-to-date Recaro products. The SWIFT program was devised to target lessors

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Finnair completes lease financing arrangement for next A350 aircraft delivery

Financial

As part of Finnair’s rebuild program, the company has finalized a lease financing arrangement for its next A350 aircraft delivery, with JLPS Holding Ireland Limited as the lessor and lease servicer. In the arrangement, Finnair will assign the purchase of the Airbus A350 aircraft to a third party, and then lease it back for its

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F/LIST joins research consortium to bring renewable materials to aviation interiors

MRO & Production

Composites for aviation that are made from 100% renewable raw materials, and which not only have excellent properties, but are also decorative: that’s the goal of the BioForS project consortium. The aim is to replace conventional fire-resistant lightweight components for aircraft interiors, which include sheets made from fossil raw materials. “We aim to make aviation

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Airbus posts consolidated full-year 2020 financial results

ORIX Aviation signs service agreement for package of 14 B737 MAX8 and B787-9 aircraft

Aviator expands market presence with SAS startups in Norway

Qantas to build new flight training center at Brisbane Airport

MTU Aero Engines reports net income of €294 million for 2020

Skyways Technics Asia extends workshops and capabilities

StandardAero signs definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul business

RECARO signs contract extension with Airbus for SWIFT SFE seats

Finnair completes lease financing arrangement for next A350 aircraft delivery

F/LIST joins research consortium to bring renewable materials to aviation interiors

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