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LATEST NEWS
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Monday, October 31st, 2022
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Lufthansa Technik, a leading global provider of aircraft maintenance, repair, overhaul and modification services, has created a Hydrogen Aviation Lab out of an old, decommissioned Airbus A320 aircraft. The Hydrogen Aviation Lab will be used to trial maintenance and ground processes for hydrogen-powered aircraft of the future.
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Hydrogen is anticipated to play a major role in the decarbonizing of the aviation industry as it strives to become carbon neutral. As a result, Lufthansa Technik, Hamburg Airport, DLR and ZAL have combined forces to design and test maintenance and ground-based processes for hydrogen technology. The project is funded by Hamburg’s Ministry of Economic Affairs and Innovation as well as the city’s investment and development bank (IFB Hamburg).
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Over the coming months, the Hydrogen Aviation Lab will be fitted out with a complete suite of test systems as well as an internal tank for liquid hydrogen and an onboard fuel cell, paired with supporting ground-based hydrogen infrastructure. With the Hydrogen Aviation Lab, the project partners intend to prepare for handling and maintenance of hydrogen-powered aircraft, whose entry into service is estimated for the middle of the next decade.
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Parallel to research carried out using the physical hardware of the Hydrogen Aviation Lab, the project also involves the creation of a so-called digital twin of the Airbus A320. Therein, simulations will enable researchers to develop and test predictive maintenance methods for the systems and components of future aircraft generations.
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BOC Aviation has completed delivery of six Boeing 787-9 Dreamliners to Norwegian carrier Norse Atlantic Airways (Norse). All six aircraft are powered by Rolls Royce Trent 1000 TEN engines.
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“The delivery of these six aircraft reflects the strong level of teamwork and cooperation between Norse Atlantic and ourselves,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “We look forward to working with Norse on its future fleet requirements and remain committed to providing all our customers with fuel-efficient and technologically advanced aircraft.”
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Norse Atlantic Airways is a new, innovative airline planning to serve the international, low-cost market between popular European and U.S. destinations with a fleet of modern, fuel-efficient and more environmentally friendly Boeing 787 Dreamliners. Norse Atlantic Airways was established in February 2021 with its shares admitted to trading on Euronext Growth Oslo in April 2021.
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Air Canada has generated CA$644 million in operating income with a strong operating margin of 12.1% in the third quarter of 2022. This was the first quarter since the pandemic began in which the company delivered positive operating income. Operating revenues more than doubled to CA$5.3 billion, on a capacity growth of 130% and EBITDA increased to over a billion, with a margin of 19.9%. Air Canada posted a net loss of CA$508 million, compared to a net loss of CA$640 million in the third quarter of 2021, which included a foreign exchange loss of CA$951 million.
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Yields also improved, helping offset higher fuel prices. Air Canada Cargo is consistently contributing to Air Canada's results and Aeroplan is continuing to perform extremely well with travel's return. The transformed loyalty programmes' gross billings from points sold, purchase volume on co-brand cards and new members are all at record highs.
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Michael Rousseau, President and Chief Executive Officer of Air Canada stated: "Despite the global disruption of air travel, through teamwork and focused efforts, we safely transported nearly 11.5 million customers to their destinations this quarter. We are further encouraged by continuing strong demand, now further stimulated by the easing of COVID-related restrictions. Advance ticket sales in the quarter were at 95% of third quarter 2019 levels. In the third quarter, our adjusted unit cost or adjusted CASM improved by 38% to 11.6 cents compared to the same period last year, and we will continue to carefully control costs. We ended the quarter with just over CA$10.2 billion in total liquidity
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Airbus has delivered the first two H135s to the Spanish Guardia Civil and National Police under the 36-unit contract signed with the General Directorate for Armaments and Materiel (DGAM) at the end of 2021 to supply the Ministry of Defence and the Ministry of Interior. The Minister of the Interior, Fernando Grande-Marlaska, and Bruno Even, CEO of Airbus Helicopters, along with Fernando Lombo, Managing Director of Airbus Helicopters in Spain, were present at the handover ceremony that took place at the Airbus plant in Albacete.
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The new helicopters will enable the National Police and Guardia Civil to replace BO105 helicopters in a wide range of missions including police, surveillance and rescue activities. In total, the Ministry of Interior will receive 18 units.
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As for the Spanish Air Force and Navy, which will receive eleven and seven H135s respectively, deliveries will begin next year and will be added to the 16 helicopters already operated by the Spanish Army for training and support missions for the Military Emergency Unit (UME). From 2023 onwards, the three armed forces will be able to benefit from synergies in terms of training, operation, and maintenance.
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Lufthansa Group has reported that revenue almost doubled compared to last year (+93%), reaching €10.1 billion in the third quarter (previous year: €5.2 billion).
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The company generated an Adjusted EBIT of €1.1 billion in the third quarter of 2022, including an impact from strikes of around €70 million. In the same period last year, operating profit was €251 million. The operating margin amounted to 11.2% (prior year: 4.8%). Net income increased significantly in the third quarter to €809 million (previous year: €-72 million).
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The number of passengers travelling on board of the passenger airlines increased significantly in the third quarter compared with the previous year. Between July and September, more than 33 million passengers flew with the airlines of the Lufthansa Group (previous year: 20 million).
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Lufthansa Cargo again achieved a record result. Although airfreight capacities on passenger aircraft are increasing again due to the continuation of air traffic recovery especially on the North Atlantic, average yields remain well above pre-crisis levels, especially on routes to Asia. Adjusted EBIT in the third quarter rose to €331 million (previous year: €302 million), an increase of 10% compared to last year's already very strong performance. In the first nine months of the year, Lufthansa Cargo has thus already achieved an operating profit of €1.3 billion (previous year: €943 million) and is on course for a full-year result even above last year's record €1.5 billion.
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In the third quarter, Lufthansa Technik benefited from the high demand for air travel and the associated demand from airlines worldwide for maintenance and repair services. The volume of business was already back at around 90% of the pre-crisis level. Lufthansa Technik generated an Adjusted EBIT of €177 million in the third quarter (previous year: €149 million), the best quarter ever for the company. The forecast for the annual result was raised again. Lufthansa Technik is thus also heading for a new record for the full year.
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Kansai International Airport, operated since 2016 by VINCI Airports with its partner ORIX, has inaugurated a new domestic area in Terminal 1. The first stage of the airport's remodelling works, this new area improves passengers’ experience thanks to more functional commercial spaces, redesigned around new shops and restaurants celebrating the flavours of Kansai and a new lounge.
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The second phase of work has already begun and will be completed in December 2023, with the opening of the new international area. It will improve passengers’ experience along their entire journey (check-in, emigration, shopping areas, boarding) while deploying new technologies to serve passengers.
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Supported by the Japanese government, these works are the most important ones carried out at Kansai International Airport since it opened in 1994. They enable VINCI Airports to support Japan's tourism recovery and prepare the airport to become the "First Pavilion" of the Osaka Kansai World Expo in 2025.
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