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LATEST NEWS
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Thursday, February 16th, 2023
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Dr Thomas Toepfer will become the future Airbus Chief Financial Officer. He will succeed Dominik Asam who will leave Airbus on March 3, 2023. Toepfer, currently CFO of Covestro AG – a DAX40 company and one of the world’s leading suppliers of premium polymers – will join Airbus on September 1, 2023. Xavier Tardy, Executive Vice-President Finance for Airbus Defence and Space, will ensure continuity during the interim period in addition to his current role.
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“We are very pleased to have Thomas joining Airbus as CFO at this important time for the company. Thomas is a highly regarded CFO in the DAX40 and I am looking forward to working with him on the Airbus Executive Committee as we continue to ramp-up production and secure our long-term ambitions in a complex operating environment,” said Guillaume Faury, Airbus CEO. Toepfer will report to CEO Faury and become a Member of the Airbus Executive Committee.
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Dr Toepfer has been Covestro’s Chief Financial Officer (CFO) since April 2018 and additionally holds the position of Labour Director since January 2019. Before joining Covestro, he was Chief Financial Officer of KION Group, a leading provider of materials handling and warehouse automation solutions. Since January 2022, Toepfer has also been a member of the shareholder committee and Supervisory Board of CLAAS KG, a leading global manufacturer of agricultural machinery.
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IATA and AZANS, the Air Navigation Service Provider of Azerbaijan, have agreed to develop and implement an Azerbaijan National Airspace Strategy (NAS).
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AZANS and IATA will strengthen their existing cooperation for this initiative, which is aimed at delivering benefits to the travelling public, while supporting national economic growth and the competitiveness of the Azerbaijan aviation sector and the global sustainability goals of air transport.
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Passenger demand for air transport in Azerbaijan is set to increase some 80% over the next two decades. Air traffic movements are also set to grow rapidly. Azerbaijan has seen particular growth in traffic which is no longer using Russian airspace. Servicing this demand, while ensuring safety and managing costs, and reducing CO2 emissions and delays, requires Azerbaijan to further modernise its airspace and Air Traffic Management (ATM) network.
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The main aspects of the strategy cover leadership and a collaborative stakeholder approach, airspace management and technical modernisation of the ATM system. AZANS and IATA have committed to work together and with all aviation stakeholders, including the government and regulatory authorities, to deliver and implement the NAS.
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"Azerbaijan is a growing economy which also occupies a key geographic position. It can expect to handle increasing amounts of traffic in the coming years, and it has an important role in enhancing capacity and efficiency for transcontinental traffic. Aviation is committed to achieving net-zero CO2 emissions by 2050 and airspace efficiencies can play a significant part in that. The commitment to building a National Airspace Strategy is a concrete sign of Azerbaijan fulfilling a strategic leadership role. We congratulate AZANS for its vision, and look forward to working with them to make airspace modernization a success,” said Rafael Schvartzman, IATA’s Regional Vice President for Europe.
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As a result of engineers working on a railway line extension in Frankfurt, Germany for Deutsche Bahn, the German railway, a Deutsche Telekom fibre-optic cable was cut through by a drill and Lufthansa’s IT system crashed as a consequence. This resulted in over 200 flights being cancelled on Wednesday morning and thousands of passengers delayed as check-in and boarding systems at Lufthansa seized up, while German air traffic control suspended incoming flights.
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In addition to the 200 cancelled flights, as of around midday Wednesday, local time, approximately 125 flights had also been delayed. In a tweet, Lufthansa said: "As of this morning the airlines of the Lufthansa Group are affected by an IT outage, caused by construction work in the Frankfurt region."
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In a statement, Deutsche Telekom said: "Two cables have already been repaired overnight by our technical team and many customers are already back online," adding that the situation was continuously improving.
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The IT system failure comes two days ahead of planned strikes at seven German airports that have been expected to create major disruptions, including potentially at the Munich Security Conference where world leaders are due to gather. Frankfurt is a vital international transit hub and one of Europe's biggest airports.
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GKN Aerospace has launched an 80,000-ft² expansion of its Chihuahua, Mexico facility to meet future demands for advanced, complex composite manufacturing and assembly for the business jet industry. The expansion is expected to be completed by the end of 2023 and to create 100 new jobs. The move further strengthens GKN Aerospace’s footprint in Mexico and will support its partnerships and growth strategy alongside multiple leading business aviation customers.
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Mauricio Herrera Murillo, Site Director, GKN Aerospace, Chihuahua said: “We are proud to partner with the government of Chihuahua on this project, which will not only support GKN Aerospace’s growth strategy, but create jobs and prosperity in the local aerospace supply base. We look forward to completing this project and filling these new roles throughout 2023.”
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The Chihuahua facility currently supplies advanced composite and metal structures, special processes and engineering services for leading aerospace customers including Airbus, Gulfstream, and Honda Jet.
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GKN Aerospace operates three facilities in Mexico, delivering advanced composite structures, machined engine components and special processes for the civil and business aerospace markets in the United States and Europe. With this latest expansion, GKN Aerospace will further strengthen its business jet business to support future growth in the industry.
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Airbus has reported that consolidated revenues increased 13% to € 58.8 billion (2021: € 52.1 billion). A total of 661 commercial aircraft were delivered (2021: 611 aircraft), comprising 53 A220s, 516 A320 family, 32 A330sand 60 A350s. Revenues generated by Airbus’ commercial aircraft activities increased 15% year-on-year, mainly reflecting the higher deliveries and the strengthening of the U.S. dollar. Airbus Helicopters delivered 344 units (2021: 338 units), with revenues rising by 8%, mainly reflecting growth in services and a favourable mix in programmes. Revenues at Airbus Defence and Space increased 11%, mainly driven by higher volume in Military Aircraft and Eurodrone. A total of ten A400M airlifters were delivered in 2022, compared to eight in 2021.
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Consolidated EBIT Adjusted increased to € 5,627 million (2021: € 4,865 million).
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EBIT Adjusted related to Airbus’ commercial aircraft activities increased to € 4,600 million (2021: € 3,570 million). The increase reflects the higher deliveries and is supported by some non-recurring elements – mainly the positive impacts from retirement obligations and from the progress made on compliance related topics – partly offset by a less favourable hedge rate compared to FY 2021.
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On the A320-family programme, the ramp-up trajectory has been adapted with suppliers. The company is now progressing towards a monthly production rate of 65 aircraft by the end of 2024 and 75 in 2026. Entry-into-service for the A321XLR is expected to take place in Q2 2024.
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The A330 monthly production rate increased to around three at the end of 2022 as planned and the company now targets to reach rate four in 2024. The A350 monthly rate is now around six aircraft. In order to meet growing demand for wide-body aircraft as international air travel recovers, and following a feasibility study with the supply chain, the company is now targeting a monthly production rate of nine A350s at the end of 2025.
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Airbus Helicopters’ EBIT Adjusted increased to € 639 million (2021: € 535 million), reflecting higher services and programme execution. Non-recurring elements included the positive impact related to retirement obligations booked in Q1.
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Binter Canarias and Embraer have signed a contract to adopt the Beacon digital platform for its E195-E2 fleet maintenance. Binter's decision came after successful testing of the coordination platform that connects resources and professionals for the quickest return of aircraft to service. Beacon is an agnostic platform, that serves aircraft from all manufacturers.
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This is Beacon's first commercial contract with a European airline, which shows that the digital platform continues to expand its presence in this market, serving a growing number of aircraft and locations.
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“As the flagship of the Canary Islands, Binter serves travellers who require comfort and timely, uninterrupted service. They face a unique challenge in maintenance coordination with a distributed workforce. Through its trials, Binter has confirmed the benefits of real-time collaboration and insights facilitated by Beacon. We expect this will be the first of many successful leaps forward as Beacon clients keep flying”, said Marco Cesarino, Head of Beacon.
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“We began our Beacon platform trials with high expectations that it would improve aircraft availability and workforce allocation. Beacon has proven to be an important resource for our maintenance teams, and we are glad to move forward to a commercial contract,” said Javier Bretón, Director of Operations for Binter.
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Israel Aerospace Industries (IAI) and Navratna Defence PSU Bharat Electronics Limited (BEL), a leading manufacturer of defence electronic products and systems for India’s defence sector, have concluded the agreements to form a joint venture that will extend product support services for India’s Defence Forces. The announcement was made during the Aero India 2023 being held at Bengaluru, India and an agreement has been signed by BEL and IAI in this regard on February 14.
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The partnership is another significant step in the relationship between the two companies that have a long history of association. The two companies are engaging in several joint programs that will be delivered to Indian Defence Forces.
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The new joint venture is being established for providing life cycle support services for MRSAM air-defence systems in the country. The new venture will have its headquarters in New Delhi, India and will provide the required technical and maintenance support to Indian Armed Forces, including the Air Force, Navy and Army.
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