France, Germany and Spain to develop next-generation fighter jet prototype

It has been announced on Thursday that France and Germany have signed a €150 million deal to develop a next-generation fighter jet, with Dassault Aviation and Airbus building the aircraft. The intention is for the jet to be ready by 2040 with a view to replacing the current Dassault Rafale and German Eurofighter. “This is a very ambitious project between France, Germany and joined by Spain,” French Armed Forces Minister Florence Parly told reporters after a signing ceremony, adding that: “It will enable our nations to face the threats and challenges in the second half of the 21st century … Read more

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Turkish Airlines adds Vancouver to North-American destinations

Turkish Airlines ©AirTeamImages

Vancouver is officially the third Canadian destination for global airliner, Turkish Airlines. Starting June 9, 2020, the airline is offering three flights a week into and out of Vancouver International Airport. Already operating nine weekly flights to Canada; six to Toronto and three to Montreal, the flag carrier airline will increase that number to 12 with its new Vancouver flights. Turkish Airlines’ Toronto operations began in 2009, and expanded to Montreal in 2014. Roundtrip flights to Vancouver will be serviced with the B787-900 Dreamliner aircraft with 30 Business and 270 Economy seat capacity.

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Wells Fargo supports refinancing of AJ Walter Aviation

AJ Walter Aviation, part of the AJW Group (AJW), has closed a US$70m senior secured credit facility with Wells Fargo Capital Finance (UK) – part of Wells Fargo & Company – as lead bank and Shawbrook Bank (Shawbrook) as participant. Proceeds of the five-year facility will be used to support spare parts acquisitions to meet existing customer demand and fuel AJW’s steady growth. Working with Shawbrook on this credit facility, Wells Fargo acted as arranger and agent. AJW was advised by EY Corporate Finance and by Vedder Price.

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Liebherr-Aerospace signs landing gear overhaul agreement with Great Dane Airlines

©Liebherr-Aerospace and Great Dane Airlines after the contract signing

Liebherr-Aerospace has signed a landing gear overhaul agreement with Great Dane Airlines, for the overhaul of the Danish airline’s Embraer E195 fleet. Startup airline Great Dane Airlines was founded in 2018 and began services in mid-2019. Last year has been quite successful for the Original Equipment Manufacturer (OEM) as it was able to include in its order book several landing gear system overhaul contracts for E-Jet E1 aircraft from operators all over the world.

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Royal Aero inducts first GE90-115B engine for teardown

Royal Aero has inducted its first GE90-115B engine for teardown, with the first overhauled parts being available by the end of March.   Supporting the much loved-B777 fleet, with an extended life due to new cargo conversion programs, Royal Aero has forecast a solid demand for engine material on this engine type for many years.

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ATP Flight School opens airline pilot training center in San Antonio, Texas

©ATP Flight School

ATP Flight School’s newest Texas training center will open March 2, 2020, at the San Antonio International Airport. Part of a nationwide network of 40 locations, this new facility is ATP’s seventh in the state, including operations in Austin, Dallas and Houston. The new San Antonio training center will be solely focused on the development of future airline pilots, which ATP has specialized in for over 35 years. Starting from zero experience, students at the San Antonio location can earn their pilot certification in just nine months through the Airline Career Pilot Program. This airline career solution provides aspiring pilots Read more

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High fuel costs weigh on Air France-KLM’s fiscal year 2019 results

In the full-year 2019, the Air France-KLM Group has posted an operating result of €1,141 million, down by 18.8% compared to last year, impacted by a challenging trading environment and a higher fuel bill. Net income amounted to €290 million in 2019, a decrease of €130 million compared to last year. The fuel bill, including hedging, stood at €5,511 million in 2019, up €550 million. This increase is mainly explained by a hedging gain of €50 million this year, compared to a hedging gain of €650 million last year. Currencies had a positive €367 million impact on revenues and a Read more

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Qantas Group delivers strong performance in first half of full-year 2020


The Qantas Group continued to deliver strong earnings in a mixed market in the first half of full-year 2020 (FY20), with an underlying profit before tax of AU$771 million and a statutory profit before tax of AU$648 million. The underlying result was AU$4 million less than the same period last year – despite AU$51 million in higher foreign exchange related cost impacts, a AU$68 million impact from global freight weakness and disruption in Hong Kong, and a AU$55 million increase in operating costs from the sale of domestic airport terminals. The Qantas Group has taken immediate action in response to Read more

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SWISS takes delivery of first A320neo

SWISS A320neo taking off at Airbus Hamburg ©Airbus

Swiss International Air Lines (SWISS) has taken delivery of its first A320neo aircraft at a delivery ceremony in Hamburg, Germany. It is the first of 25 A320neo Family aircraft ordered by Swiss International Air Lines. SWISS has chosen Pratt & Whitney GTF™ engines to power its new aircraft. The A320neo Family incorporates the very latest technologies including new-generation engines, Sharklets and cabin efficiency enablers which, combined, deliver 20% fuel savings. With more than 7,300 orders received from over 110 customers since its launch in 2010, the A320neo Family has captured some 60% share of the market.

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MTU Aero Engines posts full-year 2019 net income of €537.6 million

MTU Aero Engines AG had another record year: revenue in 2019 reached a new high of €4,628.4 million (2018: €4,567.1 million). Operating profit came in at €756.9 million, surpassing the previous high of €671.4 million in 2018 by 13%. The EBIT margin rose from 14.7% to 16.4%. Net income increased by 12%, from €479.1 million to €537.6 million. The order backlog at MTU in 2019 was 13% higher than in the previous year, at €19.8 billion (2018: €17.6 billion). This is equivalent to a full capacity utilization of just over four years. Earnings in 2019 rose significantly, particularly in the Read more

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