FL Technics posts full year financial results

MRO specialists FL Technics has said its revenue reached €119 million in 2018, up 14% from €103 million experienced in 2017. The firm has also reached net profit of €10.8 million – up from €5.7 million last year. Zilvinas Lapinskas, CEO at FL Technics, said: “Persistence, LEAN implementation in our…

Ryanair signs pilot training software partnership with CEFA Aviation

Ryanair has announced a six-year deal with CEFA Aviation, which provides flight safety and pilot training software and services. The deal is said to provide world first cloud-based mobile service CEFA aviation mobile services (AMS) for Ryanair’s pilot training programmes. With this new partnership, the company says it will become…

Industry leaders join together for Dublin Aviation Summit

Worldwide leaders in the areas of aviation leasing and MRO gathered together for talks, exhibitions and networking opportunities at Airline Economics’ Dublin Aviation Summit. Lasting for three days, the Dublin Aviation Summit, began with a golf tournament at the K Club, supported by ACS, which was won by John Keegan of CFM…

Wizz Air introduces Comply 365 to speed up documentation process

Wizz Air is transforming its content authoring process for both company and operating manuals by adding Comply365’s end-to-end content management and distribution platform. The company says its needed an innovative way to speed up its documentation process to support its rapid growth plans. Wizz Air flies under two air operator…

Bombardier establishes Dubai new line maintenance station

Bombardier has signed an agreement with Jetex for the establishment of a new line maintenance station in Dubai, UAE. The group believes this will further complement the tip-to-tail maintenance services provided by Bombardier’s service and support network in the Middle East and around the globe. The new line maintenance station…

Honeywell updates investors

Honeywell recently hosted its annual investor day at its US headquarters in Morris Plains, New Jersey, which focused on driving organic growth acceleration, continuous margin expansion and cash flow improvement. In the latest equity research by Jeffries, it is reported that Honeywell expects mid-to-high single digit growth from China with up…

Embraer reports $42.5 million loss in Q1 2019

Embraer has reported a loss of $42.5 million in its first quarter 2019 financial results. Adjusted net loss for the group’s first three months of 2019 was $61.8 million, an increase from the adjusted net loss reported in the same period last year of $60.5 million. The manufacturer posted revenue of…

ST Engineering posts 4% revenue rise in Q1 2019

ST Engineering Aerospace has posted S$623 million (approximately $448 million) total revenue for the first three months of 2019 –  a 4% rise from the same period last year. Increases in revenue from component and engine overhauls, as well as engineering and materials services businesses, has led to the revenue…

Embraer delivers 22 jets in Q1 2019

Embraer has delivered a total of 22 jets in the first quarter of 2019, of which 11 were commercial aircraft and 11 were executive jets, including eight light and three large. As of March 31, the firm order backlog totalled $16 billion. In the first quarter of 2019, Embraer delivered the…

Rolls-Royce gains Trent XWB order from Fiji Airways

Rolls-Royce has signed an agreement with Fiji Airways to power two Airbus A350 XWB aircraft. The group will also provide its TotalCare long-term services. Rolls-Royce TotalCare is a long-term services agreement, under which Rolls-Royce takes responsibility for engine maintenance. Ewen McDonald, Rolls-Royce, senior vice president, customers – Asia Pacific, said: “I…

Spirit Aerosystems to halt increased production of 737 Max aircraft

Spirit Aerosystems has announced that it will maintain its current delivery rate on the Boeing 737 program of 52 shipsets per month. This follows Boeing’s announcement that it will reduce its own production rate of the aircraft to 42 aircraft per month. “Previously, we had planned to increase production to…

Air Arabia selects AMOS as its new MRO software

Air Arabia has chosen Swiss-AS AMOS as its new MRO software. Air Arabia has opted for the AMOS Airline-MRO Edition, which provides all the functions needed to cover the entire spectrum of the carrier’s maintenance operations efficiently.