The German aircraft engine maker MTU Aero Engines said it now expected more profit than previously forecast for 2016 after reporting an 18 per cent jump in earnings in the third quarter, boosted by its maintenance business. MTU Aero, whose customers include Airbus and Boeing, said on Tuesday it now saw adjusted earnings before interest and tax (ebit) coming to about €500 million (Dh1.97 bi...
The 2014 crash of former CEO of the French Total oil and gas company Christophe de Margerie's business jet in Moscow was caused by a combination of various reasons, including lack of supervision from the airdrome service shift supervisor, the Interstate Aviation Committee (IAC, also known as MAK) said in a statement Tuesday. On October 20, the IAC reported that it had completed the investig...
In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3 million (1-9/2015: €3,257.0 million). The group’s operating profit increased by 18% to €393.8 million (1-9/2015: €333.1 million), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4 million (1-9/2015: €231...
A Heathrow spokesperson said: “We welcome the news that Heathrow is the Government’s preferred site for a new runway and look forward to hearing the full details later from the Transport Secretary. “Expansion of Heathrow is the only option that will connect all the UK to global growth, helping to build a stronger and fairer economy. “We await the full details...
EAD Aerospace, an Eclipse company, has delivered its first Honeywell JetWave STC for an A319 VIP project in partnership with a leading European MRO for an undisclosed final customer in the Middle East. The brand new aircraft was outfitted with a bespoke VIP interior and some of the latest technologies, including the fully operational Honeywell JetWave Ka-band system. The solution provided is ba...
Global Eagle Entertainment announced a strategic, multiyear content service agreement with Qatar Airways. GEE will provide a suite of core inflight entertainment (IFE) content services, including movies, music, TV and audio on in-cabin and seatback systems aboard 164 of Qatar Airways' commercial airliners, 8 Qatar Amiri charter aircraft and 12 Qatar Executive business jets....
Jet Aviation was twice honored at the tenth annual Middle East Aviation Business Awards ceremony recently held at the Conrad Hotel in Dubai, UAE. The company’s FBO at Dubai International Airport won the 2016 FBO of the Year Award, while its Dubai MRO facility was shortlisted in the MRO Service Provider of the Year (International) category. Organized by magazine publisher ITP Business...
Fractional ownership pioneer NetJets is establishing a new division that it says will provide objective, expert support for clients wanting to buy or sell whole aircraft. QS Partners will tap the extensive in-house expertise of its parent company, while insisting that the new venture is not expressly intended as a vehicle to steer business to its fractional, charter and aircraft manageme...
A Swearingen SA227-AT Expediter, registered N577MX, was destroyed after impacting terrain during takeoff from Malta-Luqa Airport. All five crew members sustained fatal injuries. The aircraft took off from runway 13 and lost height in right hand turn and impacted terrain just past the airport perimeter fence and burst into flames. The Expediter operated on a surveillance operation for the F...
Emirates has completed a major makeover of its Business Class lounge at Concourse B of Dubai International Airport. The US$11 million refurbishment project took two years to complete and is part of the airline's continuous investment to improve and upgrade its products for a seamless and enjoyable travel experience. Emirates’ premium customers can enjoy the lounge experience with thre...
Russian Helicopters company will construct a center to train pilots of Russian Mi-171Sh helicopters for Peru Army by 2017 year-end, the Russian company told TASS on Monday. "Construction of a helicopter simulation center in Lima will start shortly after completion of required formalities by the Peruvian party. Russian Helicopters plan to complete building of the center in the second half o...
The Indian Defence Minister, Mr. Manohar Parrikar inaugurated Helicopter Engines MRO Pvt. Limited (HE-MRO), a Joint Venture of Safran and Hindustan Aeronautics Ltd. (HAL), yesterday in Goa, southwest India. This Joint Venture will support helicopter engines operated by national and international operators from a 1,000 sqm office and a 3,800 sqm shop facility. This new centre will provide mainte...
