MTU Aero Engines Extends COO Silke Maurer’s Contract
Germany-based MTU Aero Engines has announced the extension of Chief Operating Officer (COO) Silke Maurer‘s contract for an additional five years, now valid through the end of January 2031.
Aircraft | Corporation | Embraer | Financial | Manufacturers
Embraer Share Buyback Program 2025
Brazilian aircraft manufacturer Embraer has approved a share buyback program targeting its own issued shares, with plans to acquire up to 1.0 million shares within a 12-month period ending March 2026.
CALC 2024 Financial Results
CALC (China Aircraft Leasing Group Holdings Ltd), based in Hong Kong, reported impressive financial results for 2024, demonstrating significant growth with total revenue increasing by 9.2% to US$669.5 million and profit attributable to shareholders rising dramatically by 809% to US$33.1 million.
Airlines | Boeing | CFM International | Corporation | Maintenance | MRO | Partnership
MTU Maintenance Zhuhai Secures ANA Engine MRO Contract
MTU Maintenance Zhuhai (China) has entered into a maintenance, repair, and overhaul (MRO) agreement with All Nippon Airways (ANA) (Japan) for the CFM56-7B engines that power its fleet of 47 Boeing 737 Next Generation aircraft. The partnership further strengthens MTU’s presence in the Asian aviation market, reinforcing its expertise in engine MRO services.
Joby Aviation and Virgin Atlantic Partner to Launch Air Taxi Service in the UK
Joby Aviation (US) has announced a strategic partnership with Virgin Atlantic (UK) to introduce an air taxi service in the UK, marking a significant milestone in urban air mobility. This collaboration aims to redefine regional and city-based transportation with electric vertical takeoff and landing (eVTOL) aircraft.
Airlines | Corporation | Sale
Hanjin Group Confirms Air Busan Will Not Be Sold Separately
Hanjin Group Chairman Cho Won-tae has officially stated that Air Busan (South Korea) will not be sold as a separate entity, reinforcing the group’s commitment to maintaining its aviation portfolio. Amid speculation about potential restructuring or divestment, Cho’s remarks affirm that Air Busan will remain under Hanjin Group’s control, ensuring stability for the airline.
MTU Maintenance Zhuhai Jinwan Begins Operations, Specializing in PW1100G-JM Engines
MTU Maintenance Zhuhai Jinwan (China) has officially launched operations, marking a significant expansion of MTU’s global MRO capabilities. The facility specializes in Pratt & Whitney PW1100G-JM engine maintenance, supporting the growing demand for GTF (Geared Turbofan) engine services.
Airbus | Airlines | CFM International | Corporation | Maintenance | MRO
AAR Secures Multi-Year Nacelle MRO Agreement with Cebu Pacific
AAR (US) has signed a multi-year nacelle maintenance, repair, and overhaul (MRO) agreement with Cebu Pacific Air (Philippines) to support the airline’s Airbus A320 fleet, powered by CFM56-5B engines. The contract will see AAR performing nacelle MRO services at its Chonburi, Thailand facility, reinforcing its commitment to expanding support for Asia-Pacific carriers.
BOC Aviation Reports $924 Million Profit in 2024 with Revenue Up 4%
BOC Aviation (Singapore) has announced its 2024 financial results, reporting total revenues and other income of $2.6 billion, reflecting a 4% year-on-year increase. The company’s net profit after tax surged 20.9% to $924 million, demonstrating strong financial performance and leasing demand. Additionally, BOC Aviation maintained a robust liquidity position of $6.5 billion, reinforcing its financial stability and investment capacity.
Aircraft | Boeing | Corporation | Manufacturers | Rating
Fitch Ratings Highlights Boeing’s Progress in Production Recovery and Financial Management
Fitch Ratings (US) has reported that Boeing is making early progress in resuming production, following recent challenges, while also working to reduce legacy inventory and improve supply chain management. These developments are seen as critical factors in Boeing’s long-term operational and financial recovery.