MTU Aero Engines, a leading German manufacturer of aircraft engines, has announced the appointment of Katja Garcia Vila as its new Chief Financial Officer (CFO). She will replace Peter Kameritsch, who has concluded his contract with the company.
Lilium, the German-based developer of electric vertical take-off and landing (eVTOL) aircraft, has officially rebranded as Lilium Aerospace. This transformation follows a financial rescue by the Mobile Uplift Corporation, a German investment consortium committed to revitalizing the company’s future.
Lufthansa Technik, a leading MRO provider based in Germany, and LOT Polish Airlines are strengthening their partnership through an expanded cooperation agreement. The latest collaboration focuses on MRO services for LEAP-1B engines, which power LOT’s Boeing 737 MAX fleet.
AviaAM Leasing, a Lithuania-based aircraft leasing company, has announced the successful sale of a Boeing 737-800 to a US-based partner. This transaction is part of the lessor’s impressive 2024 portfolio, which saw the completion of 39 projects, including 18 acquisitions, 17 sales, and 4 leases.
Spirit AeroSystems, a leading U.S. aerospace manufacturer, and Boeing have agreed to amend a prior memorandum of agreement (MOA) dated April 2024. The updated terms will postpone Spirit’s repayment of advances to Boeing until 2026, providing Spirit with additional financial flexibility.
GE Aerospace, a leading U.S.-based aviation technology provider, has reported robust growth in its fourth-quarter 2024performance, showcasing significant increases in orders, revenue, and profit. The company’s total orders rose by 46% to $15.5 billion, driven by strong demand for its advanced aviation products and services.
Boeing, a global leader in aerospace manufacturing, has announced its projected financial results for the fourth quarter of 2024, highlighting revenue of $15.2 billion. Despite significant revenue generation, the company anticipates a GAAP loss per share of ($5.46) and a negative operating cash flow of ($3.5) billion.
Pratt & Whitney, a leading aerospace manufacturer based in the United States, has announced plans to establish a European Technology and Innovation Center in the Netherlands. The center is dedicated to developing cutting-edge technologies aimed at advancing energy efficiency and sustainable aviation.
HAECO, a global provider of aircraft engineering and maintenance services based in Hong Kong, has entered into a new agreement with PAL Express, the low-cost carrier of Philippine Airlines, to provide base maintenance services for its narrowbody fleet of Airbus A320 and A321 aircraft. The agreement will commence in 2025, further solidifying HAECO’s presence in the Asia-Pacific region.
FL Technics Indonesia, a leading provider of aircraft maintenance services in the Asia-Pacific region, has achieved a significant milestone by obtaining certification from the Civil Aviation Safety Authority (CASA) of Australia. This certification enables the company to provide maintenance services in compliance with Australian aviation standards.
