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.
MTU Aero Engines Reports $7.8B Revenue, $798M Profit in 2024
MTU Aero Engines (Germany) has released its 2024 financial results, showing an 18% increase in adjusted revenue to $7.8 billion, fueled by robust demand in commercial and military aviation sectors. The company also reported a 29% rise in net income, reaching $798 million, reflecting higher engine deliveries and aftermarket services growth.
Eurowings Appoints Irina Haselmann as Managing Director of Eurowings Holidays
Eurowings (Germany) has announced the appointment of Irina Haselmann as managing director of its newly launched tour operator, Eurowings Holidays. This move aligns with the airline’s strategic expansion into the travel and tourism sector, offering customers comprehensive holiday packages.
Airlines | Boeing | Flag Carrier | Fleet
Lufthansa Confirmed as Boeing 777-9 Launch Operator with Deliveries Starting in 2026
Lufthansa, Germany’s flagship carrier, has been officially designated as the launch operator for the Boeing 777-9, with the initial aircraft deliveries anticipated in 2026. This development marks a significant milestone in Lufthansa’s fleet modernization efforts, aiming to enhance efficiency and passenger experience on long-haul routes.
Lufthansa Acquires 10% Convertible Stake in airBaltic
Lufthansa Group has signed an agreement to acquire a 10% convertible share in airBaltic for a subscription price of €14 million. This strategic move grants Lufthansa a seat on airBaltic’s Board and positions the group for future equity participation in the Latvian carrier.
Nord/LB Global Head Aviation Frank Wulf to Step Down
Frank Wulf, the Global Head of Aviation at Nord/LB (Germany), has announced his decision to step down from his role and exit the aviation finance sector, effective January 31, 2025. Citing personal reasons, Wulf will conclude his tenure after a long-standing career in aviation finance.
MTU Aero Engines Appoints Katja Garcia Vila as New CFO
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 Rebrands to Lilium Aerospace After Rescue by Mobile Uplift
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 and LOT Expand MRO Partnership for LEAP-1B Engines
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.
Lufthansa CEO Highlights Progress in Restructuring Efforts
Lufthansa, Germany’s flagship carrier, is making strides in its efforts to return to profitability, according to CEO Jens Ritter. While the initial success of the airline’s restructuring plan is promising, Ritter acknowledges that there is still work to be done to achieve sustained financial recovery.