by Dino D'Amore | Mar 26, 2019 | Maintenance, Zone: Europe
S7 Technics has commenced work under a five-year maintenance, repair and overhaul (MRO) contract signed with Kazakhstan flag carrier Air Astana. Russia’s leading aircraft maintenance service provider won the open tender for the contract in the summer of 2018. Under...
by Dino D'Amore | Mar 26, 2019 | Maintenance, Zone: Europe
Lufthansa Technik sales revenues climbed by more than €500 million, surging from €5.404 billion to €5.918 billion, an increase of 9.5% above the previous year’s total. The company generated adjusted EBIT of €425 million (previous year: €415 million), an increase of...
by Dino D'Amore | Mar 26, 2019 | Maintenance, Zone: Europe
Lufthansa Technik has set up AVIATION DataHub, an independent platform for all data generated by aviation. With this decision, Lufthansa Technik has taken an important step in the digitalization of the maintenance, repair and overhaul business (MRO) and the...
by Dino D'Amore | Mar 26, 2019 | Technology, Zone: Europe
Rolls-Royce’s biggest investor, ValueAct Capital, has reduced its stake in the aero-engine manufacturer to 9.48% from 10.94%. In its annual report, published March 25, Rolls-Royce chairman, Ian Davis, expressed his regret at the setbacks experienced in 2018, primarily...
by Dino D'Amore | Mar 25, 2019 | Maintenance, Zone: Europe
MTU Maintenance secured around $4.4 billion in MRO contract wins during 2018, surpassing the 4 billion mark for the first time in its history. Over 300 contracts were signed in 2018, of which 46 were with new engine MRO customers. “We are delighted with MTU...
