MRO News Archive

Maintenance, repair and overhaul news from around the world

Zone: Europe

Lufthansa Technik books €1.5bn revenue in first quarter

Lufthansa Technik has increased earnings (adjusted EBIT) by five percent to €135.2 million in the first quarter compared to the same period last  year. The MRO firm increased its revenue by more than 15% to €1.5bn . The targets for the full year are correspondingly...

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UK to get air traffic boost from upcoming coronation

The coronation of King Charles III looks set to add up to 11% to UK passenger traffic, according to numbers collated by Cirium, an aviation data analytics company. The week preceding the event on May 6 should see 18,881 flights land at UK airports, according to...

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Cargojet reports revenue fall in Q1 2023

Cargojet reported C$231.9 (US$ 170.5) million revenue in first quarter 2023 (Q1 2023) revenue, down on the C$233.6 million for 2022. Gross margin for the quarter was C$45.5 million compared to Q1 2022's C$66.9 million, with adjusted EBITDA at C$75 million compared to...

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Swissport extends Morocco arrangement with Air Arabia

Swissport has announced the renewal of its ramp-handling and passenger services tie-up with Air Arabia in Morocco. Swissport  said the renewal came after it had been "successfully serving" the airline in Morocco for over ten years. The deal started with five Moroccan...

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Bristol Airport announces resumption of Cork route

Emerald Airlines has restarted flights between Bristol and Cork, Bristol Airport announced on May 2. The six flights a week will add to connections between the south of Ireland and the south-west of England and will complement the route connecting Bristol and...

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Cargolux reports record revenue for 2022

Cargolux Group reported record $5.1bn revenue in 2022 and profit of $1.6bn, a 21&% increase compared to the year before. Cargolux said that “strong yields and high volumes” during H1 2022 were key to the company’s strong financial performance, which saw revenue up...

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H2FLY announces hydrogen fuel test breakthrough

H2FLY said it has for the first time successfully completed liquid hydrogen on-ground coupling tests with its HY4 aircraft. The effort came as part of the HEAVEN project, run by a consortium of six companies to demonstrate the feasibility of using liquid cryogenic...

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