In the first nine months of 2019, MTU Aero Engines generated revenues of € 3,403.7 million, up 3 % on the previous year (1-9/2018 € 3,318.7 million). The group’s operating profit increased by 10 % from € 508.9 million to € 557.7 million. The EBIT margin rose from 15.3 % to 16.4 %. Net income […]
Elbit Systems Ltd. the international high technology company, reported its consolidated results for the quarter ended March 31, 2019. Revenues in the first quarter of 2019 were $1,021.7 million, as compared to $818.5 million in the first quarter of 2018. The strong growth was mainly driven by the consolidation of IMI and Universal performance in the […]
Avia Solutions Group, the largest aviation services and solutions company group from Central & Eastern Europe, earned €420 million in consolidated revenue in 2018, a 25% increase from the year before (€337 million). Avia Solutions Group consolidated net profit increased by 96% to €14.05 million (€7.1 million in 2017). „The 2018 was another successful year […]
The business year 2018 was an exceptionally successful one for Pilatus, but also a challenging one. At around 1.1 billion Swiss francs, sales revenue was brought back to the billion mark again. The 128 aircraft delivered in total included the first PC-24 – a milestone in the company history. All in all, 18 PC-24s were […]
RUAG has announced new financial figures showing that new orders and order backlog have reached record highs, while profitability has been adversely affected by special costs. Against record sales of CHF 1,998 million (+2.2%) and new orders at a record CHF 2,221 million (+13.3%), EBIT stands at CHF 106 million (-10.8 %) and profitability at […]
JETNET LLC, the world leader in aviation market intelligence, will present a briefing by JETNET iQ on the state of business aviation in Europe at EBACE2019 at the Geneva Palexpo in Geneva, Switzerland. At the briefing, which is free for attendees, JETNET iQ Creator and Director Rolland Vincent and JETNET Vice President of Sales Paul […]
MTU Maintenance once again broke records in 2018. The MRO division of MTU Aero Engines AG secured around 4.4 billion US dollars in MRO contract wins, 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 […]
Conklin & de Decker, a JSSI company and leader in aviation research, consulting and education, has introduced the latest version of its aircraft comparison tool, the Conklin & de Decker Report, to the helicopter industry at HAI Heli-Expo 2019 in Atlanta. The updated online report and mobile app offer new features to helicopter owners and […]
MTU Aero Engines AG once again set new records in the financial year 2018. Revenues increased by 17 % from € 3,897.4 million in 2017 to a new high of € 4,567.1 million. The group’s operating profit[1] reached a new record level of € 671.4 million, similarly beating the previous year’s result by 17 % […]
The aviation industry’s transformative inflight internet provider, SmartSky Networks, announces the closing of a total of $104M in funding, including $75 million in debt commitments from funds managed by the Global Credit team at BlackRock and equity investments by private equity firms Tiger Infrastructure, WP Global, Platform Partners, and Meritage Investors. The funds will be […]
