The crisis in the aviation industry brought on by the coronavirus pandemic has hit Lufthansa Technik AG hard. In fiscal year 2020, revenue* plummeted by 43% year-on-year to €3,747 million (prior year: €6,572 million). Adjusted EBIT dropped well into the red to €-383 million (prior year: €463 million). In the second quarter of 2020, the pandemic led to a temporary suspension...
Volocopter announced the signing of their Series D funding round today, raising €200 million in additional capital. Cumulatively, Volocopter has raised €322 million. The funding will be used to solidify Volocopter’s leading position in the UAM market by bringing the VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first...
TECNAM announces their partnership with Air Alliance to market its ultimate twin engine Tecnam P2012 series for the sales territories in Germany and Austria. Air Alliance, in business since 1993, is a large group offering different aviation services: sales, charters, maintenance and flight training. The P2012 will be the first turbocharged twin piston aircraft in the Air Alliance portfol...
ALSIM is thrilled to announce the sale of an ALSR20 to IFR-Flugschule, based in Germany. Their ongoing cooperation with a Cirrus Training Center has led the ATO to choose the brand new ALSIM’s simulator. The ALSR20 is the latest device manufactured by ALSIM and is the exact replica of the Cirrus SR20 aircraft. This Flight Training Procedure Trainer (FNTP 2) is specifically designed for PP...
MTU Aero Engines presented its preliminary figures for 2020: Revenue was €3,977 million, compared with €4,628 million in 2019. The operating profit1 was €416 million (2019: €757 million) and the EBIT margin was 10.5% (2019: 16.4%). Net income2 was €294 million in 2020, compared with €538 million in 2019. “Our swift and decisive action in the face of...
Wingcopter has joined forces with the Flying Labs Network as a Technology Partner. The goal of the partnership is to improve supply chains through locally led cargo drone projects and to equip local talent with the skills to operate Wingcopter’s unmanned systems in long range drone applications, including beyond visual line of sight. The Flying Labs Network strengthens local expertise i...
Recaro Aircraft Seating has signed an extension contract with Airbus for the delivery of SWIFT economy class seats. Since 2016, the premium seat provider has been equipping Airbus A320 Family aircraft with predefined economy class seats BL3530. This contract extension aims to enlarge the supplier furnished equipment (SFE) c...
DC Aviation is launching its new cutting-edge wheel shop at its Maintenance Center at Stuttgart airport, offering its customers even more comprehensive services. These will now include repair and maintenance of main landing gear wheels and nose gear wheels. In the near future, DC Aviation will be in a position to perform maintenance work in the new wheel shop on the wheels of larger business jets....
The airport association ACI World has presented Munich Airport with an certificate for its commitment to preventing the further spread of the COVID-19 pandemic. The “ACI Airport Health certificate” confirms Munich Airport’s successful implementation of effective health and safety measures in accordance with the recommendations of the ICAO Council’s Aviation Recovery Task Fo...
On February 1, 2021, Lufthansa will be departing on the longest passenger flight in the history of its company, marking one of the most unique flights the airline has ever carried out. On behalf of the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI) in Bremerhaven, the Lufthansa Group's most sustainable aircraft, an Airbus A350-900, will be flying 13,700 kilomete...
Last year DRF Luftrettung performed 662 coronavirus missions, with 330 patients transported by air. Their EpiShuttles play an important role in their comprehensive hygiene concept and are investments in the safety and health of both patients and crew. 2020 turned out exceptionally busy for German DRF Luftrettung, one of the largest air rescue organizations in Europe. To be...
Wingcopter, the German developer, manufacturer and operator of unmanned delivery drones for commercial and humanitarian applications, has secured $22 million in Series A funding. Wingcopter will use the funds to strengthen its leadership in drone-based logistics, with a special focus on healthcare-related applications, including the distribution of COVID-19 vaccines. At the same time, Wingcopter i...
