Low-cost airline Norwegian Air Shuttle posted on Thursday a larger than expected quarterly loss due to rising fuel prices, a strong local currency and calendar effects. The third largest low-cost carrier in Europe after Ryanair and Easyjet lost nearly 1.5 billion kroner (158.5 million euros, nearly $173 million) in the first quarter after losing 800 million kroner a year earlier.Its share price promptly dropped at the opening on the Oslo stock exchange, falling by 3.4 percent, but then recovered to post a 3.6 percent rise around 0800 GMT."In this (...)
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12 FEB 2020 (Singapore Airshow) PRATT & WHITNEY revealed the industrialization of the use of 3D-printing for an aero-engine component - a first in the maintenance, repair and overhaul (MRO) of commercial engines - in collaboration with Singapore's ST ENGINEERING. The 3D-printed part is projected to be part of the repair process by mid-2020 at PRATT & WHITNEY's repair specialist in Singapore, Component Aerospace Singapore.
12 FEB 2020 (Singapore Airshow) AAR subsidiary has signed a three-year support services agreement with flag carrier PHILIPPINE AIRLINES (PAL). Working in conjunction with PAL's Aircraft Material Management team, AIRINMAR will provide a full suite of support services covering both new aircraft warranty and value engineering.
12 FEB 2020 (Singapore Airshow) COLLINS AEROSPACE SYSTEMS has signed a five-year tailored FlightSense agreement with JAPAN AIRLINES to service air management and electric power components for the airline' growing fleet of Boeing 787 aircraft. Valued at approximately $200M, the new contract, which builds on a 14-year relationship between Collins Aerospace and JAL, now includes a total of 51 aircraft through 2025.
05 FEB 2020 SANAD AEROTECH has entered into an agreement with ETHIOPIAN AIRLINES to establish a center of excellence in Addis Ababa for the repair and overhaul of Boeing 737 and Airbus A320 auxiliary power units. The services can be offered to third party airlines and then extended to other components and even engines.
03 FEB 2020 (Heli-Expo 2020) AIRBUS HELICOPTERS announces that it has signed HCare material management contracts, in Smart and Infinite versions, for 250 new helicopters in 2019. The number of aircraft covered rises to 2,250, a 19% increase over 2018. New contracts were signed in January at Heli-Expo.
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