They haven’t found a dedicated aircraft program yet, but General Electric and Safran are determined to have a new commercial aero-engine ready for entry into service by the mid-2030s. The engine should be over twenty percent more efficient than the most…
UPDATED STORY – Indian low-cost carrier IndiGo ended its financial year 2020-2021 with an INR 58.064 billion after-tax loss. The result reflects the deep impact of the Covid-crisis, with a first wave and a long lockdown in March-May 2020 followed…
Engine makers are under some of the greatest stress as the pandemic continues. The Power by The Hour business model worked well until engines stopped working. The business model of offering the engines at near-zero and making up the value…
Major aircraft propulsion and equipment maker Safran recorded a solid 2019, with a net income up 26.4 percent to EUR 3.820 billion, it reported on February 27. Revenues were up 17.1 percent to EUR 26.640 billion. All segments (propulsion, equipment,…
The 2019 Dubai Air Show has seen some significant news from local and regional players in maintenance, repair, and overhaul (MRO). For instance from Sanad Aerotech, which announced deals with General Electric/CFM and Emirates. Sanad Aerotech, until this May known…
The Airbus A319neo seems to get a huge boost from US low-cost airline Spirit Airlines. The airline plans to order a yet unspecified number of the smallest neo-member as part of a Memorandum of Understanding for 100 A320neo-family aircraft announced…