Lufthansa has reported adjusted EBIT of €2.4 billion for the first nine months 2018 – a 7.7% decline on the prior-year period which is primarily attributable to the integration costs at Eurowings. Adjusted EBIT margin for the period amounted to 8.8 %. Nine-month results were also burdened by a €536 million rise in fuel costs, an increase in the costs incurred in connection with flight delays and cancellations, and higher maintenance expenses.
Boeing Commercial Airplanes (BCA) has joined with hypersonic specialists at the company’s Research & Technology unit to study a Mach 5 passenger transport capable of crossing the Atlantic in 2 hr.
Harrods Aviation has a new automated check-in system for its VIP and group charter flights at its London Luton and London Stansted FBOs.
Avic has finalized the structural design of its MA700 turboprop airliner, with complete systems specification now a month or two from determination.
Ross Aviation in Anchorage, Alaska, was recently named a gateway FBO through the DCA Access Standard Security Program
“The market trend for high-performing and larger turboprops is intensifying,” Bombardier Commercial Aircraft President Fred Cromer said, emphasizing this latest booking is Ethiopian’s fifth reorder.