Asia-Pacific Aerospace Briefs Today
March 6th 2023
Today's briefs report news from AerCap, Kuala Lumpur International Airport, Lufthansa Technik, Qantas Group and Universal Hydrogen. Read More »
Lessor AerCap has announced a 457% net profit increase, to US$495 million, for the three months to December 31. Revenue for the quarter improved 26.8%, to US$1.8 billion. “Broad-based demand, in tandem with a curtailed supply environment, is helping to drive lease rates higher across aircraft, engines and helicopters,” AerCap CEO, Aengus Kelly, said.
Lufthansa Technik will meet investors later this month to discuss a partial sale of the company, according to media reports of comments from the MRO’s chief financial officer, William Willms.
Malaysia Airports Holdings said the Aerotrain people mover between Kuala Lumpur International Airport's main terminal and its satellite building has been suspended until further notice due to mechanical and reliability issues with the service.
Universal Hydrogen has completed a test flight on board a Dash 8 with one engine replaced with the company's fuel cell-electric, megawatt-class powertrain. The aircraft took off from Grant County International Airport at Moses Lake in Washington State and flew for 15 minutes.
Qantas Group plans to establish an academy in Australia to train up to 300 engineers a year, with the facility to open in 2025. Its location will be announced by year-end.
