EFW (Elbe Flugzeugwerke), based in Germany, has completed the delivery of its first A330P2F (Passenger-to-Freighter conversion) for Air Transport Services Group (ATSG). The converted freighter has been handed over to ULS Airlines Cargo, a Turkish cargo operator, marking a major milestone in the ongoing 30-aircraft conversion agreement between EFW and ATSG.
Eurowings, the German low-cost subsidiary of Lufthansa Group, has taken delivery of an Airbus A320, serial number 3734, on wet lease from Avion Express Malta. The aircraft is powered by IAE V2527-A5 engines, a proven workhorse in the narrowbody segment known for reliability and cost efficiency.
MTU Aero Engines, the German engine manufacturer, has reported a 25% increase in adjusted revenue for the first quarter of 2025, reaching $2.3 billion, as demand for maintenance, repair, and overhaul (MRO) services, as well as OEM engine deliveries, remained robust. The company also posted a 41% rise in adjusted net income, totaling $250 millionfor the quarter.
MTU Aero Engines reported first-quarter 2025 revenues of US$2.3 billion and adjusted earnings of US$340.9 million, driven by robust performance in both the original equipment manufacturing (OEM) and maintenance, repair, and overhaul (MRO) segments.
Lufthansa Technik reported a 49.5% increase in adjusted EBIT to US$183 million during the first quarter of 2025, supported by a robust 18.4% growth in revenue to US$2.2 billion. The results reflect sustained recovery in global MRO (maintenance, repair, and overhaul) demand.
Lufthansa Group reported a 10% increase in revenue for the first quarter of 2025, reaching US$9.2 billion, while recording an adjusted EBIT loss of US$821 million. Despite the loss, the group maintained a strong liquidity position of US$12.9 billion.
Condor has secured critical approval from the European Commission for $365 million in restructuring aid provided by Germany. The approval falls under the European Union’s State aid rules, paving the way for Condor to continue its recovery efforts and return to financial stability after enduring significant operational and financial challenges.
Lufthansa has reached an agreement to acquire three Boeing B787-9 Dreamliners that were originally manufactured for Norwegian but remained undelivered. The aircraft, identified by serial numbers 63350, 63348, and 63349, have been stored for several years after Norwegian underwent a restructuring and cancelled several aircraft orders.
Condor, the leisure airline based in Germany, has reported a net loss of $70.4 million for the 2023/24 financial year, even as the carrier posted a 16% increase in revenue to approximately $2.6 billion. The results highlight ongoing challenges in the post-pandemic aviation sector, particularly for airlines navigating rising operational costs and fleet modernization programs.
Lufthansa is reportedly evaluating the registration of its forthcoming Boeing 787 aircraft in Switzerland, rather than Germany or another EU country, as a strategy to mitigate the impact of ongoing tariffs stemming from trade tensions between the United States and the European Union.
