TUI Group (Germany), a global leader in tourism and travel, has reported a strong financial performance for 2024. The company’s revenue grew by 12% to reach $24.4 billion, underscoring its recovery and growth momentum in the post-pandemic travel industry. The group also recorded an Underlying EBIT of $1.3 billion, reflecting its strategic focus on operational efficiency and market expansion.
Rolls-Royce (UK) has welcomed the arrival of the first Trent 1000 engine at its state-of-the-art MRO (Maintenance, Repair, and Overhaul) facility in Dahlewitz, Germany. This milestone signifies the beginning of Trent 1000 maintenance operations at the facility, further strengthening Rolls-Royce’s global MRO capabilities.
Ryanair (Ireland) has revealed its forecast for European flight operations, stating that its overall offering is expected to remain largely unchanged until 2027. However, the carrier has announced plans to reduce capacity into Germany, citing the impact of elevated taxes and fees on its operations.
Deutsche Aircraft (Germany) has announced a significant leadership change, appointing Nico Neumann as Co-CEO, effective immediately. Neumann will share the executive role with the company’s current CEO, Dave Jackson, as Deutsche Aircraft strengthens its leadership team to support its strategic goals.
TUI fly Germany has announced plans to wet-lease two Boeing 737-800s from Go2Sky (Slovakia) for its operations during the busy travel season between April and October 2025.
Condor, the German leisure airline, has expanded its fleet with the addition of a new Airbus A320neo, bearing serial number 12303. This aircraft is equipped with Pratt & Whitney PW1127G-JM engines, known for their fuel efficiency and reduced emissions.
Norwegian Air Shuttle (US) has announced the extension of its partnership with Lufthansa Technik (Germany) for an additional five years. The renewed agreement, effective 01 August 2025, will cover maintenance services for more than 80 Boeing B737NG and B737MAX aircraft at Lufthansa Technik’s Budapest facility.
KGAL Group (Germany) has finalized a lease agreement with Porter Airlines (Canada) for three Bombardier Q400 aircraft. The transaction was conducted via KGAL’s subsidiary, GOAL, and the aircraft are part of the KGAL APF 5 fund.
TrueNoord (Netherlands) has completed the acquisition of seven ATR72-600 aircraft from GOAL Aircraft Leasing (Germany). These aircraft are currently on lease to prominent European carriers, further strengthening TrueNoord’s regional aviation portfolio.
ASL Aviation Holdings (Ireland) is set to expand its cargo operations by potentially operating a B737-800BDSF for DHL (Germany). The aircraft, identified by serial 30499, is expected to be flown under CMI (Crew, Maintenance, and Insurance) service, further strengthening the partnership between the two companies.
