Good week

MTU
 © MTU
MTU The German engine manufacturer and maintenance provider stuck to its full-year forecast after its nine-month earnings rose by 7% - despite less favourable exchange rates than expected. With a rise in OEM business outweighing a small dip on the MRO side, revenues climbed 1.9% to just under €2 billion ($2.8 billion) and are expected to reach €2.75 billion, compared with €2.61 billion for 2009. MTU foresees "high single-digit growth" in 2011.

 

Bad week

Aegean Airlines
 © Aegean Airlines
BIG GREEK CARRIERS The European Commission delayed its decision on whether to allow a merger between Olympic Air and Aegean Airlines, from 7 December to 12 January. This follows its warning in July that the combined carriers could have a monopolistic hold on domestic traffic. Ominously, competition commissioner Joaquin Akmunia has described the situation as "complicated". But the airlines' managers insist that they remain optimistic.

 

 

Source: Flight International

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