Good week - MTU 
 © MTU
MTU: The aero engine maker more than doubled first-quarter net income to €44.2 million ($70 million) despite currency effects that brought revenues down marginally to €630 million. Commercial engine revenues were down by 2.9% to €265 million but discounting the effects of the weak US dollar would have been up by 11%. Chief executive Egon Behle says the figures show MTU is "still a highly-profitable company" despite the economic situation.




 

United Airlines - Bad Week 
 © United Airlines
United Airlines: The move in March by mechanics to change unions has slowed progress of the potential sale of the carrier's maintenance, repair and overhaul business. Chief financial officer Jake Brace says the carrier is just starting discussions with the Teamsters that had already gone on for several years with the Aircraft Mechanics Fraternal Association. The Teamsters intend to fight against outsourcing of maintenance to foreign repair stations.

Source: Flight International

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