He started his journalism career in 1992 as a freelance writer for Sueddeutsche Zeitung, Germany’s largest daily national newspaper and soon specialised in air transport. Jens joined Aviation Week and Aviation Daily in 2000 as one of the European correspondents. Later his role was expanded to cover international air transport. In 2013 he was named Managing Editor Commercial.
Jens frequently appears on radio and TV to comment on industry matters. In 2003, he received the Hugo Junkers Award of the German aviation press for his coverage of Fairchild Dornier’s bankruptcy. He was named the country’s top travel and air transport writer by the Travel Industry Club three times. Jens graduated from the Munich School of Journalism.
Airbus Military and the Europrop International (EPI) engine consortium appear close to a settlement over claims and counterclaims on cost overruns in the Airbus A400M program. MTU Aero Engines, a key EPI partner, has dissolved a €45 million ($62 million) provision for possible Airbus claims, the company revealed in its annual results presentation. Such a step is only possible if management believes there is a better than 50% chance it will no longer need the money.
Shares of MTU Aero Engines dropped by more than 9% on Wednesday after the company failed to meet analysts’ expectations for profit in its fiscal year 2010. The decline came in spite of the fact that MTU exceeded its own profit guidance for shareholders, raised the dividend payment and gave a positive medium-term outlook.
Singapore low-fare carrier Tiger Airways plans to buy a 32% stake in Philippine partner SEAIR (South East Asian Airlines). The two companies signed an agreement in principle that is to be followed by a binding contract soon. Tiger will pay $6 million for the stake in SEAIR, but it was not immediately clear whether Tiger plans to increase the stake later.
