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.
Emirates, one of the world’s most profitable and fastest-growing airlines, is bracing for tougher times ahead and expects profits to decline in the current fiscal year. “We are not far short of where we were last year, but you have to take fuel into account,” Emirates Airline President Tim Clark says. He predicts a net profit of 5 billion United Arab Emirates dirham ($1.36 billion) for the fiscal year ending Mar. 30, 2009. This compares to a $1.45-billion profit for the group in the last financial year.
German engine manufacturer MTU Aero Engines is looking at acquisitions in the U.S. and mergers in Europe in an effort to mitigate the impact of the falling dollar and forge closer ties with original equipment manufacturers.
Emirates expects its net profit to decline in the 2008-2009 fiscal year as the airline faces a massive increase in its fuel bill. The airline’s internal projections see it post about a AED5 billion net profit in the year ending March 30, 2009. That compares to a AED5.3 billion (US$1.45 billion) net profit in fiscal 2007/08. “We are not far short of where we are this year, but you have to take fuel into account,” President Tim Clark told reporters on the sidelines of the annual results event in Dubai.
