Lufthansa Aerial Services (LAS) has signed an agreement with Chinese drone manufacturer DJI to develop commercial applications for unmanned aerial vehicle (UAV), or drone technology, for key customers.

Airbus announced Jan. 28 it has signed agreements with Iran for 118 new aircraft and for pilot training, airport operations and ATM support services.

From the February 2016 issue of ATW

Pratt & Whitney’s 2015 operating profit was more than cut in half compared to 2014 as the company took a significant one-time charge and reported a slight revenue decrease, but parent United Technologies Corp. (UTC) reiterated its confidence in Pratt’s geared turbofan (GTF) engine.

Current U.S. Gulf Coast Kerosene-Type Jet Fuel Spot Price, showing the latest figures for the current week, with comparisons to two weeks prior, one month prior, three months prior, six months prior and the current week during each year of the past decade. Figures are released every two weeks by the US Energy Information Administration.