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.
Austrian aerospace supplier Future Advanced Composite Components is facing massive economic challenges as it feels the effects of some oft-delayed Airbus and Boeing programs. FACC recently posted a net loss of €10 million ($15.8 million) on sales of €251 million for its fiscal year 2007-08, which ended in February. The loss came in spite of €70 million in additional revenues and compares to a profit of €15 million a year earlier. “The result is in no way pleasing,” CEO Walter Stephan told Aviation Week & Space Technology.
Several of Europe’s low-fare carriers are dramatically reversing course on key elements of business plans in an attempt to keep from falling victim to the ongoing airline crisis. So far, they have managed to avoid the bankruptcy fate of so many others.
Austrian’s major shareholder ÖIAG is understood to have hired Merrill Lynch to manage the sale of the unprofitable airline. Austrian’s board of directors is scheduled to meet before month’s end to evaluate Boston Consulting’s recommendations for strategic options. Insiders say Austrian can really only approach Lufthansa because exit costs from the Star Alliance and a bilateral partnership with Lufthansa would be prohibitively high. But Air France-KLM is seen as another potential bidder.
