Turbine blades are protected against high temperature oxidation by thermal barrier coating (TBC) systems, which consist of a ceramic top coating (ZrO2/Y2O3) and a metal bond coating (MCrAlY, M=Ni, Co). At high temperatures and under oxidative conditions, between the MCrAlY and the ceramic top coating an oxide scale is formed, which protects the metal against further oxidation. The oxidation behaviour of the thermally sprayed MCrAlY is influenced by the coating process and the composition of the metal alloys. This work is concerned with the isothermal oxidation behaviour of vacuum plasma sprayed (VPS) MCrAlY coatings. The MCrAlY powders used have different aluminium contents: 8 and 12 wt.%. The MCrAlY specimens are oxidized at 1050 degrees C in air as well as in helium with 1% O-2 and the oxidation kinetics are determined thermogravimetrically. The microstructure, morphology and thickness of the oxide scales formed are characterized by metallography, SEM, TEM and XRD. After short time oxidation (6 h) theta-Al2O3 is the main constituent of the oxide scale. Exposure times of 500 h and more lead to oxide scales consisting of alpha-Al2O3. Moreover, after a long time oxidation, Cr2O3 and CoO (CoO on the coatings with 8 wt.% Al) are formed. The oxidation rates of both MCrAlY coatings are the same. Beneath the oxide scale an Al-depleted zone is formed and this zone is considerably thicker within the coating with 8 wt.% Al, because the amount of beta-NiAl phase in this coating is lower than that in the coating with 12 wt.% Al. The oxide scale formed in He-1% O-2 consists of alpha-Al2O3 and Cr2O3 on both MCrAlY coatings.