27 October 2016

Southwest Airlines reported net income of US$388m compared with third quarter 2015 net income of US$584m. Excluding special items, Southwest Airlines reported net income of US$582m compared with third quarter 2015 net income of US$623m. Operating income amounted to S$695m, resulting in an operating margin of 13.5%. The Company’s total operating revenues were US$5.1bn, driven

Spirit Airlines reported third quarter 2016 financial results. GAAP net income for the third quarter 2016 was US$81.4m, or US$86.3m excluding special items. GAAP operating margin for the third quarter 2016 was 21.8%, or 23.0% excluding special items. For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to

GE has reached an agreement to acquire a 75% stake in Concept Laser GmbH for US$599m (€549m). The agreement allows for GE to take full ownership in a number of years. Privately-held Concept Laser has more than 200 employees and is headquartered in Lichtenfels, Germany, with significant operations in the United States (Grapevine, Texas), China,

SilverArrow Capital Group has acquired the majority share (51%) of PrivatAir, SA. PrivatAir is an international premium airline and leading business aviation group with headquarter in Geneva, Switzerland and operating offices in Duesseldorf, Germany and Lisbon, Portugal. PrivatAir operates a wide-range of aircrafts ranging from Boeing B767, B757, BBJs to Airbus A319 and business jets