20 August 2017

HEICO Corporation has reported that its Electronic Technologies Group entered into a stock purchase agreement to acquire 100% of the stock of AeroAntenna Technology Inc. (AAT). Chatsworth, CA-based AAT is a leader in the design and production of high performance active antenna systems for critical defense applications, precision guided munitions, commercial aircraft and other commercial

LATAM Airlines Group reported an operating income of US$48.2m and an operating margin of 2.1% for the quarter, an increase of 2.0 points compared to the same period last year. Despite being seasonally the weakest quarter of the year, these results reflects important improvements in revenue and cost management that LATAM has been able to

Posting its first interim loss since 2012, Cathay Pacific has blamed its HK$2.05bn interim loss on stiff competition both from Chinese airlines as well as low-cost carriers. Hong Kong-based Cathay Pacific had been expected to post a loss, but analysts had underestimated it with a projected HK$1.2bn deficit.Passenger revenue fell to HK$32.1bn, 3.9 percent down