Comlux Aviation Services,based in Indianapolis, the exclusive jet maintenance center of Comlux, The Aviation Group reported the appointment of Tony Bailey to the Chief Executive Officer position by the Comlux Aviation Services Board of Directors.
Air Transport Services Group reported sharply improved third quarter financial results after excluding non-cash impairment charges. Pre-tax losses from continuing operations were $6.7m while net losses from continuing operations totaled $4.8m. Third-quarter 2011 earnings included $27.1m in impairment charges related to reductions in business with DB Schenker that began in September, and $1.9m in unrealized losses
International Airlines Group presented Group results for the nine months ended September 30, 2011. Revenue for the nine months to September 30, 2011 rose by 11.6% to €12,263m (2010: €10,986m). Passenger revenue was up 12.3% on capacity growth of 7.7% and improved unit passenger revenues (€cents/ASK) of 4.1%. At constant exchange rates total revenue was up 14.1% €1,552m with
The three helicopters are the first Eurocopter models to be included in Wuhan Helicopter’s fleet, and comprise two AS350 B3e and one EC120 B. Intended for utility missions, they are scheduled to be delivered in the first quarter of 2013.
Astronics Corporation released financial results for the three and nine months ended October 1, 2011. Sales in the third quarter of 2011 were $56.4m, up $6.5m, or 13.0%, from the prior year third quarter. Aerospace sales, which represented approximately 95% of total third quarter sales, increased 16.3% over the prior year period to $53.5m. Sales
WestJet announced October 2011 traffic results with a load factor of 77.4% the same as in the previous year. Traffic increased 6.7% year over year, and capacity grew 6.7% over the same period.
Goodrich reported third quarter 2011 net income of $201 million on sales of $2,033 million. In the third quarter 2010, the company reported net income of $160 million, on sales of $1,748 million. Segment operating income margin for the third quarter 2011 was 19.3%. Goodrich sales changes by market channel were as follows: – large
airberlin has reached an agreement with the aircraft manufacturers, Airbus and Boeing, with regard to an optimization of its order books. The agreements stipulate that deliveries of new aircraft originally scheduled for 2012 and 2013 will be partly postponed until 2015 and 2016, to adapt airberlin’s capacity growth to its ‘Shape & Size’ earnings-improvement program. The
The Super Tucano light attack and advanced training turboprop was certified by the U.S. Federal Aviation Administration (FAA). This specific certification by the U.S.’s principal aviation regulatory authority allows the beginning of a demo tour to American military bases, and it will open new business opportunities for Embraer Defense and Security in the world’s largest
B/E Aerospace reported third quarter 2011 financial results. Third quarter 2011 revenues of $636.0 million increased $141.0 million, or 28.5%, as compared with the same period of the prior year. Third quarter 2011 results reflect the acquisitions of TSI Group, Inc., Satair A/S’s aerospace fastener distribution business and LaSalle Lighting (recent acquisitions). Revenue growth for the
