Honeywell sales for the third quarter were up 6% on a reported basis and up 7% on an organic basis. (The difference between reported and organic sales primarily relates to the impact of foreign currency translation). Third-quarter reported earnings per share was US$3.11, which includes US$233 million of separation costs (including net tax impacts) associated
Ryanair has published its first half financial year 2019 results (PAT), reporting a 7% fall in profits to €1.20 billion (excl. Laudamotion losses). Higher fuel, staff and EU261 costs have offset strong ancillary revenue growth of 8%. Average fares declined 3% due to excess capacity in Europe, an earlier Easter in Q1, repeated ATC strikes/staff
Only two months after taking over the helm as CEO of Air France-KLM, Ben Smith and the management of Air France have announced that they have reached a deal with most unions that is hoped will see an end to costly strikes which, this year, cost the carrier US$385 million. While five unions, representing 76.4%
GA Telesis has closed a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations that was tailored to provide maximum operational flexibility for the airline. Commencing its first inventory financing in 2008, GA Telesis has emerged as a world-leader in inventory financing of leased assets with over
Monarch Aircraft Engineering (MAEL), a leading aircraft MRO provider, has agreed the terms of the company’s new ownership structure, with Greybull Capital LLP becoming the majority shareholder. As the restructuring progresses, MAEL’s lenders, PNC, will continue to provide facilities and support, and many of the operator’s key customers are also looking to support the business.
American Airlines and Los Angeles World Airports (LAWA) officially broke ground on a US$1.6 billion modernization project to fully reimagine Los Angeles International Airport (LAX) Terminals 4 and 5. The project marks American’s largest individual investment at an airport in its 92-year history and reaffirms the airline’s commitment to Los Angeles. In June 2017, American
Seabury Capital Group announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital (Zephyrus). Zephyrus is a fleet management solutions provider to lessors and commercial airlines focused on mid- to end-of-life aircraft and related engine leasing and trading. Seabury Capital leveraged its
United Airlines released its third-quarter 2018 financial results, reporting third-quarter net income of US$836 million, pre-tax earnings of US$1.1 billion and pre-tax margin of 9.6%. Consolidated passenger revenue per available seat mile (PRASM) increased 6.1% year-over-year, above the high end of the company’s third-quarter 2018 guidance range of up 4% to 6%. Consolidated unit cost
GA Telesis has announced completion of the previously announced share purchase by Tokyo Century Corporation and All Nippon Airways Trading Co., Ltd. (ANATC) from Global Principal Finance Company. The transaction provides the Company with shareholders that have a committed longterm growth strategy in the aviation industry. Tokyo Century and ANATC, respectively, hold a 49.2% and
Harris Corporation and L3 Technologies have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies,
