Boeing has reported fourth-quarter revenue of US$25.4bn with GAAP earnings per share of US$5.18 and core earnings per share (non-GAAP) of US$4.80 reflecting record deliveries and strong performance, as well as favorable tax reform of US$1.74 per share. Revenue was US$93.4bn for the full year reflecting deliveries mix with GAAP earnings per share of US$13.43
Boeing has reported its investment in Berkeley, Calif.-based Cuberg, a startup founded by former Stanford University researchers developing next-generation battery technology for potential aerospace and industrial applications. Cuberg developed an advanced battery cell that is designed to be a drop-in solution to existing large-scale battery manufacturing processes. It combines a lithium metal anode, proprietary electrolyte
Rockwell Collins has reported sales for the first quarter of fiscal year 2018 of US$2.011bn, a 69% increase from the same period in fiscal year 2017, or 9% organic growth excluding US$716m of revenue from the acquisition of B/E Aerospace. First quarter fiscal year 2018 earnings per share was US$1.69 compared to US$1.10 in the
STS Component Solutions grows its aviation aftermarket portfolio by strategically acquiring UJet Group, an aircraft interior modification and refurbishment company based out of Shannon, Ireland. Through this acquisition, STS Component Solutions will now offer its growing customer base robust aircraft interior refurbishment and parts services under the newly formed brand, STS UJet. STS UJet will
American Airlines has reported a full year 2017 pre-tax profit of US$3.1bn or US$3.8bn excluding net special items, and a full year net profit of US$1.9bn, or US$2.4bn excluding net special items. American reported fourth-quarter 2017 pre-tax profit of US$425m, or US$739m excluding net special items, and a fourth-quarter net profit of US$258m, or US$455m
Alaska Air Group has reported net income for the fourth quarter under GAAP of US$367m and for the full-year US$1.0bn These results compare to fourth quarter 2016 net income of US$114m and full-year 2016 net income ofUS$814m. As the acquisition of Virgin America (Virgin America) closed on Dec. 14, 2016, 2017 information reflects the results
UAL reported that fourth quarter 2017 revenue was US$9.4bn, an increase of 4.3% year-over-year. Fourth-quarter 2017 consolidated passenger revenue per available seat mile (PRASM) was up 0.2% compared to the fourth quarter of 2016. Cargo revenue was US$304m in the fourth quarter of 2017, an increase of 21.6% year-over-year primarily due to higher international freight
Despite the best efforts of British Airways’ owner, IAG, the purchase of Niki, the low-cost subsidiary of now defunct Air Berlin, has been secured by the airline’s founder, former F1 World Champion, Niki Lauda. Several weeks ago, IAG had been announced as the successful bidder for the bankrupt Austrian airline, though at the time, insolvency
Natixis Investment Managers, the asset management arm of French bank Group BPCE, has acquired a minority stake in specialist aircraft lease and asset management firm Airborne Capital. The stake was acquired for an undisclosed sum from the existing shareholders, comprising Airborne’s founding management team and FEXCO, Ireland’s largest privately owned financial services company. The deal
Elevate Capital Partners (Elevate) is a private investment and asset management firm located in the San Francisco Bay Area that is focused exclusively on making value-based commercial aircraft and aviation related investments. Elevate specializes in acquiring and structuring leases for mid-life commercial aircraft (typically 10-25 years of age) that enable airlines and investors to realize
