This October, the online aircraft spare parts and repair capabilities marketplace Locatory.com has announced hitting record highs and increasing the company’s sales by 20%. Moreover, the company has managed to achieve such results with half the sales force of 2016. Having analysed its quarterly results, Locatory.com management team concluded that the last trimester has been
Finnair has raised its guidance for its 2017 comparable operating result as passenger and cargo traffic sales have developed better than forecasted. Finnair has also specified its revenue forecast for 2017. Finnair estimates that in 2017 its capacity will grow approximately 9%, while full-year revenue is expected to grow slightly faster than capacity. Finnair expects
West Star Aviation has acquired MSP Aero, a Minneapolis-based company working with avionics, interiors, minor paint and window restoration at KMSP and surrounding areas. Founded in June of 2009, MSP Aero was created to provide uninterrupted avionics services to area flight departments and received their FAA Part 145 Certified Repair Station certificate by December 2009.
AeroCentury an independent aircraft leasing company, has reported third quarter 2017 earnings of US$385,000 compared to US$356,000 in the second quarter of 2017 and compared to US$530,000 in the third quarter of 2016. In the first nine months of 2017, net income grew 10% to approximately US$1.4m from approximately US$1.3m in the first nine months of
The Finnish Competition and Consumer Authority has approved the transaction in which Finnair acquires 60% of the shares in Nordic Regional Airlines AB from StaffPoint Holding Oy and Kilco Oy. The transaction is expected to close in November 2017, and thereby Norra will transfer to Finnair’s full ownership on an interim basis. Finnair aims to
Boeing has completed the acquisition of Aurora Flight Sciences, a world-class innovator, developer and manufacturer of advanced aerospace platforms and autonomous systems. Aurora will operate under Boeing Engineering, Test & Technology as a subsidiary called Aurora Flight Sciences, A Boeing Company. It will retain an independent operating model while benefiting from Boeing’s resources and position
The SIA Group reported a net profit of SG$425m in the first half of the 2017-18 financial year, SG$103m (+32.0%) higher than last year. This was the result of a higher Group operating profit (+SG$211m) and lower share of losses from associated companies (+SG$46m), in the absence of last year’s gain on SIA Engineering’s divestment
Astronics Corporation has released its financial results for the three and nine months ended September 30, 2017. Consolidated third quarter sales were down US$5.5m from the same period last year. Aerospace segment sales of US$128.7m were up $3.5 million and Test Systems segment sales of US$21.0m were down US$9.0m. Consolidated gross margin was 21.7% in
Having failed in its attempt to acquire approaching 10 percent of American Airlines, Qatar Airways has announced that it is now aiming to buy a 9.6 percent holding in Hong Kong-based Cathay Pacific for US$660 million. The move comes as what will hopefully be the culmination of a two-year attempt to expand the Gulf-carrier’s global
StandardAero Aviation and Airbus have finalized the acquisition by StandardAero of Vector Aerospace from Airbus. Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of over US$700m in 2016 and employs approximately 2,200 people in
