For the fourth quarter Héroux-Devtek reported consolidated sales reached CA$120.9m, compared with CA$117.5m in the fourth quarter of fiscal 2016. This 2.9% increase reflects higher sales to the commercial aerospace market, as detailed below, while year-over-year fluctuations in the value of the Canadian currency versus foreign currencies had a negative impact of CA$$3.5m on fourth-quarter
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, issued its consolidated financial statements for the three months ended March 31, 2017. Operating income in the first quarter 2017 totaled US$44m (5.3% of sales) compared with US$11m (1.3% of sales) in the first quarter of 2016. EBITDA in the first quarter
Apollo Aviation Group has priced its fourth aircraft portfolio transaction on Thursday, May 25, 2017: AASET 2017-1 Trust (AASET 2017-1). AASET 2017-1 will issue US$612.228m of secured notes that will be used to acquire a fleet of 32 aircraft. AASET 2017-1 will issue three tranches of Secured Notes with the following principal amounts and coupons:
HEICO CORPORATION has reported that net income increased 18% to US$45.7m, in the second quarter of fiscal 2017, up from US$38.7m in the second quarter of fiscal 2016. In the first six months of fiscal 2017, net income increased 24% to US$86.6m up from US$69.9m in 2016. Operating income increased 15% to US$76.5m in the
Finaero acquired SMTC, the French train interiors specialist. The objective is to maximize synergies between SMTC and Finaero both in terms of accompanying developments in the rail industry worldwide as well as on know-how and expertise in the aviation industry. SMTC benefited from a €23m turnover in 2016 and counts 150 employees on its site
LATAM Airlines Group reported an operating income of US$152.3m and a net income of US$65.6m. Operating margin reached 6.1% for the quarter, a decline of 3.3 pp compared to the same period last year. Although revenues improved on a year-over-year basis they were offset by a 44.4% increase in fuel prices. During the first quarter
The SIA Group reported an operating profit of SD$623m in the 2016-17 financial year, SD$58m or 8.5% lower compared to the same period last year. Fullyear net profit fell by 55.2%, attributable in part to the net loss recorded in the fourth quarter. Group revenue fell SD$370m year-on-year to SD$14,869m (-2.4%). Passenger flown revenue declined
Kapco Global reported its recent acquisition of German battery distribution company D+C-Airparts Battery in Europe GmbH. With more than thirty-years as a trusted supplier, service center, and battery training facility, D+C-Airparts is one of the most respected names in European aviation battery distribution and maintenance. This acquisition will help Kapco Global further expand its service
Despite earlier warnings, easyJet, the low-cost carrier, has posted a pre-tax loss of £212 million for the six months up to the end of March. The loss has been attributed to the weaker pound and a late Easter. EasyJet pays for its fuel in US dollars, which increases the price when the pound is weak
Copa Holdings, S.A. released its financial results for the first quarter of 2017 (1Q17). Copa Holdings reported net income of US$102.3m for 1Q17 compared to net income of US$115.5m in 1Q16. Excluding special items, the Company would have reported an adjusted net income of US$103.2m, compared to an adjusted net income of US$69.9m in 1Q16.
