Norwegian reported its first quarter results for 2017 with a net loss of NOK1.5bn, compared to a net loss of NOK800m in the first quarter of the previous year. During the first quarter, unit costs excluding fuel fell by 4% and debt was cut by NOK1bn. Total revenue in the first quarter was NOK5.4bn an
In 2016 the Liebherr Group has achieved the third-highest turnover in the Group’s history, with total sales of €9,009m, compared to 2015, this represents a decrease of €228m or 2.5%. In 2016, the Group achieved a net result for the year of €298m, equaling the 2015 result. The financial result improved significantly, thanks in part
Alaska Air Group has reported first quarter 2017 GAAP net income of US$99m, compared to US$184m in the first quarter of 2016. Excluding the impact of special items and mark-to-market fuel hedge adjustments, the company reported adjusted net income of US$130m, compared to US$183m in 2016. As the acquisition of Virgin America closed on Dec.
Boeing has reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programs and services. Revenue decreased to US$21.0bn, down 7% from 2016, reflecting the timing of commercial and defense aircraft deliveries. Commercial Airplanes first-quarter revenue was US$14.3bn on services growth, down 1% from 2016, offset
MTU Maintenance, the maintenance, repair and overhaul (MRO) arm of MTU Aero Engines, reported another year of successful growth in 2016. The company has signed independent deals with a contract volume of US$2.2bn with the program families CF34, CFM56, and LM industrial gas turbines (IGTs) enjoying particular success. “Over 250 new contracts have been signed
HEICO Corporation released that its Flight Support Group completed the acquisition of Air Cost Control (A2C). Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing. On March 8, 2017, HEICO announced it had entered into an agreement, subject to foreign
JetBlue Airways reported first quarter 2017 operating income of US$147m, a decline of 57.9% from the first quarter of 2016. The airline posted pre-tax income of US$126m, a decrease of 60.9% from the first quarter of 2016 and net income of US$85m, compared to first quarter 2016 net income of US$207m. JetBlue reported first quarter
Through the signing of a definitive agreement, Dubai Aerospace Enterprise (DAE) has announced its intention to acquire the AWAS group of companies, a leading global aircraft leasing company. While terms of the transaction have not been disclosed, it is understood that it will be financed from funds managed by Terra Firma Capital Partners and the
HEICO Corporation have increased its revolving credit facility to US$1bn, which is a US$200m, or 25%, increase to the Facility’s previous, US$800m limit. This Facility’s term expires in December 2018 and there are no maturities under the Facility until then. HEICO has used the Facility, which is available for general corporate purposes, principally to make
Republic Airways Holdings, the parent of Republic Airline, one of the largest independent regional airlines in the United States, released that the Honorable Judge Sean Lane of the United States Bankruptcy Court for the Southern District of New York, has approved Republic’s Plan of Reorganization and has entered an order to that effect. This decision
