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
Honeywell reported a strong start to 2017, with over 2% organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly US$800m that was more than six times greater than 2016. The strong operational performance resulted in reported earnings per share of US$1.71. Normalizing for tax, earnings per share was
Rockwell Collins has reported sales for the second quarter of fiscal year 2017 of US$1.34bn, a 2% increase from the same period in fiscal year 2016. Second quarter fiscal year 2017 earnings per share from continuing operations was $1.27 compared to $1.30 in the prior year. Earnings per share for the second quarter of fiscal
For the first quarter of 2017, United Airlines reported that revenue was US$8.4bn, an increase of 2.7% year-over-year. First-quarter 2017 consolidated pssenger revenue per available seat mile (PRASM) was flat and consolidated yield increased 0.4% compared to the first quarter of 2016. Operating expense was US$8.1bn in the first quarter, up 7.9% year-over-year. Excluding special
Under the EU Merger Regulations, the European Commission has given the go-ahead to the acquisition of B/E Aerospace by Rockwell Collins. The Commission decided that a merger of the two U.S. companies would not raise any concerns over competition as there were no overlaps or vertical links between the two companies’ products, nor would their
Delta Air Lines reported financial results for the March quarter 2017. Adjusted pre-tax income for the March 2017 quarter was US$847m, a US$713m decrease from the March 2016 quarter, primarily driven by higher fuel prices. Severe weather in Atlanta caused significant disruptions to Delta’s operations in the first week of April. The company cancelled approximately
Dubai Aerospace Enterprise (DAE) has reported financial results for full year 2016. Total revenue amounted to US$417.8m (AED 1,534m) for full year 2016, an increase of 22% from US$341.7m (AED 1,255m) for full year 2015. Net income from Continuing Operations amounted to US$124.9m (AED 459m) for full year 2016, an increase of 323% from US$29.5m
Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense, and semiconductor industries, has purchased the operating assets of Custom Control Concepts (CCC), located in Kent, Washington. CCC is the established market share leader in providing cabin management and in-flight entertainment (IFE) systems for the complete range of privately operated
Avolon Holdings, the international aircraft leasing company, has completed the acquisition of the aircraft leasing business of CIT Group. Avolon is now the world’s third largest aircraft leasing company with a combined fleet, as of December 31, 2016, of 868 aircraft valued at over US$43bn. Avolon now serves 149 customers in 62 countries with approximately
