The Government of Canada is committed to keeping Canada at the forefront of global leadership in the aerospace sector. The aerospace industry is one of the most innovative industries in Canada, and it provides over 211,000 quality jobs for Canadians and CA$28bn annually in GDP to Canada’s economy. That is why, today, the Government of
WestJet released its fourth quarter and year-end results for 2016, with full-year net earnings of CA$295.5m. This compares with the net earnings of CA$367.5m reported in the full-year 2015. The airline achieved its 47th consecutive quarter of profitability, reporting fourth quarter net earnings of CA$55.2m compared to CA$63.4m reported in the fourth quarter of 2015.
Spirit Airlines reported fourth quarter and full year 2016 financial results. GAAP net income for the fourth quarter 2016 was US$48.5m or US$53.9m, excluding special items. GAAP net income for the full year 2016 was US$264.9m, or US$291.0m, excluding special items. For the fourth quarter 2016, Spirit’s total operating revenue was US$578.4m, an increase of
Ryanair reported that third quarter profits fell 8% to €95m, as average fares fell by 17% to just €33 per passenger, while traffic grew 16% to 29m customers. Third quarter unit costs were cut by 12% (ex-fuel unit costs were down 6%). Outlook for the remainder of FY17 is cautious. Ryanair expects fourth quarter yields
Net sales for the fiscal third quarter of 2017 declined 8% from the prior year quarter net sales, including US$1.2m of incremental sales from the October 2015 acquisition of Fairchild Controls offset by US$4.5m of revenues related to the second quarter divestiture. On an organic basis, sales were down 7% primarily due to production rate
The Group posted a profit attributable to owners of the parent of S$52.6m for the third quarter of FY2016-17, an increase of S$3.2m or 6.5%. Profit this quarter included a S$2.3m gain on the partial disposal of an associated company, while the same quarter last year was impacted by provisions for closure costs and impairment
Milestone Aviation Group, a GE Capital Aviation Services (GECAS) company and the global leader in helicopter leasing, has signed a commitment letter with Bristow Group, a leading provider of global industrial aviation services. Under the agreement, Milestone is providing a US$230m secured term loan facility to a subsidiary of Bristow, secured by a pool of
SkyWest reported financial and operating results for the fourth quarter of 2016, including a net loss of US$270m, compared to net income of US$41m for Q4 2015. Adjusted net income for Q4 2016 was US$29m, compared to adjusted net income of US$25m for Q4 2015. The adjusted results for Q4 2016 exclude (pre-tax) a US$466m
Falcon Aerospace Limited and Falcon Aerospace USA LLC (“Falcon 2017-1” or “Borrowers”) will issue US$410m of asset-backed secured term Loans. The Borrowers expect to use the proceeds to purchase 21 in-production, narrow-body aircraft. Dubai Aerospace Enterprise (DAE) will act as servicer for the transaction. Falcon 2017-1 will issue three tranches of asset-backed secured term loans:
Spirit AeroSystems reported fourth quarter and full-year 2016 financial results driven by strong operating performance of mature programs. Spirit’s fourth quarter 2016 revenue was US$1.6bn, down by two percent compared to the same period of 2015, primarily driven by lower production deliveries on the Boeing 747 and 777 programs, partially offset by higher activity on
