Delta Air Lines (DAL) reported financial results for the December quarter and full year 2016. Adjusted pre-tax income for the December 2016 quarter was US$923m, a US$524m decrease from the December 2015 quarter, primarily driven by the new pilot agreement. For the full year, adjusted pre-tax income increased 4% year over year to US$6.1bn. Delta’s
GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Manufacturing companies will now have more ways to access transformative 3D printing technology, spurring growth in several critical industrial markets including medical, aerospace, automotive and machining. GE Capital will develop a range of customized financial solutions for its customers. These
Rockwell Collins has acquired Pulse.Aero, a UK-based company specializing in self-service bag drop solutions and airline applications, to enhance the company’s passenger processing services for airports and airlines. This acquisition further expands Rockwell Collins’ Information Management Services (IMS) strategy to enable the connected aviation ecosystem. “This acquisition expands our already strong passenger processing offerings beyond
Air Transport Services Group said its subsidiary, Airborne Maintenance and Engineering Services, has acquired PEMCO World Air Services, a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions based in Tampa, FL. The company did not assume any PEMCO debt in connection with the acquisition. This acquisition
AAR reported second quarter fiscal year 2017 consolidated sales of US$423.8m and income from continuing operations of US$12.1m. For the second quarter of the prior fiscal year, the Company reported sales of US$431.5m and income from continuing operations of US$9.2m. Gross profit margins at Aviation Services were constant with prior year margins and improved at
FedEx reported earnings of US$2.59 per diluted share (US$2.80 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of US$2.44 per diluted share a year ago (US$2.58 per diluted share last year on an adjusted basis). Operating income rose compared to last year primarily due to the
Chorus Aviation will establish a new regional aircraft leasing subsidiary, Chorus Aviation Capital, and has entered into an agreement pursuant to which Fairfax Financial Holdings Limited and certain of its subsidiaries will invest CAD$200m in Chorus through a private placement of 200,000 convertible debt units. In recent years, Chorus has steadily grown its aircraft leasing
Bombardier released its 2017 guidance and confirmed that its turnaround plan is on track. The announcement came ahead of Bombardier’s Investor Day event, where the Company will provide an update on its business outlook, highlight its 2016 accomplishments and reaffirm both its 2018 free cash flow breakeven goal and its 2020 revenue target of US$25bn.
Deutsche Lufthansa AG takes over 100% of Brussels Airlines to be fully integrated into the Lufthansa Group as of 2018 and joining the Eurowings Group. Attractive home markets Belgium and Brussels and well-established Africa network will further strengthen the Lufthansa and Eurowings Group market position. Advantageous cost-structure allowing Brussels Airlines to successfully compete with the
Cusco Aviation, an aircraft and engine trading, asset management and technical services company for the aviation industry, has retained DelMorgan & Co., an internationally recognized investment banking firm, as its exclusive financial advisor to advise Cusco Aviation on its strategic alternatives, including growth capital investments for the acquisition of aircraft lease portfolios from existing lessors
