Garuda Indonesia, the national flag carrier, reported net income of US$19.6m or IDR254.8bn (exchange rate IDR 13,000 per USD) during the third quarter (July – September period) of 2016 as an outcome of the initial implementation of the ‘Sky Beyond’ strategy, with a focus on return maximization as well as the continuous proportional implementation of
Spirit AeroSystems reported third quarter 2016 financial results driven by strong operating performance of mature programs. During the quarter, Spirit purchased 7.4 million shares for US$332m, which concludes the current US$600m share repurchase program. Spirit’s third quarter 2016 revenue was US$1.7bn, up 7% compared to the same period of 2015, primarily driven by higher production
WestJet released its third quarter results for 2016, with net earnings of CAD$116.0m, as compared with net earnings of CAD$101.8m reported in the third quarter of 2015. WestJet achieved its 46th consecutive quarter of profitability and flew a record 5.9 million guests. Based on the trailing twelve months, the airline recorded a return on invested
During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large). The Company’s firm order backlog ended the quarter at US$21.4bn versus US$21.9bn in 2Q16. Revenues in 3Q16 grew 17.9% on a year-over-year basis to US$1,514.3m, driven by higher revenues in the Commercial Aviation and Defense & Security segments. Consolidated
Global aeronautical communications provider, Satcom Direct (SD), has agreed to acquire TrueNorth Avionics, a company based in Ottawa, Canada that offers the latest technology in cabin communications solutions. With the purchase of TrueNorth, SD significantly expands its ability to provide advanced communications systems for business aviation aircraft. Founded in 2006, TrueNorth Avionics designs, develops, and
International Consolidated Airlines Group (IAG) presented Group consolidated results for the nine months to September 30, 2016. IAG reported third quarter operating profit of €1,205m before exceptional items, (2015: operating profit of €1,250m). Net foreign exchange operating profit impact for the quarter adverse €162m, Passenger unit revenue for the quarter was down 13.7% and at
Southwest Airlines reported net income of US$388m compared with third quarter 2015 net income of US$584m. Excluding special items, Southwest Airlines reported net income of US$582m compared with third quarter 2015 net income of US$623m. Operating income amounted to S$695m, resulting in an operating margin of 13.5%. The Company’s total operating revenues were US$5.1bn, driven
Spirit Airlines reported third quarter 2016 financial results. GAAP net income for the third quarter 2016 was US$81.4m, or US$86.3m excluding special items. GAAP operating margin for the third quarter 2016 was 21.8%, or 23.0% excluding special items. For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to
GE has reached an agreement to acquire a 75% stake in Concept Laser GmbH for US$599m (€549m). The agreement allows for GE to take full ownership in a number of years. Privately-held Concept Laser has more than 200 employees and is headquartered in Lichtenfels, Germany, with significant operations in the United States (Grapevine, Texas), China,
SilverArrow Capital Group has acquired the majority share (51%) of PrivatAir, SA. PrivatAir is an international premium airline and leading business aviation group with headquarter in Geneva, Switzerland and operating offices in Duesseldorf, Germany and Lisbon, Portugal. PrivatAir operates a wide-range of aircrafts ranging from Boeing B767, B757, BBJs to Airbus A319 and business jets
