Southwest Airlines reported fourth quarter net income of US$522m compared with fourth quarter 2015 net income of US$536m. Excluding special items, fourth quarter net income was US$463m compared with fourth quarter 2015 net income of US$591m. Annual net income was US$2.24bn compared with 2015 net income of US$2.18bn. Excluding special items, annual net income was
BOC Aviation Limited has successfully renewed its Aircraft Leasing Scheme (ALS) for a five-year period to June 2022. The Company’s current ALS will expire in June 2017. The ALS is an incentive scheme under which income derived from aircraft leasing operations is taxed at a concessionary tax rate, rather than the prevailing corporate tax rate
Boeing has reported fourth-quarter revenue of US$23.3bn with GAAP earnings per share of US$2.59 and core earnings per share (non-GAAP) of US$2.47 reflecting overall solid execution on production programs and services. Revenue was US$94.6bn for the full year reflecting strong commercial deliveries and services growth across the company. GAAP earnings per share totaled US$7.61 and
Woodward reported financial results for its first quarter of fiscal year 2017 ending December 31, 2016. Net sales for the first quarter of 2017 were US$443m, compared to US$445m for the first quarter of last year. Both Aerospace and Industrial segment sales were essentially flat with the prior year. Net earnings for the first quarter
Avolon, the international aircraft leasing company, issued an update for the 2016 fourth quarter (‘Q4’) and full year. 2016 was a transformational year for Avolon which included the completion of its acquisition by Bohai Capital, its agreement to acquire the aircraft leasing business of CIT Group and the delivery of 74 aircraft. Avolon’s owned, managed
CityJet reported the acquisition of Cimber A/S, the Copenhagen-based subsidiary of SAS (Scandinavian Airlines) and has won a major six year wet lease contract from SAS to operate regional services from Copenhagen, Denmark. CityJet’s current wet lease contract with SAS will increase from three years to six years and the Irish airline has also placed
Aviation Capital Group, the commercial aircraft leasing subsidiary of Pacific Life Insurance Company, has closed the sale of US$1bn of 2.875% unsecured senior notes due January 20, 2022 at a price of 99.364% of par. Proceeds from the Notes will be used for general corporate purposes, including repayment of existing indebtedness. The Notes are not
Rockwell Collins reported sales for the first quarter of fiscal year 2017 of US$1.2bn, a 2% increase from the same period in fiscal year 2016. First quarter fiscal year 2017 earnings per share from continuing operations increased to US$1.10 compared to US$1.00 in the prior year. Earnings per share from continuing operations for the first
Accenture (ACN) has entered into an agreement to acquire the corporate advisory and aviation consulting businesses of Seabury Group, a New York-based professional services firm focused on the aviation industry. The combination of Seabury’s corporate advisory and consulting businesses, together with Accenture’s global capabilities, will help the world’s leading airlines accelerate the pace of digital
Safran, an international high-technology group and tier-1 supplier of engines, systems and equipment in its core markets of Aerospace, Defense and Security, and Zodiac Aerospace a global leader in Aerosafety, Aircraft systems, Seats and Cabins, have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47
