Financial

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

Airbus Group reported nine-month 2016 results which reflect the ongoing ramp-up and transition from current to new aircraft models (NEO). Group order intake in the first nine months of 2016 was €73.2bn (9m 2015: €111.9bn), with the order book value totalling €986bn as of 30 September 2016 (year-end 2015: €1,006bn). Airbus received 380 net commercial

Boeing reported third-quarter GAAP earnings per share of US$3.60 and core earnings per share (non-GAAP) of US$3.51 reflecting overall solid execution on production programs and services, favorable tax items (US$0.98 per share), and timing of aircraft deliveries. Rvenue guidance has been increased US$500m to between US$93.5 and US$95.5bn on higher commercial deliveries. GAAP earnings per

For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to the third quarter 2015, driven by a 12.6% increase in flight volume and 0.8 point increase in load factor, partially offset by a decrease in operating yields. Total revenue per available seat mile (TRASM) for the third quarter

In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3m (1-9/2015: €3,257.0m). The group’s operating profit increased by 18% to €393.8m (1-9/2015: €333.1m), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4m (1-9/2015: €231.4m). The increase in MTU’s revenues