GE reported plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG for US$1.4bn. Both companies will report into David Joyce, President & CEO of GE Aviation. Joyce will lead the growth of these businesses in the additive manufacturing equipment and services industry. In addition, he will lead the
Aviation Technical Services (ATS) has acquired Texas Pneumatics Systems (TPS), a company that provides repair and overhaul services for commercial airlines predominantly for pneumatic and fuel related components and systems. Located near Fort Worth, Texas, TPS is a world recognized high-quality repair station with a 20 year proven record that employs an experienced team of
TransDigm Group has entered into a definitive agreement to acquire Young & Franklin and its subsidiaries, including Tactair Fluid Controls. The Company manufactures proprietary, highly engineered valves and actuators. Revenues are anticipated to be about US$75m for the fiscal year ending December 2016 with aftermarket comprising approximately 70% of the revenue. Nearly 100% of the
During the first half of 2016 leisure carrier Small Planet Airlines grew its revenues by 9,9% to €72,3m when compared to the same period in 2015. The main reasons behind revenue growth was increased activity in Lithuania, Poland, and the United Kingdom, launch of flights under the German AOC, and return to the French market.
Aeroflot Group published its condensed consolidated interim financial statements for the six months ended 30 June 2016, in accordance with International Financial Reporting Standards. Revenue reached RUB223,824m, up 26.8% year-on-year, EBITDAR nearly doubled year-on-year to RUB 58,397m. The EBITDAR margin increased 7.3 percentage points (p.p.) to 26.1%; EBITDA more than doubled year-on-year to RUB30,035m. The
Airways New Zealand has reported a strong safety, operational and financial performance in the year ending 30 June, 2016. The state-owned enterprise (SOE) achieved a Group Net Operating Profit after Tax (NOPAT) of NZD$23.2m, well ahead of a budgeted NZD$16.5m and 54% up on the prior year. Airways’ positive financial result was supported by an
BOC Aviation has announced its unaudited results for the six months ended 30 June 2016. Robert Martin, Managing Director and Chief Executive Officer, said: “We completed a very successful first half of 2016, recording net profit after tax of US$212m, a 24% increase compared with the six months ended 30 June 2015. We also positioned
In the first half of 2016 the international technology group RUAG lifted its net sales by 8.7% to CHF896m despite a challenging business environment. Moreover, earnings before interest and taxes (EBIT) rose to CHF66m, a 40.7% increase over the prior-year period. Of total first-half sales, 59% relate to civil orders while orders from outside Switzerland
HEICO CORPORATION reported that net income increased 22% to US$42.0m in the third quarter of fiscal 2016, up from US$34.4m in the third quarter of fiscal 2015. In the first nine months of fiscal 2016, net income increased 18% to a record US$111.9m up from US$95.1m in the first nine months of fiscal 2015. Net
Qantas reported an underlying profit before tax of A$1.53bn for the 12 months ended 30 June 2016. The record performance is a 57% improvement on financial year 2015. Qantas Domestic, Qantas International, the Jetstar Group and Qantas Loyalty all reported record results. Total underlying EBIT in the domestic market – across both Qantas and Jetstar
