Delta’s pre-tax income for the March 2014 quarter was $444m, excluding special items, an increase of $363m over the March 2013 quarter on a similar basis. Delta’s net income for the March 2014 quarter was $281m, excluding special items. This is $196m higher year over year despite $163m of non-cash tax expense now recognized after
Boeing Commercial Airplanes first-quarter revenue increased to $12.7bn on higher 787 and 737 deliveries. First-quarter operating margin improved to 11.8% reflecting the delivery volume and mix and lower period costs partially offset by higher R&D. During the quarter, the 787 program reached a 10 per month production rate and completed preliminary design review on the
B/E Aerospace’s first quarter 2014 revenues of $1.01bn increased 20.1% as compared with the prior year period. First quarter 2014 operating earnings, excluding $2.2m of costs related to first quarter acquisitions, were $185.2m, an increase of 20.6%. Operating margin, adjusted to exclude acquisition costs, was 18.3% and increased 10 basis points as compared to the
In preparation of future plans the holding company Small Planet Group has been established to take ownership of the Small Planet Airlines of Lithuania and Poland, along with other aviation related investments. There is no change in shareholding. The shareholders of Small Planet Group are Vytautas Kaikaris and Andrius Staniulis who acquired the Company in
BOC Aviation has raised the limit of its Euro Medium Term Note Programme (“EMTN Programme”) to US$5.0bn from US$2.0bn. The EMTN Programme was established in September 2012. Notes issued pursuant to the EMTN Programme may be listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) or such other or further stock exchange(s) and/or competent listing
The Ontario Teachers’ Pension Plan (Teachers’) and GE Aviation announced a strategic partnership to support the development of advanced technologies for the GE9X engine. The GE9X engine will power Boeing’s new wide-body 777X aircraft, and will provide a 10% improvement in fuel consumption over the existing GE90-115B engine. The 777X aircraft is scheduled to enter
Honeywell released that sales for its aerospace segment were down 2% compared with the first quarter of 2013 driven by an 8% decline in Defense & Space sales as a result of planned program ramp downs and delays, as well as lower Government Services, partially offset by Commercial growth. Commercial OE sales were up 1%
Rockwell Collins reported total sales for the second quarter of fiscal year 2014 were $1.27bn, an increase of 12% from the same period in 2013 primarily due to the acquisition of ARINC. Total segment operating earnings for the second quarter of fiscal year 2014 were $254m, an increase of $25m, or 11%, from the same
Etihad Airways, the national airline of the United Arab Emirates, has announced its strongest ever passenger and cargo volumes for a first quarter, together with US$1.4bn in total revenues during the three-month period, marking a year-on-year increase of 27%. A total of 3.2m passengers travelled with Etihad Airways during the first quarter of 2014, over
Air Canada has priced its previously announced private offering of senior unsecured notes. The offering was upsized from the previously announced US$300m aggregate principal amount as Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to US$400m of 7.75% senior unsecured notes due 2021 (the “Notes”). The Notes will be
