Safran reported that third-quarter 2015 adjusted revenue was €4,141m, up 15.4% year-on-year at an average EUR/USD rate in Q3 2015 of 1.11. On an organic basis, growth was 4.6%, driven notably by an increase of civil aftermarket revenue (up 18.5% in USD). The full-year 2015 outlook is confirmed for adjusted revenue growth, adjusted recurring operating
UAL reported third-quarter net income of US$1.7bn, excluding special items. Including special items, UAL reported third-quarter net income of US$4.8bn. These results include a nonrecurring US$3.2bn non-cash gain associated with the reversal of the company’s income tax valuation allowance. For the third quarter of 2015 United reported revenue of US$10.3bn, a decrease of 2.4% year-over-year.
Kaman Corporation reported that its Aerospace segment has acquired Timken Alcor Aerospace Technologies (TAAT) of Mesa, Arizona. TAAT, which will be renamed “EXTEX Engineered Products, Inc.,” designs and supplies aftermarket parts to support businesses conducting maintenance, repair, and overhauls (MROs) in aerospace markets primarily located in North America. Kaman Corporation, Executive Vice President and Chief
The Boeing Company reported third-quarter revenue increased 9% to US$25.8bn on record commercial deliveries. Core earnings per share (non-GAAP) for the quarter increased 18% to US$2.52, reflecting strong performance across the company, and GAAP earnings per share was US$2.47. Core earnings per share (non-GAAP) guidance for 2015 increased to between US$7.95 and US$8.15, from US$7.70
Avolon, the international aircraft leasing company, announced that, at the extraordinary general meeting held on October 21st, the Company’s shareholders voted in favor of the proposal to authorize and approve the previously announced Merger Agreement, dated September 3rd, 2015 (the “Merger Agreement”), among Bohai Leasing (Parent), Mariner Acquisition (Merger Sub) and the Company, pursuant to
United Technologies reported third quarter 2015 results. Third quarter earnings per share of US$1.61 and net income attributable to common shareowners of US$1.4bn were down 17% and 19% respectively, versus the third quarter of 2014. Results for the current quarter include restructuring costs of US$0.06 per share, while earnings per share in the year ago
Volaris, the Mexican, ultra-low-cost airline reported its financial results for the third quarter 2015. Total operating revenues were Ps.5,220m for the third quarter, an increase of 30.7% year over year. Total operating revenue per available seat mile (TRASM) rose to Ps.134.4 cents for the third quarter, an increase of 5.4% year over year. Operating expenses
TAT Technologies, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has completed the acquisition of Chromalloy Israel for approximately US$3.5m. In addition, TAT will pay an earn-out, capped at US$2m, in the event that Chromalloy Israel meets certain annual revenue targets in 2015 and 2016. TAT
ATL Partners, an aerospace and transportation focused private equity firm, is partnering with the Public Sector Pension Investment Board, one of Canada’s largest pension investment managers, to form SKY Leasing. As part of the transaction, SKY Leasing will acquire certain assets of Sky Holding Company (“SHC”) controlled by leasing industry veteran Richard Wiley. Mr. Wiley
Delta Air Lines reported financial results for the September 2015 quarter, including adjusted net income of US$1.4bn up 45% from the September quarter of 2014. Delta’s operating revenue for the September quarter decreased 0.6%, or US$71m, including US$235m in foreign currency pressures. Passenger unit revenues declined 4.9%, which includes approximately 2.5 points of impact from
