Air New Zealand posted its 2015 annual result with earnings before taxation of NZ$496 million for the 2015 financial year, an increase of 49% on the prior year. Statutory earnings before taxation were NZ$474m, while statutory net profit after taxation was NZ$327m (US$210m), an increase of 24%. Capacity growth supported by strong demand, cost efficiencies
International technology group RUAG managed to maintain its profit margin and generate stable earnings in the first half of the year despite difficult global economic conditions. The Group posted an organic decline in sales of 5.4% (CHF 49m) due to revenue being deferred into the second half of the year, when RUAG expects to be
HEICO CORPORATION reported that net income increased 3% to US$34.4m in the third quarter of fiscal 2015, up from US$33.4m, in the third quarter of fiscal 2014. In the first nine months of fiscal 2015, net income increased 7% to US$95.1m up from US$89.2m in the first nine months of fiscal 2014. Operating income increased 17%
HEICO Corporation has completed two more acquisitions, in addition to one announced last week. Both purchases were made for cash, but other transaction terms and financial details were not disclosed. HEICO stated that it expects both acquisitions to be accretive to its earnings within the first year after the closing. The Company’s Electronic Technologies Group
Hong Kong Aviation Capital (HKAC) announced the completion of a new $725m secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility was oversubscribed and is priced competitively at a margin of 2.00%. The facility was structured by Credit
Qantas posted its strongest profit since before the Global Financial Crisis, a AU$505m capital return to shareholders and a Boeing 787 Dreamliner order to start a new era for Qantas International. For the 12 months to 30th June 2015, Qantas reported an Underlying Profit Before Tax of AU$975m and a Statutory Profit Before Tax of
GOL reported that net revenue reached R$2.1bn in the second quarter of 2015, a 10.5% decline compared to the same period in 2014 – reflecting the country’s economic activity slowdown. Ancillary and cargo revenues reached R$284.3m, an increase of 13.8% compared to 2Q14, representing 13.3% of total net revenues. International revenues had a share of
Air Partner, the global aviation services group, announced the acquisition of Baines Simmons, a world leading Aviation Safety Consultant for a total net cash consideration of up to £6.0m. The acquisition is expected to be earnings enhancing in its first full year of ownership. The reputation of the Baines Simmons brand and the expertise of
The HAECO Group reported an attributable profit of HK$254m for the first six months of 2015. This compares with a profit of HK$283m for the equivalent period in 2014. Earnings per share decreased by 10.2% to HK$1.53. Revenue increased by 7.4% to HK$5,734m. Performance for line maintenance services of HAECO in Hong Kong was good.
Global aeronautical communications provider Satcom Direct Communications, has entered into a purchase agreement to acquire Airbus DS SatCom Government (ASGI), expanding its market presence and offerings to the U.S. government sector. ASGI is a government satellite communications business unit of Airbus Defense and Space for the U.S. market and will operate as a subsidiary of
