Aircastle Limited reported fourth quarter 2012 net income of $29.8m and adjusted net income of $36.4m. Net income for the year ended December 31, 2012 was $32.9m and adjusted net income was $57.0m. The fourth quarter results included total revenues of $176.6m an increase of 13%, versus $156.9m in the fourth quarter of 2011. For
2012 was the most successful financial year in the history of MTU Aero Engines Holding AG, as the company announced during the presentation of its provisional financial statements on Tuesday, February 19, 2013. MTU’s revenues reached the record level of €3,378.6m (2011: €2,932.1m), thus exceeding the company’s forecast of €3.3bn. The group also clearly met
The Board of Directors of Rockwell Collins authorized the company to purchase an additional $500m of Rockwell Collins common stock. With this announcement, the amount of share repurchases authorized available as of February 7th, 2013 was $604m.
AMR Corporation, the parent company of American Airlines, and US Airways Group announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine to create a premier global carrier, which will have an implied combined equity value of approximately $11bn based on the price
A group of Mexican businessmen, led by Eduardo Tricio, purchased on the Mexican Stock Exchange shares representing 20.19% of the outstanding shares of AEROMEXICO. With this transaction the group, which invested in the airline since 2007, will increase their holdings. As a result of this transaction, Eduardo Tricio is the only member of the Board
ST Aviation Resources has signed a joint venture agreement with CaterhamJet Holdings and EVIA Aviation to set up CJS Aviation. Established in Singapore with a fleet of regional jets, CJS specialises in private aircraft management and leasing in the Asia Pacific region. The issued and paid up capital of CJS will be US$10.5m (approximately S$13m),
Spirit AeroSystems reported fourth quarter and full-year 2012 financial results reflecting record revenue on higher ship set deliveries and solid core program operating performance. Spirit’s fourth quarter 2012 revenues were $1.426bn, up from $1.219bn for the same period of 2011 as the company benefited from higher production deliveries during the quarter. Operating income for the
Apollo Aviation Group (Apollo Aviation) and Sciens Capital Management LLC jointly announced that Apollo Aviation raised approximately $595m from a broad array of investors for its second aviation fund, Sciens Aviation Special Opportunities Investment Fund II (SASOF II). SASOF II is managed by Apollo Aviation, a full service commercial aircraft asset manager jointly owned by
Air Canada reported full year and fourth quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (“EBITDAR”) of $1.451bn (or $1.327bn before the impact of benefit plan amendments) compared to EBITDAR of $1.242bn in 2011. Including the favourable impact of benefit plan amendments, EBITDAR of $1.451bn increased $209m year-over-year (or $85m before
SIAEC Group posted a profit attributable to owners of the parent of $67.0m for the quarter ended 31 December 2012, which was $3.5m or 5.5% higher than the corresponding quarter last year. Revenue decreased $25.2m or 8.3%, mainly from lower fleet management and project revenue. However, expenditure fell by $28.0m or 10.2%, primarily from decreases
