The U.S. Bankruptcy Court for the Southern District of New York has approved Hawker Beechcraft’s Joint Plan of Reorganization (Plan), paving the way for the company to emerge from Chapter 11 in the second half of February. In confirming the Plan, Judge Stuart M. Bernstein found that it satisfied all of the requirements of the
Sagem (Safran), a European leader in navigation systems, has acquired the Swiss company Colibrys SA, specialized in high-performance micro-sensors (acceleration and vibration) based on silicon MEMS (micro-electro-mechanical system) technology. Colibrys has developed world-class expertise in this market, and is a leading supplier to the energy, robotics, defense, automotive, rail, instrumentation and infrastructure sectors. It is
B/E Aerospace reported that fourth quarter 2012 commercial aircraft segment (CAS) revenues increased 13.9% while operating earnings of $68.6m increased 17.9% as compared with the prior year period, and operating margin of 17.2% expanded 60 basis points, due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives. For the year ended
SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1mi or 1.4%
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.2bn and full-year revenue increased to a record $49.1bn on higher delivery volume. Fourth-quarter operating margin was 8.9% and full-year operating margin was 9.6%, both reflecting the dilutive impact of 787 and 747-8 deliveries and higher period costs partially offset by the higher volume and lower R&D. During
Air Lease Corporation intends to commence a public offering of $400.0m in aggregate principal amount of senior unsecured notes due 2020. The interest rate and other terms of the Notes will be determined at the time of the pricing of the offering and will depend on market and other conditions. The Company intends to use
JetBlue Airways Corporation (JBLU) reported operating income of $44m in the fourth quarter, this compares to operating income of $83m in the year-ago period. For the full year 2012, JetBlue reported operating income of $376m, this compares to operating income of $322m for the full year 2011. Pre-tax income of $1m in the fourth quarter,
Ryanair on Jan 28th announced Q3 profits of €18m, up €3m on last year despite an €81m increase in fuel costs. Revenues rose 15% to €969m as traffic grew 3% to 17.3m passengers. Unit costs rose 11% mainly due to a 24% (€81m) increase in fuel. Excluding fuel Q3 unit costs rose by 4%, while
Hawker Beechcraft released that the key creditors, voting in the company’s solicitation process, have overwhelmingly approved its proposed Joint Plan of Reorganization (Plan). The company also announced that J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC have agreed to act as joint lead arrangers and joint bookrunners to structure, arrange and syndicate $600m
Eurocopter released that strong growth in services and the 475 rotorcraft delivered last year generated a new turnover high of €6.3bn – 15% more than in 2011, when the Group reached a previous record of €5.4bn. Milestones in 2012 included deliveries of the first enhanced AS350 B3e version and the initial latest-generation EC130 T2 helicopter
