Revenues amounted to US$601.2m, compared to US$643.3m during the equivalent quarter in the previous year, a decline of 6.5%. Revenues per passenger declined by 7.3%, mainly as a result of a drop in the yield per passenger-kms, as a result of the negative effects of the ‘Operation Protective Edge’. Revenues from cargo transport increased by
Glyn Wall has acquired Sycamore Aviation’s aircraft decommissioning business located at Durham Tees Valley Airport (DTVA) in the UK. The Company will continue to trade under the Sycamore Aviation brand. Sycamore Aviation is fully operational at its home base at DTVA in the North East of England, and will also continue to offer its worldwide
B/E Aerospace board of directors has approved the separation of its Consumables Management Segment, consisting of B/E Aerospace’s aerospace distribution and energy services businesses, which will be known as KLX (KLX), through a dividend distributing all of the shares of KLX common stock on a pro rata basis to the holders of B/E Aerospace’s common
Sogeclair, the French based aerospace engineering and contracting company has purchased 80% of Montreal, Canada-based precision engineering company MSB Group, for an undisclosed amount. The management of the MSB Group, which consists of the engineering division MSB Design and the contract engineering company MSB Ressources Globales, made the decision to join Sogeclair following discussions with
Ethiopian Airlines has secured a US$41.4m 7-year junior loan facility from ING Capital for the acquisition of two Boeing 777 freighter aircraft. The senior debt is supported by Ex-Im Bank and was provided by another financial institution with ING as their co-arranger. The junior lender benefits from a second priority interest in the security package
Wescos Aircraft’s net sales in the fiscal 2014 fourth quarter were US$408.2m an increase of 74% compared to US$234.3m in the prior year period. External sales in the North America segment increased 72%, while Rest of World external sales increased 83%, in each case, compared to the fiscal 2013 fourth quarter. The external sales increase
Copa Holdings posted financial results for the third quarter of 2014. Net income of US$66.0m for 3Q14, excluding special items, Copa Holdings would have reported an adjusted net income of US$99.8m, a 14.1% decrease from adjusted net income of US$116.2m for 3Q13. Operating income for 3Q14 came in at US$111.1m, a 24.7% decrease from operating
Héroux-Devtek, a leading Canadian manufacturer of aerospace products, today reported its results for the second quarter of fiscal 2015 ended September 30, 2014. Results include the contribution of APPH Limited and APPH Wichita Inc. (collectively “APPH”), acquired on February 3, 2014. Consolidated sales grew 49.1% to CA$84.1m, up from CA$56.4m in the second quarter of
Intrepid Aviation announced the financing of one Airbus A330-300 on lease to China Airlines. The aircraft was purchased with cash earlier this year. Credit Agricole CIB and CIC are the long-term lenders in this transaction. Intrepid Aviation is a privately held commercial aircraft lessor, which owns commercial aircraft leased to airline operators worldwide. Intrepid Aviation
Airbus Group reported improved results for the first nine months of 2014, driven by an enhanced operational performance across the company. Demand for the Group’s products remains strong overall with a net book-to-bill for commercial aircraft above 1 at the end of September, already fulfilling the full-year target. Group order intake in the first nine
