Deutsche Lufthansa AG reported that in the course of realigning the Group’s IT activities, it will be entering into a long-term IT partnership shortly. According to the terms to be agreed, Lufthansa will outsource all of the Group’s IT infrastructure services to IBM. The IT group is also expected to take over the Infrastructure division
Boeing reported third-quarter revenue increased 7% to $23.8bn on higher deliveries. Core earnings per share (non-GAAP) increased 19% to $2.14, driven by strong performance across the company’s businesses. Third-quarter core operating earnings (non-GAAP) increased 13% to $2.4bn from the same period of the prior year. GAAP earnings per share was $1.86 and GAAP earnings from
B/E Aerospace released its third quarter 2014 financial results, with revenues increased by 24% and adjusted operating earnings increased 26%. Adjusted earnings per diluted share increased 63% (29% using comparable tax rate in both years). The Company currently estimates that it will incur, during the second half of 2014, debt redemption costs of approximately $235m,
BAE Systems has entered into a definitive agreement to acquire Perimeter Internetworking Corp., which trades as SilverSky, a commercial cyber service provider, for $232.5m (approximately £144.4m) on a cash free and debt free basis. Ian King, Chief Executive, BAE Systems, said: “The acquisition of SilverSky enhances our strategy to grow our Applied Intelligence commercial cyber
Triumph Group announced the acquisition of North American Aircraft Services (NAAS), a leading provider of aviation maintenance, repair and overhaul (“MRO”) services focused primarily on plane-side aircraft fuel systems. The acquired business will operate as Triumph Aviation Services – NAAS Division and be included in the Aftermarket Services Group. The business is expected to add
Heathrow Airport Holdings Limited has agreed to sell its 100% interest in Aberdeen International Airport Limited, Glasgow Airport Limited and Southampton International Airport Limited to a consortium formed by Ferrovial and Macquarie for £1,048m in cash and assumed debt, payable in full at closing. At closing, the sale consideration will be increased to compensate Heathrow
Virgin Australia reported an underlying loss before tax of $45.0m for the first quarter of the 2015 financial year, representing an 18.3% improvement over the prior corresponding period. The first quarter is traditionally a seasonally weaker period for Virgin Australia. Revenue increased 1.3% on the prior corresponding period. Notwithstanding the growth in high yielding passengers,
Fort Worth-based Novaria Group announced the acquisition of substantially all the assets of Weatherford Aerospace Inc., a provider of aircraft wing skins, formed structures and unique services related to the treatment and processing of aerospace products. Novaria plans to pursue strategic growth and expansion of Weatherford’s capabilities, while also delivering enduring value to customers, employees
Delta’s pre-tax income for the September 2014 quarter was $1.6bn, excluding special items, an increase of $431m over the September 2013 quarter on a similar basis. Delta’s net income for the September 2014 quarter was $1.0bn and its operating margin was 15.8%, excluding special items. On a GAAP basis including special items, Delta’s pre-tax income
Etihad Airways, the national airline of the United Arab Emirates, reported total revenues of US$1.8bn for the third quarter of 2014, an increase of 29%year-on-year, achieved on the back of accelerated passenger and cargo growth during the summer. A total of 3.9 million passengers travelled with Etihad Airways between July and September this year, 30%
