DVB increased its consolidated net income before taxes (and excluding net result from financial instruments in accordance with IAS 39) by 36.6%, to €91.1m (H1 2011: €66.7m). At €183.9m, total income for the first six months of 2012 (comprising net interest income after allowance for credit losses, net fee and commission income, results from investments
LMI Aerospace Inc., a leading provider of design engineering services and supplier of structural assemblies, kits and components to the aerospace, defense and technology markets, announced that it has acquired TASS Inc., a premier after-market engineering and support services firm. Headquartered in Kirkland, Washington, TASS delivers high-end engineering solutions to aircraft manufacturer, airlines, Maintenance, Repair
Astronics Corporations reported that sales in the second quarter of 2012 were $65.0m, up $9.5m, or 17.2%, from the prior year second quarter sales of $55.5m. Aerospace sales, which represented 96% of total second quarter sales, increased 20.2% over the prior year period to $62.4m. Test Systems sales decreased to $2.6m for the second quarter
L-3 Communications completed the acquisition of Thales Training & Simulation Ltd’s civil aircraft simulation and training business effective August 6, 2012. The company paid £83m (approximately $130m), subject to certain contractual adjustments to the purchase price, and was funded with cash on hand. The business, which is now known as L-3 Link Simulation & Training
Ryanair released that significantly higher fuel costs caused Q1 profits to fall by €40m (from €139m last year’s) to €99m. A 6% traffic growth combined with a 4% rise in average fares led to an 11% increase in revenues to €1,284m. Ancillary sales grew by 15% to €286m (outpacing traffic growth) accounting for 22% of
International Airlines Group (IAG) reported consolidated results for the six months ended June 30, 2012. IAG reported a second quarter 2012 operating loss of €4m, before exceptional items (2011: operating profit €190m) and an operating loss for the half year of €253m before exceptional items (2011: operating profit €88m). British Airways made an operating profit,
Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, reported that net income was $2.4m in the second quarter of 2012, compared to $2.7m in the year ago quarter, due to lower lease rent and maintenance reserve revenue and differences in gains from sale of leased equipment, partially offset by lower net
Pemco World Air Services, an industry leader in aircraft MRO and engineered services, announced that it has filed with the Bankruptcy Court for the district of Delaware, an amended and restated Asset Purchase Agreement with Avion Services Holdings, an affiliate of Sun Capital Partners. The Company anticipates that the sale to Avion Services Holdings will
ANA Group, Japan’s largest airline group, reported its consolidated financial results for the first three months (April – June) of fiscal year 2012. Operating revenues during the period rose by 12.5% to Â¥343.1bn, helping ANA return to profitability for the quarter. Operating income reached Â¥11.0bn compared with a loss of Â¥8.1bn the previous year, while
Deutsche Lufthansa AG reported an upward trend in earnings performance in the second quarter of this year. In the period from April to June, the Group earned an operating profit of €361m, nearly making up the loss sustained in the first quarter. Positive factors included consistent capacity and yield management in passenger and cargo traffic,
