GOL Linhas Aéreas Inteligentes, the largest, low-cost and low-fare airline in Latin America, released that it signed an exclusive long term strategic partnership for commercial cooperation with Air France-KLM, subject to the approval of the antitrust authorities (CADE). The agreement includes expanded codesharing, enhanced joint sales activities and more benefits for customers based on both
For the fourth quarter 2013, Chorus reported earnings before interest, taxes, depreciation and amortization (‘EBITDA1’) of $48.9m compared to $39.9m in the same quarter 2012, an increase of $9.0m. Operating income was $32.5m, $7.3m higher than the same period 2012. Adjusted net income of $20.8m, was up by $3.1m over fourth quarter 2012. For the
Macquarie Infrastructure Company reported its financial results for 2013 including a 12.2% and 25.4% increase in proportionately combined Free Cash Flow for the fourth quarter and full year, respectively. The increases reflect better than anticipated results at MICs Atlantic Aviation business, partially offset by higher operating expenses and maintenance capital expenditures at International-Matex Tank Terminals.
Airbus is increasing its share in the Harbin Hafei Airbus Composite Manufacturing Centre (HMC), from 20 to 25%. The joint-venture which was set up in 2009 is between Airbus and a group of Chinese partners. AVIC (the Aviation Industry Corporation of China) is the holding group of major Chinese shareholding companies that own the centre.
Spirit Airlines reported that net income for the fourth quarter 2013 increased 109.9% to $41.0m, compared to $19.5m for the fourth quarter 2012. GAAP net income for the fourth quarter 2013 was $43.2m compared to $19.6m in the fourth quarter 2012. Adjusted net income for the full year 2013 increased 71.0% to $177.5m compared to
BOC Aviation has priced a private placement of RMB 300m of 10-year senior unsecured fixed rate notes (the “Notes”). This is first 10-year offshore RMB bond issued by BOC Aviation and the first to be issued by an aircraft operating lessor. The transaction, arranged by DBS Bank, was issued off BOC Aviation’s US$2bn Euro Medium
MTU Aero Engines AG has built on the record year of 2012 with its business figures for 2013: MTU improved its all-time high in revenues to €3,741.7m (2012: €3,378.6m), and is thus fully in line with its revenue forecast of around €3.7bn. Earnings matched the record level of 2012: At €377.3m, operating profit clearly met
Astronics Corporation reported consolidated sales increased by $38.0m, or 56.4%, to $105.5m compared with the same period last year. The acquired businesses accounted for $23.8m of sales in the 2013 fourth quarter, all in the aerospace segment. Consolidated gross profit was $25.2m, up $7.6m from the fourth quarter of 2012. Consolidated gross margin was 23.9%
Bombardier Aerospace’s revenues amounted to $2.9bn for the three-month period ended December 31, 2013, compared to $2.6bn for the corresponding period last fiscal year. For the year, revenues totalled $9.4bn, compared to $8.6bn last fiscal year. For the fourth quarter ended December 31, 2013, EBIT totalled $93m, or 3.2% of revenues ($94m, or 3.3%, before
Copa Holdings reported net income of $113.9m for 4Q13, as compared to net income of $86.6m in 4Q12. Excluding special items, which for 4Q13 includes a non-cash impairment charge of $31.2m on Intangible Assets booked in 2005 related to the acquisition of AeroRepublica (now Copa Colombia) and a non-cash gain of $2.6mn associated with the
