Boeing signed an agreement to acquire ETS Aviation, a provider of fuel-efficiency management and analytics software. ETS Aviation solutions lead the market, providing more than 120 airlines and corporate flight departments the tools necessary to accurately monitor fuel consumption, identify fuel savings opportunities, and track and report carbon emissions. ETS Aviation’s fuel efficiency solutions support
Warburg Pincus, a leading global private equity firm, has entered into a definitive agreement whereby one of its affiliates will acquire Wencor Group, a leading designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners. Terms of the transaction were not disclosed.
El Al’s revenues for the first quarter of 2014 aggregated $415.4m, compared to $431.0m during the equivalent quarter in the previous year. The loss for the first quarter aggregated $39.7m, compared to a loss of $32.5m during the equivalent quarter in the previous year. The company’s cash flows from operating activities for the quarter aggregated
HEICO CORPORATION reported that net income increased 20% to $28.4m in the second quarter of fiscal 2014, up from $23.7 million in the second quarter of fiscal 2013. In the first six months of fiscal 2014, net income increased 28% to $55.8m, up from $43.7m in the first six months of fiscal 2013. Operating income
Avianca Holdings reported first quarter 2014 adjusted net income of $31.6m, excluding special items. Adjusted net income margin came in at 2.9%. Operating revenues amounted to $1.099bn, down 1.7% over 1Q 2013, mainly due to a 2.2% decrease in passenger revenues, driven by a yield decline of 4.4%, which was partially offset by a 3.3%
Air Canada reported first quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR of $147m compared to EBITDAR of $145m in the first quarter of 2013. Air Canada’s EBITDAR of $147m was consistent with the EBITDAR projection provided in the airline’s news release dated April 3rd, 2014 which forecasted EBITDAR in
GOL Linhas Aereas Inteligentes reported its results for the first quarter of 2014. Operating income totaled R$144m in 1Q14, 43% increase versus 1Q13, with an operating margin of 5.8%. In the last 12 months, GOL achieved an EBIT of R$309m and a margin of 3.3%. Net revenues reached R$2.5bn, 20% or R$411m, up year over
AeroCentury, an independent aircraft leasing company, reported its operating results for the first quarter ended March 31st, 2014. The Company reported net income of $0.4m for the first quarter of 2014, compared to net income of $3.8m for the first quarter of 2013. Total revenues were $8.0m for the first quarter ended March 31st, 2014,
AerCap Holdings has completed its previously announced acquisition of International Lease Finance Corporation (“ILFC”) from American International Group, (“AIG”). Under the terms of the agreement, AerCap paid AIG $3.0bn in cash and 97,560,976 AerCap ordinary shares, which represents an approximately 46% ownership position in AerCap’s ordinary share capital. In connection with the acquisition, AerCap Ireland
Airbus Group reported first quarter 2014 results reflecting the company’s continued focus on programme execution and achieving its operational milestones. Group order intake was €21.1bn (Q1 2013: €49.5bn), with the order book value amounting to €683.2bn on March 31st, 2014 (year-end 2013: €680.6bn). Airbus received 103 net commercial aircraft orders (Q1 2013: 410 net orders),
