SIAEC Group posted a profit of $265.7m for the financial year ended March 31st, 2014. Revenue grew by $31.5m or 2.7%, mainly due to an increase in line maintenance and airframe and component overhaul work, while expenditure increased $44.0m or 4.3%. As aresult, operating profit was $12.5m or 9.8% lower at $115.6m. The increase in
Willis Lease Finance Corporation (WLFC), the premier independent jet engine lessor in the commercial finance sector, reported first quarter 2014 net income was $4.3m, compared to $1.6m, in the first quarter of 2013, and $6.6m in the fourth quarter of 2013. At March 31, 2014, Willis Lease had 200 commercial aircraft engines, 5 aircraft parts
Spirit AeroSystems reported first quarter 2014 financial results demonstrating continued robust demand for large commercial aircraft and strong mature program operating performance. Spirit’s first quarter 2014 revenues were $1.7bn, up from $1.4bn for the same period of 2013 on higher production volumes and four additional workdays in the quarter. Operating income was $194m, up from
Aerostar S.A the leading Romanian aerospace company has recorded another successful financial year, with turnover up 8% in 2013, exports increased from 71% to 86% of turnover, and profits stable. Investment in plant and machinery also increased and employment rose by over 300 people to reach a total of nearly 1900. Building on its strategy
Bombardier Aerospace’s revenues amounted to $2.1bn for the three-month period ended March 31, 2014, compared to $2.3bn for the same period last fiscal year. EBIT totalled $93m or 4.5% of revenues for the first quarter, compared to $101m, or 4.5%, last fiscal year. EBIT before special items totalled $105m, or 5.0% of revenues, for the
Republic’s pre-tax income from continuing operations was $22.8m an 18.1% increase over the March 2013 quarter. As of Dec. 31, 2013, Republic had a significant amount of federal net operating loss carryforwards and does not anticipate paying significant federal taxes for the next several years. Republic’s net income for the March 2014 quarter was $14.0m.
During the first quarter of 2014, the economy in China remained stable as the economies in Europe and the U.S. slowly recovered. The demand of the aviation air passenger market grew steadily and the air cargo market showed a slight improvement when compared to the same period last year. During the Period, the Group’s operating
GA Telesis announced its asset transactions for the fourth quarter 2013 and the first quarter of 2014. The company added the following assets to its portfolio: two Boeing B767-200ER, two B757-200 aircraft, one B737-800, one B777-200ER, one Airbus A320-200, one A310-300 aircraft and one new CF34-10E5A1 engine. The company sold or leased eight MD-80 airframes,
In the first quarter of 2014, Embraer delivered 14 commercial and 20 executive (17 light and 3 large) jets, the Company’s firm order backlog grew to US$19.2bn, reaching its highest level since the second quarter of 2009, mainly as a result of orders in the Commercial Aviation segment. As a result of aircraft deliveries, coupled
Volaris, the ultra-low-cost airline serving Mexico and the US, reported its financial results for the first quarter 2014. Total operating revenues were Ps.2,775mn for the first quarter, a decrease of 9%, reflecting a challenging macroeconomic and pricing environment, as well as a seasonal impact. Holy week, one of the most active travel weeks in Mexico,
