WestJet announced its third quarter 2013 results, with net earnings of $65.1m. This compares with the net earnings of $70.6m reported in the third quarter of 2012. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8%, compared with the 14.4% reported in the previous quarter, and one of
Hong Kong Aviation Capital, a leading investor in global aviation finance, announced DVB closed refinancing on two Asiana A320-200 aircraft. DVB Bank has closed a commercial financing facility with Hong Kong Aviation Capital (HKAC) in October 2013 for two 2006-vintage A320-200 aircraft on operating lease with Asiana Airlines. The German bank acted as arranger, agent
MTU Aero Engines AG signed a new syndicated credit facility for 400 million euros, thus securing the group’s funding in the long term. The loan agreement with a syndicate consisting of five banks runs for five years and includes an option to extend the agreement for two years. This funding, which is used for general
Bombardier Aerospace’s revenues amounted to $2.0bn for the three-month period ended September 30, 2013, compared to $2.3bn for the same period last fiscal year. EBIT totalled $86m or 4.3% of revenues for the third quarter ended September 30, 2013, compared to $118m, or 5.2%, last fiscal year. Free cash flow usage amounted to $406m (including
Aircastle reported a third quarter 2013 net loss of $74.6m and an adjusted net loss of $69.1m. The third quarter results included operating and finance lease rental revenues of $165.3m, an increase of 1.4%, versus $163.1m in the third quarter of 2012. The third quarter 2013 results include $106.1m of non-cash impairment charges consisting mostly
In the third quarter of 2013, Embraer delivered 19 commercial and 25 executive (21 light and 4 large) jets. The Company’s firm order backlog grew to US$17.8bn, reaching its highest level since the third quarter of 2009, mainly as a result of significant orders in the Commercial aviation segment. As a result of aircraft deliveries,
Spirit Airlines reported that adjusted net income for the third quarter 2013 increased 130.3% to $57.9m compared to $25.2m for the third quarter 2012. GAAP net income for the third quarter 2013 was $61.1m compared to $30.9m in the third quarter 2012. Spirit achieved an adjusted pre-tax margin of 20.3%, the highest quarterly adjusted pre-tax
JetBlue reported record third quarter operating revenues of $1.4bn. Revenue passenger miles for the third quarter increased 5.4% to 9.56bn on a capacity increase of 5.1%, resulting in a third quarter load factor of 85.0%, an increase of 0.2 points year over year. Operating expenses for the quarter increased 8.1%, or $95m, over the prior
Safran released that third-quarter 2013 adjusted revenue was €3,437m, up 9.7% on a reported basis, up 10.9% on an organic basis, compared to third quarter 2012. Aerospace (Propulsion and Equipment)) activities continue to benefit from civil aftermarket growth and OE momentum. Revenue was slightly up in Defence activities and – due to adverse currency variations
Rockwell Collins reported fiscal year 2013 earnings per share of $4.58, an increase of 10% from 2012. Total company sales for fiscal year 2013 were $4.61bn, a 2% decline from last year. The lower sales volume was driven by an 8% decrease in Government Systems sales, partially offset by a 4% increase in Commercial Systems
