Airbus Group has announced plans to set up a financial hub in Singapore as part of its strategy to support the financial business activities of all Airbus Group entities in Singapore and the Association of Southeast Asian Nations countries (ASEAN). The new Airbus Group Financial Hub team in Singapore will leverage its local presence to
Garuda Indonesia’s operating income decreased by 66.4%, amounting to US$56.4m, compared to the amount of US$168.1m received in 2012. Income for the period also declined from US$110.8m in 2012 to US$11.2m in 2013. Garuda Indonesia President & CEO, Emirsyah Satar, said that Garuda Indonesia’s financial performance in 2013 was influenced by rupiah’s decline against the
The first ever export credit financing package for the Sukhoi Superjet 100 was completed in December 2013 at delivery of the fourth out of twenty Sukhoi Superjet 100 (SSJ100) regional jets ordered by the Mexican airline Interjet. The aircraft was financed through a multilateral export credit guaranteed by Coface, SACE and VEB for the French,
WestJet released its fourth quarter and year-end results for 2013, with record net earnings of $268.7m up from the net earnings of $242.4m reported for the full-year 2012. For the fourth quarter, the airline reported diluted earnings per share of $0.52, up from $0.46 reported last year. This represents WestJet’s 35th consecutive quarter of profitability,
Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has acquired the entire share capital of U.K.-based APPH and U.S.-based APPH Wichita, subsidiaries of BBA Aviation. APPH is an integrated provider of landing gear and hydraulic systems and assemblies for original equipment manufacturer (“OEM”) and aftermarket applications. Headquartered in Runcorn, United Kingdom, APPH specializes in the
SIAEC Group posted a profit attributable to owners of the parent of $60.5m for the quarter ended 31st December 2013. During the quarter, revenue increased by $5.6m or 2.0% to $283.8m, while expenditure grew at a higher rate of 4.7% or $11.6m. As a consequence, operating profit of $25.2m was $6.0m lower than that for
Apollo Aviation Group, a multi-strategy aviation investment manager specializing in mid-life and mature aircraft, has contracted to purchase five aircraft for $53m in the fourth quarter of 2013 on behalf of its second aviation fund, SASOF II. The aircraft include three in-production models (A320ceo family aircraft). Since SASOF II’s inception, Apollo Aviation has contracted to
Wesco Aircraft, a leading provider of comprehensive supply chain management services to the global aerospace industry, has entered into an agreement to acquire Haas Group for $550m in cash, subject to certain closing adjustments, from certain investment funds affiliated with The Jordan Company. With $573.5m in 2012 revenues, Haas is a leading global provider of
B/E Aerospace reported that fourth quarter 2013 commercial aircraft segment (CAS) revenues increased 19.6% while operating earnings of $84.0m increased 22.4% as compared with the prior year period. Operating margin of 17.6% expanded 40 basis points as compared to the same period of the prior year, due to operating leverage at the higher revenue level
Boeing Commercial Airplanes fourth-quarter revenue increased to $14.7bn and full-year revenue increased to a record $53bn on higher delivery volume. Fourth-quarter operating margin improved to 10.3% and full-year operating margin grew to 10.9% on the higher volume, favorable delivery mix and continued strong operating performance. During the quarter, the company launched the 777X with 259
