Spirit AeroSystems Holdings, reported second quarter 2013 financial results reflecting continued strong demand for large commercial aircraft, strong mature program operating performance, and the impact of new program charges. Spirit’s second quarter 2013 revenues were $1.521bn, up 13% from $1.341bn for the same period of 2012, driven by higher production volumes and non-production revenues. Operating
The HAECO Group reported an attributable profit of HK$359m for the first six months of 2013. This compares with a profit of HK$455m for the equivalent period in 2012. Earnings per share decreased by 21.1% to HK$2.16. Turnover increased by 11.1% to HK$3,222m.
DVB Bank SE presented its results for the first six months of 2013. Consolidated net income before taxes for the first half of the year was 6.2% lower than in the previous year (H1 2012: €70.8m). The year-on-year change was due to a non-recurring effect in the first half of 2012: namely, the sale of
Rockwell Collins has reached a definitive agreement to acquire ARINC Incorporated, a portfolio company of The Carlyle Group, and a leader in communications and information processing solutions for the commercial aviation industry, for $1.39bn. The transaction will bring together two leading players in the growing field of aviation information management, combining ARINC’s trusted networks and
Milestone Aviation Group, a global leader in helicopter leasing, has closed on a five-year, $600m revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750m. This revolver represents the largest-ever debt facility for a helicopter lessor and will be used to fund growth initiatives and acquisitions. Since
Air Lease Corporation reported that revenues in the second quarter increased 31.4% to $207.9m for the three months ended June 30, 2013 compared to $158.2m for the three months ended June 30, 2012. Income before taxes increased 51.1% to $66.3m with a pretax margin of 31.9% for the three months ended June 30, 2013 compared
AeroCentury Corp., an independent aircraft leasing company, reported its operating results for the second quarter ended June 30, 2013. The Company reported net income of $0.9m for the second quarter of 2013, compared to net income of $1.0m for the second quarter of 2012. The Company reported net income of $5.0m for the six months
Air Canada reported adjusted net income of $115m in the second quarter of 2013 compared to an adjusted net loss of $7m in the second quarter of 2012. Second quarter EBITDAR amounted to $385m compared to EBITDAR of $312m in the second quarter of 2012, an increase of $73m. On a GAAP basis, Air Canada’s
Virgin America reported its financial results for the second quarter of 2013 with operating income of $27.9m and net income of $8.8m (compared to a year-ago loss of $31.8m, an improvement of more than $40m), on total revenue of $376m for the three months ending June 30. The airline posted an 8.6 point improvement in
Willis Lease Finance Corporation (WLFC) reported earnings of $9.7m in the second quarter ended June 30, 2013, compared to $1.6m in the preceding quarter and $2.4m in the second quarter a year ago. For the first six months of 2013, net income attributable to common shareholders was $11.3m compared to $5.0 million in the first
