Nordic Aviation Capital reported that profit from ordinary operating activities increased 63% in 2012/13, from US$125.6m to US$204.4m. The operating profit, including aircraft value adjustments, increased 51%, from US$95.0m to US$143.7m. These results are in line with company expectations. The 2012/13 annual accounts, which ended 30.06.13 showed an increase in revenues of 51% up from
Rockwell Collins announced guidance for fiscal year 2014. The company expects revenue between $4.5bn and $4.6bn, earnings per share in the range of $4.30 to $4.50, and cash flow from operations of $550m to $650m. Total segment operating margins are expected to be in the range of 21% to 22%. The guidance ranges in this
Air Canada has priced its previously announced private offerings of senior secured first lien notes to be denominated in Canadian dollars and senior secured second lien notes to be denominated in U.S. dollars, as well as an additional private offering of senior secured first lien notes to be denominated in U.S. dollars. Air Canada has
Triumph Group reported that it expects to record pre-tax additional program costs during fiscal year 2014 totaling approximately $68.0m, primarily associated with the 747-8 program. Of the total incremental costs, approximately $44.0m, will be included in the company’s second quarter fiscal year 2014 financial results. The company expects that approximately $11.0m will be reflected in
Erickson Air-Crane Incorporated announced the completion of its previously announced acquisition of Air Amazonia Serviços Aeronauticos Ltda. (“Air Amazonia”) and certain related assets from HRT Participações em Petróleo S.A. (“HRT”). The final terms of the acquisition, which provides Erickson with a five-year aerial services agreement (including annual renewals) with minimum revenue of $29m per year
Air Seychelles reported a strong second quarter and half-year financial performance, reflecting continued solid growth and success in its turnaround strategy. In Q2, the national carrier of the Republic of Seychelles posted total revenues of US$26.03m (up from $10.87m in 2012), a significant increase of 139%. Total revenues for the first half of 2013 reached
Rolls-Royce has completed the sale of its 50% shareholding and interest in the RTM322 helicopter engine programme to Turbomeca (a Safran company), for which it has received a cash consideration of €293m. Turbomeca now assumes full responsibility for managing the design, production and support of the RTM322 engine, which powers the Apache, EH101 Merlin and
Marshall Aerospace and Defence Group (Marshall ADG) announced the purchase of Beechcraft’s flagship European MRO business, Hawker Beechcraft Limited. At its Broughton location in the UK, the site, also known as Hawker Beechcraft Services Chester, has provided a full range of maintenance, modification, paint and upgrade services to owners of Hawker and Beechcraft aircraft for
BOC Aviation’s unaudited net profit after tax for the first six months to June 30th, 2013 was US$163m, 57% higher than the same period last year. During the first half, the company – which has been consistently profitable since it was founded in November 1993 – also exceeded US$1bn in cumulative net profit after tax
Jazz Aviation has completed the sale of its London, Ontario hangar and office facility to Fanshawe College for $3.85m in cash. This transaction follows Jazz’s previously announced decision to consolidate its London and Halifax heavy maintenance bases in Halifax following a comprehensive review of its heavy maintenance requirements. In addition, the divestiture of the London,
