The EADS Board approved an 18-month share repurchase programme up to € 3.75bn. The Share Buyback Programme (the “Buyback”) is to be carried out in accordance with the authority conferred by the Company’s shareholders at the Extraordinary General Meeting held on 27 March 2013 for a repurchase of up to 15% of EADS’s issued and
Pilatus Aircraft, based in Switzerland, announced positive annual results for 2012, despite turnover and operating profit decreasing as expected compared with the previous year. Thanks to three major orders received totalling over CHF2.2bn, Pilatus is well-prepared for the future. In the past year alone, the number of employees at the headquarters in Stans grew by
Avcorp Industries reported its financial results for the year ended December 31, 2012 . During the year the Company recorded income from operations of $24,002,000 on $89,337,000 revenue, as compared to a $362,000 operating loss on $86,018,000 revenue for the preceding year; and net income for the current year of $20,641,000 as compared to a
AerCap Holdings N.V. released that Cerberus Capital Management through its affiliate, Fern S.a.r.l., sold approximately 8.2 million ordinary shares in the Company. This sale has reduced Cerberus’ stake in AerCap to less than 0.1%. The sale was made under a registration statement that became effective with the U.S. Securities and Exchange Commission on March 14,
After completing all required approval procedures, Safran has finalized the acquisition of Goodrich Electrical Power Systems (GEPS), a leading supplier of on-board aerospace electrical power systems. The cash consideration for the transaction amounts to approximately €300m. GEPS brings new capabilities to Safran’s product offering, including the critical electrical power generation know-how and experience which is
The Board of Directors of Finnair Plc has decided to launch an employee share savings plan for Finnair employees. The objective of the plan is to encourage the employees to become shareholders in the company, and thereby strengthen the employees’ interest in the development of Finnair’s shareholder value, and reward them. Participation in the share
BOC Aviation’s net profit after tax for the financial year ended 31 December 2012 was US$225m, 12% higher than the previous record of US$201m achieved last year. The company has maintained consistent profitability since it was founded in November 1993. During 2012, BOC Aviation’s total assets increased by 20% to US$9.1bn from US$7.6bn, with US$614m
GOL Linhas Aereas Inteligentes S.A. announced its results for the fourth quarter of 2012. Revenue per available seat-kilometer (RASK) grew by 10.5% over 4Q11, owing to the strategy of rationalizing supply adopted in March 2012. In 4Q12, GOL incurred additional costs of R$197mm due to the winding up of Webjet’s operations and impairment of assets.
RUAG posted a free cash flow of CHF 150m in 2012, on net sales of CHF 1,741m (previous year: CHF 1,714m). EBIT, i.e. earnings before interest and taxes, increased by 3.7% to CHF 114m (CHF 110m) despite a difficult market environment characterized by declining state budgets. The EBIT margin held steady at 6.4%. All five
Airbus signed a Memorandum of Understanding (MoU) on cooperation in aircraft financing and leasing with Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi’s largest bank. ADNL and Airbus will share competence and experience to cooperate on leasing projects, financing projects and
