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
Lufthansa Technik Group’s 1.9% decline in revenue in 2012 to €4.0bn was characterized by a drop in business with other companies in the Lufthansa Group, but also by an increase in revenue with external customers, whose share of the total revenue rose by 5 percentage points to reach 61%. The operating result climbed by 24%
First Aviation Services released that it has entered into an agreement to sell the majority of its interest in Aerospace Products International (“API”) to Cleveland-based private equity firm Resilience Capital Partners. API, which is based in Memphis, is a global aviation parts and equipment distributor which also provides supply chain management services to the aviation
Erickson Air-Crane Incorporated, a leading operator and the manufacturer of the powerful Erickson S-64 Aircran heavy-lift helicopter, has executed a stock purchase agreement for the purchase of Evergreen Helicopters (EHI), from Evergreen International Aviation. EHI, based in McMinnville, Oregon, is a diversified global provider of air transport services for cargo and personnel to government and
AAR reported third quarter fiscal year 2013 consolidated sales of $520.2m and net income of $18.4m. This compares to year-ago sales of $534.2m and net income of $20.6m. The prior year’s third quarter included an income tax benefit of $4.0m. Sales in the Aviation Services segment increased 9% to $408.2m oand sales in the Technology
BOC Aviation has priced S$75m in 2% Senior Unsecured Notes due 2015. The Notes will close on 26th March 2013, subject to satisfaction of customary closing conditions. The transaction, arranged by United Overseas Bank, was issued off BOC Aviation’s US$2bn Euro Medium Term Note Programme established in September 2012.
