Eurocopter released that strong growth in services and the 475 rotorcraft delivered last year generated a new turnover high of €6.3bn – 15% more than in 2011, when the Group reached a previous record of €5.4bn. Milestones in 2012 included deliveries of the first enhanced AS350 B3e version and the initial latest-generation EC130 T2 helicopter
Alaska Air Groupreported fourth quarter 2012 GAAP net income of $44m, compared to GAAP net income of $64m in 2011. Excluding mark-to-market fuel hedge losses of $10m ($6m after tax), the company reported record fourth quarter 2012 net income of $50m, compared to net income excluding mark-to-market fuel hedge gains of $37m in 2011. The
United Continental Holdings reported full-year 2012 net income of $589m excluding $1.3bn of special charges. Including special charges, UAL reported a full-year 2012 net loss of $723m. UAL reported a fourth-quarter 2012 net loss of $190m excluding $430m of special charges. Including special charges, UAL reported a fourth-quarter 2012 net loss of $620m. UAL ended
Southwest Airlines reported its fourth quarter and full year 2012 results. Fourth quarter 2012 net income was $78m which included $13 million (net) of favorable special items. This compared to net income of $152m in fourth quarter 2011, which included $86m (net) of favorable special items. Excluding special items, fourth quarter 2012 net income was
Aircraft supplies company AAF Spares is set for growth after securing a $10m (£6.18m) finance package from Santander Corporate & Commercial Banking to purchase additional stock to supply to major aircraft clients. AAF is 50/50 joint venture established in June 2011 between Avtrade Limited and Air France. The new funding will be used to grow
US Airways Group reported its fourth quarter and 2012 financial results. For full year 2012, the Company reported a record net profit of $537m, which excludes net special items totaling a credit of $100m. This compares to a full year 2011 net profit of $111m excluding net special items. On a GAAP basis, the Company
Aviation Capital Group has closed the sale of $300 million of its 4.625% senior notes due January 31, 2018. Proceeds from the offering will be used for general corporate purposes. The joint book-running managers for the offering were Credit Agricole CIB, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities. Including the
Delta Air Lines reported financial results for the December 2012 quarter. Delta’s net income for the December 2012 quarter was $238m, excluding special items. Results include the $100m negative impact of Superstorm Sandy on airline and refinery operations. Delta’s net income for 2012 was $1.6bn, excluding special items, a $362m increase over 2011. Delta’s GAAP
Triumph Group signed a definitive agreement to acquire the pump and engine control systems business of Goodrich Corporation (Goodrich Pump & Engine Control Systems or GPECS) from United Technologies Corporation. The acquisition is subject to regulatory approvals and other customary closing conditions and is expected to close in the current fiscal quarter. The acquired business,
GE reported fourth-quarter 2012 operating earnings of $4.7bn, up 13% from the fourth quarter of 2011. GAAP earnings from continuing operations were $4.3bn, up 9%. Revenues were $39.3bn for the quarter, up 4%, and $147.4bn for the year. Industrial segment organic revenue growth was 4% for the quarter and 8% for the year. Industrial segment
