Air Canada reported full year and fourth quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (“EBITDAR”) of $1.451bn (or $1.327bn before the impact of benefit plan amendments) compared to EBITDAR of $1.242bn in 2011. Including the favourable impact of benefit plan amendments, EBITDAR of $1.451bn increased $209m year-over-year (or $85m before
SIAEC Group posted a profit attributable to owners of the parent of $67.0m for the quarter ended 31 December 2012, which was $3.5m or 5.5% higher than the corresponding quarter last year. Revenue decreased $25.2m or 8.3%, mainly from lower fleet management and project revenue. However, expenditure fell by $28.0m or 10.2%, primarily from decreases
WestJet announced its fourth quarter and year-end results for 2012. The airline reported fourth quarter net earnings of $60.9m and full-year net earnings of $242.4m up significantly from the net earnings of $148.7m reported for 2011. These financial results mark WestJet’s 31st consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved
Air Lease Corporation reported the closing of its previously announced public offering of $400.0m in aggregate principal amount of 4.750% senior unsecured notes due 2020 (the “Notes”). The Notes will mature on March 1, 2020 and will bear interest at a rate of 4.750% per annum, payable semi-annually in arrears on March 1 and September
Astronics Corporation (ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, reported financial results for the three and twelve months ended December 31, 2012. Consolidated sales for the fourth quarter of 2012 increased by 10.2% to $67.4m, including $4.7m associated with acquisitions, compared with $61.2m for the same period last
BOC Aviation has priced a private placement of US$5om of 10 year senior unsecured fixed rate notes. The transaction, arranged by HSBC, was issued off BOC Aviation’s US$2bn Euro Medium Term Note Programme (“EMTN Programme”) established in September last year. The sale of the Notes is expected to close on 6 February 2013, subject to
The U.S. Bankruptcy Court for the Southern District of New York has approved Hawker Beechcraft’s Joint Plan of Reorganization (Plan), paving the way for the company to emerge from Chapter 11 in the second half of February. In confirming the Plan, Judge Stuart M. Bernstein found that it satisfied all of the requirements of the
Sagem (Safran), a European leader in navigation systems, has acquired the Swiss company Colibrys SA, specialized in high-performance micro-sensors (acceleration and vibration) based on silicon MEMS (micro-electro-mechanical system) technology. Colibrys has developed world-class expertise in this market, and is a leading supplier to the energy, robotics, defense, automotive, rail, instrumentation and infrastructure sectors. It is
B/E Aerospace reported that fourth quarter 2012 commercial aircraft segment (CAS) revenues increased 13.9% while operating earnings of $68.6m increased 17.9% as compared with the prior year period, and operating margin of 17.2% expanded 60 basis points, due to operating leverage at the higher revenue level and ongoing operational efficiency initiatives. For the year ended
SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1mi or 1.4%
