During the 3rd quarter of 2012 Embraer delivered 27 jets to the commercial aviation market and 13 to the executive aviation market (11 light jets and 2 large jets). Third quarter 2012 revenues and gross margin reached US$1,404.5m and 25.3%, respectively. EBIT and EBITDA margins were 7.2% and 11.8%, respectively. However if not for the
Hawaiian Holdings, parent company of Hawaiian Airlines, reported third quarter 2012 adjusted net income of $40.6m, reflecting economic fuel expense, and GAAP net income for the third quarter of 2012 of $45.5 million. The Company reported operating income of $74.9 million in the third quarter of 2012, compared with operating income of $60.9 million in
Boeing reported third-quarter net income of $1.0bn on continued strong core performance and revenue of $20.0bn. Increased earnings at Commercial Airplanes and Defense, Space and Security were more than offset by higher pension expense of $194m. Earnings per share guidance for 2012 was raised to between $4.80 and $4.95. The company also raised its revenue
HNA Group Co., completed the acquisition of a 48% equity interest in France’s Aigle Azur Transports Aeriens, becoming the second largest shareholder of Aigle Azur, after Go Fast Transport, and the first Chinese aviation enterprise to invest in a European airline. Under the agreement, Aigle Azur will be governed by the Executive Committee composed of
B/E Aerospace announced third quarter 2012 financial results. Revenues of $766.7m increased 20.6%, Operating earnings, adjusted to exclude acquisition, integration and transition (AIT) costs, were $138.9m, an increase of 23.9% and adjusted operating margin of 18.1% increased 50 basis points. Operating earnings, on a GAAP basis to include AIT costs, were $134.3m. Net earnings adjusted
MTU Aero Engines Holding AG continues to grow: In the first nine months of 2012, the company posted an increase in revenues of 19% to €2,468.0m (1-9/2011: €2,067.3m). Operating profit rose by 13% from €245.3m to €278.0m. The operating margin reached 11.3% after 11.9% in the equivalent period last year, while earnings after tax also
Willis Lease Finance Corporation has repurchased 443,561 shares of common stock at an average price of $13.79 per share for $6.1m. The shares were purchased under the five-year plan authorized earlier this month by the Board of Directors. Willis Lease has 8.9m shares of common stock outstanding following these repurchases. In the first six months
Hawker Beechcraft announced that it intends to emerge from Chapter 11 protection as a standalone company. Hawker Beechcraft also announced that it is no longer pursuing a transaction with Superior Aviation Beijing Co., because the parties could not reach agreement on the terms of a Plan Sponsorship Agreement. Robert S. “Steve” Miller, CEO of Hawker
GA Telesis has closed on a new syndicated $100m credit facility. Led by PNC Bank, N.A., the facility has a three year term and has participation from a total of six global and regional banks. It provides the company with additional financial resources at cost efficient and flexible terms to support the company’s growth. The
Southwest Airlines reported that third quarter 2012 net income was $16m, which included $81m (net) of unfavorable special items. This compared to a net loss of $140m in third quarter 2011, which included unfavorable special items totaling $262m (net). Excluding special items, third quarter 2012 net income was $97m, compared to $122m in third quarter
