Goodrich Corporation has received an order from the U.S. Army to provide 80 spare health and usage management system (HUMS) electronic units for the Army’s UH-60 Black Hawk helicopters. The units will be produced by Goodrich’s Sensors and Integrated Systems business in Vergennes, Vt. Deliveries are expected to commence in early 2013. Goodrich provides HUMS
Finnair reported that it sold 6.3% of its shares of Finnish Aircraft Maintenance to Flybe. Finnish Aircraft Maintenance mainly provides maintenance services to Flybe Finland’s ATR turboprop aircraft, at Helsinki-Vantaa airport. As a result of this sale, Finnair and Flybe’s ownership share in Finnish Aircraft Maintenance now corresponds to the two airlines’ share in Flybe
Grupo Aeromexico received US $65m from Delta Air Lines, as part of the carrier’s investment in Mexico’s flagship carrier’s capital stock, thus strengthening its financial position, confirming its expansion project and creating the leading airline alliance in the Mexico-U.S. market. The Mexican Federal Competition Commission (CFC) authorized the operation, that allows Delta Air Lines to
Israel Aerospace Industries reported that sales for Q1 2012 grew by 5% and reached $894m, compared to $855m for Q1 2011. This primarily affects sales in the fields of executive aircraft, engine maintenance and aircraft conversion. Export sales represent 80% of total sales and reached $711million. Sales to the military market represent 76% of total
SkyWest reported that it entered into an agreement on May 23rd, to sell its 26% ownership (20% common and 6% preferred) in the Brazilian airline Trip Linhas Aereas S.A. (“TRIP”) for a price of US$42m. SkyWest has agreed to sell its TRIP shares to Trip Investimentos Ltda., a Brazilian limited liability company affiliated with TRIP.
Volvo Aero released that net sales during the first quarter increased by 5% to SEK 1,682m (1,598). Adjusted for currency fluctuations, sales during the first quarter increased by 1%. Increased productivity contributed to higher profitability. Operating income amounted to SEK 235m compared to SEK 35m the same quarter 2011. The improvement is a result of
Wesco Aircraft Holdings, Inc., a leading provider of comprehensive supply chain management services to the global aerospace industry, has entered into an agreement to acquire substantially all of the assets of Interfast Inc. (“Interfast”) for CDN$134m in cash. Interfast is a Toronto-based value-added distributor of specialty fasteners, fastening systems and production installation tooling for the
HEICO CORPORATION reported that net income increased 13% to $19.0m for the second quarter of fiscal 2012, up from $16.8m for the second quarter of fiscal 2011. For the first six months of fiscal 2012, net income increased 13% to a record $38.2m up from $33.9m for the first six months of fiscal 2011. Operating
Despite systematically reducing capacity by 10.5% in the first quarter of 2012, Air Berlin increased sales figures by 4% to €812.9m (€781.6m in 2011) compared with the same quarter of the previous year. Capacity utilisation went up by 3.9 percentage points to 76.4% (72.5% in 2011). Yield rose by 7.3% to €109.8 (€102.4 in 2011).
Pinnacle Airlines Corp. has received final approval from the United States Bankruptcy Court for the Southern District of New York for $74.3m in debtor-in-possession (DIP) financing. The funding is being provided by Delta Air Lines. As previously announced, $44.3m of the DIP financing will be used by Pinnacle to repay a secured promissory note held
