Lufthansa Technik Group, one of the world’s leading providers of technical services for aircraft, ended fiscal 2011 with a slight increase in revenue despite a difficult market. Revenue grew by 1.9% to €4.1bn. In spite of continued pressure on costs, the company’s result fell only slightly below the good result of the previous year. The
Aveos, an independent, full service maintenance, repair and overhaul (MRO) provider to the aviation industry, has ceased its Canadian operations immediately and has terminated the employment of approximately 1,300 employees across Canada. As previously announced, Aveos was granted protection under the Companies’ Creditors Arrangement Act (CCAA) by the Quebec Superior Court on March 19, 2012.
AAR reported third quarter fiscal year 2012 consolidated sales of $534.2m and net income attributable to AAR of $20.7m. For the third quarter of the prior fiscal year, the Company reported sales of $458.0m and net income attributable to AAR of $17.9m. Selling, general and administrative expenses as a percentage of sales were 9.6% and
Air Berlin PLC was able to increase turnover by 13.7% to €4.23bn in the reporting year 2011 (previous year: €3.72bn) and the number of passengers by 1.2% to 35.3m (previous year: 33.6m). Operational expenditure at the EBITDAR level increased by 20.6% from €3.16bn to €3.81bn. The increase in expenditure would have been distinctly lower without
In 2011, the Lufthansa Group’s revenue totalled €28.7bn – an increase of 8.6% on the previous year. Traffic revenue improved by 10.8% to €23.8bn. Overall, the Group’s operating income went up to €31.2bn in the reporting period, an increase of 6.7%. Operating expenses rose by 9.3% in 2011 to €30.4bn. One of the main reasons
Air Lease Corporation released that due to market demand, it has priced and upsized to $1.0bn its offering of 5.625% senior notes due 2017 in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized to $1.0bn from a previously announced offering size of $500m.
Goodrich Corporation reported that, at the special meeting of shareholders held March13th, Goodrich shareholders voted to approve the proposed merger with United Technologies Corp. The final tabulation indicates that more than 98% of votes were cast in favor of the transaction, which represents approximately 75% of the total outstanding shares of Goodrich common stock as
Air Lease Corporation announced that it intends to offer $500m aggregate principal amount of senior notes due 2017 (the “Notes”) in an offering exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be offered only to qualified institutional buyers and non-U.S. persons outside of the United States
Willis Lease Finance Corporation reported that 2011 net income grew 20% to $14.5m and net income available to common shareholders increased 28% to $11.4m up from $8.9m a year ago.Willis Lease earned $3.6m in the fourth quarter ended December 31, 2011, compared to $4.0m in the fourth quarter a year ago. After payment of preferred
Air Lease Corporation reported rental revenues of $113.6m for the fourth quarter of 2011, which included overhaul revenue of $3.4m. The Company reported $36.7m in rental revenue for the fourth quarter of 2010, which included overhaul revenue of $1.8m. The increase in rental revenue was attributable to the acquisition and lease of additional aircraft. For
