Airbus has signed a Memorandum of Understanding (MOU) with leading Russian leasing company, VEB-Leasing, on cooperation in aviation leasing and finance. The MoU was signed on the occasion of the International Aviation and Space Salon MAKS-2011. In this context, Airbus and VEB-Leasing will share competences, experience and information in order to cooperate on aircraft financing
El Al Israel Airlines, the Israeli national carrier, reported 2nd quarter of 2011 financial results. Revenues for the quarter totaled $530.5 million, compared to $502.4 million in the parallel period last year, an increase of about 6%. Gross profits for the current quarter totaled about $60.3 million (a ratio of about 11.4% on turnover), compared to
Defence and security company Saab AB’s acquisition of the U.S. Company Sensis Corporation (Sensis), announced on 29 June 2011, is completed. The acquisition creates a stronger foundation for growth in the North American market for the Saab Group. Requisite reviews by the U.S. Trade Commission according to the antitrust laws as well as by the
Air Lease Corporation released the results of its operations for the second quarter ended June 30, 2011. The Company reported consolidated net income of $7.0 million compared to a consolidated net loss of $41.1 million for the three months ended June 30, 2010. The increase in net income for 2011, compared to 2010, was primarily attributable
DVB Bank remained on course during the first half of 2011, boosting its consolidated net income before taxes to €74.9 million, up 26.9% (H1 2010: €59.0 million). DVB’s income (comprising net interest income after allowance for credit losses, net fee and commission income, net income from financial instruments in accordance with IAS 39, results from
TransDigm Group, a leading global designer, producer and supplier of highly engineered aircraft components, reported results for the fiscal third quarter ended July 2, 2011. Net sales for the quarter rose 51.8% to $325.2 million from $214.2 million in the comparable quarter a year ago. Organic net sales growth was approximately 13.2% driven by improvement
Astronics Corporation, aleader in advanced, high-performance lighting, electrical power and automated test systems for the global aerospace and defense industries, reported financial results. Sales in the second quarter of 2011 were $55.5 million, up $8.4 million, or 17.8%, from the prior year second quarter. Aerospace sales, which represented approximately 94% of total second quarter sales,
Finnair’s financial performance deteriorated and its operating result was a loss of 13.8 million euros, compared with a loss of 13.6 million euros in the corresponding period of the previous year. Due to improvements in operational efficiency, operating costs excluding fuel were in line with expectations, at 425.5 million euros (392.7). Unit costs, excluding fuel, fell
WestJet reported second quarter 2011 net earnings of $25.6 million which is up significantly from the net earnings of $6.8 million reported in the second quarter of 2010. These financial results mark WestJet’s 25th consecutive quarter of profitability. For the third quarter of 2011 WestJet is projecting fuel costs, excluding hedging, to range between $0.90 and
Copa Holdings reported net income of US$41.3 million for 2Q11. Excluding special items, Copa Holdings would have reported an adjusted net income of $56.6 million a 52.9% increase over adjusted net income of $37.0 million for 2Q10. Operating income for 2Q11 came in at $75.4 million, a 72.6% increase over operating income of $43.7 million in 2Q10.
