Financial

Lockheed Martin Corporation announced the acquisition of Sim-Industries B.V., a commercial aviation simulation company located in the Netherlands. The acquisition is a demonstration of the Corporation’s strategy to expand into closely related markets that build on core capabilities and expand their customer base. The terms of the agreement were not disclosed. Sim-Industries develops and manufactures full-motion and

Spirit AeroSystems Holdings reported third quarter 2011 financial results reflecting solid core operating performance and strong demand for large commercial aircraft. Revenues were $1.130bn, up from $1.002bn for the same period of 2010 as the company benefited from higher production deliveries during the quarter. Operating income was $121m, compared to $82m for the same period in 2010, primarily

Embraer delivered 28 jets to the commercial aviation market and 18 to the executive aviation market (17 light jets and 1 large jet) in the third quarter of 2011. Revenues reached US$1,363.6m and Gross margin reached 21.2%, as a result of the mix in revenues and products; EBIT and EBITDA margin reached 9.1% and 13.8%, respectively, above the Company’s

Emirates airline produced a net profit of Dhs 827m (US$ 225m), for the first six months of its current financial year ending 30th September 2011. Emirates revenue, including other operating income, of Dhs 30.3bn (US$ 8.3bn) was higher by 15% compared with Dhs 26.4bn (US$ 7.2bn) recorded last year, largely reflecting improved passenger and cargo

FLY Leasing, a global lessor of modern, fuel-efficient commercial jet aircraft, reported its financial results for the third quarter of 2011. FLY’s net income and basic and diluted earnings per share for the third quarter of 2011 were $3.4m compared to $12.2m in the same period of 2010. The decrease in net income is primarily due

SIAEC Group recorded a profit attributable to owners of the parent of $139.3 million for the first half ended 30 September 2011, an increase of $2.0 million or 1.5% compared to the corresponding period last year. This included a write-back of tax provision of $3.1 million. Share of profits from associated and joint venture companies

Alitalia Group reported third quarter consolidated net income of €69 million, up 76.9% compared to €39 million in the third quarter of 2010. Operating profit was up 60.7% to €90 million. Total operating revenue rose 12% year-on-year to €1.08 billion.

Deutsche Lufthansa AG generated a stable operating profit of € 578 million in the first nine months of the current year, representing a drop of 5.6% that brought the figure only just below that of last year. Revenue came to € 22.1 billion and net profit for the period to € 288 million.

ANA Group, Japan’s largest airline group, reported its consolidated financial results for the first half (April – September) of fiscal year 2011. The Group achieved consolidated operating revenues of YEN704.8 billion in the six months, 3% up on the same period the previous year, Operating income at YEN50.1 billion was 11.8% lower while recurring profit was

US Airways Group reported a net profit excluding special items for the third quarter 2011 of $95 million. This compares with the third quarter 2010 net profit excluding special items of $243 million. On a GAAP basis, the Company reported a net profit for the third quarter 2011 of $76 million compared with the third quarter