Rockwell Collins reaffirmed all aspects of its fiscal year 2011 guidance including revenue of $4.80 billion to $4.85 billion, cash flow from operations of about $650 million and earnings per share from continuing operations of $4.00 to $4.10, which excludes the gain on sale of Rollmet and any impact from potential restructuring actions. For fiscal year
TAT Technologies, a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported that its controlling stockholder, Isal Amlat Investments (1993) (“Isal”) purchased an aggregate of 15,000 ordinary shares of TAT between September 1, 2011 and September 7, 2011 at an average price of 20.36 NIS per share. Such
For the month of August 2011, Copa Holdings’ system-wide passenger traffic increased 17.8%. System load factor for August 2011 was 75.1%, in line with August 2010 and capacity was up 17.7% compared to the previous year.
Avio, an international aerospace group headquartered in Italy and a leader in propulsion systems, filed its application with Borsa Italiana an Initial Public Offering of the Company’s shares on the Milan Stock Exchange (Mercato Telematico Azionario – “MTA”) on August 5th. Simultaneously, Avio filed its application with Consob for the uthorization to publish the prospectus
Israel Aerospace Industries reported that sales for the 2nd quarter of 2011 grew by 12% and totaled $938 million, compared to $839 million for the equivalent period last year. Export sales totaled $ 767 million, a growth of 16% compared to the 2nd quarter of 2010. Sales to the military market for the 2nd quarter
TransDigm Group, a leading global designer, producer and supplier of highly engineered aircraft components, has completed the acquisition of Schneller Holdings, from an affiliate of Graham Partners, for approximately $288.5 million in cash. The acquisition was previously announced on August 5, 2011. Schneller, headquartered in Kent, Ohio, designs and manufactures proprietary, highly engineered laminates for
Bombardier Aerospace’s revenues totalled $2.1 billion, compared to $1.9 billion last fiscal year. EBIT totalled $105 million translating into an EBIT margin of 5% for the second quarter ended July 31, 2011, compared to $101 million, or 5.2%, last fiscal year. Free cash flow usage totalled $448 million compared to a usage of $343 million
Malaysia Airlines’ Group posted a net loss of RM527 million for the second quarter 2011, impacted by higher fuel costs that offset yield and Revenue Available Seat Kilometer, higher than the same quarter for 2010. The Group’s total revenues for 2Q2011 increased to RM 3.485 billion, 8% more than 2Q2010 (RM3.213 billion), while passenger revenue
Virgin Australia group of airlines (Virgin Blue Holdings Limited and its controlled entities) reported a Net Result After Tax of $67.8 million loss. The Net Result before Tax (excluding ineffective hedges) of ($66.6 million) is within the guidance of ($30 million) to ($80 million) announced to the market on 23 March 2011. This result includes
The Qantas Group reported Underlying Profit Before Tax (Underlying PBT) of $552 million for the financial year ending 30 June 2011, revenues increased 8% to $14.9 billion, operating cash flow reached $1.8 billion, up 32 % , Statutory Profit Before Tax amounted to $323 million, up 81%. Qantas Airlines recorded Underlying EBIT of $228 million, compared
