HEICO Corporation reported that net income increased 37% to a record $20,402,000 for the third quarter of fiscal 2011, up from $14,930,000 for the third quarter of fiscal 2010. For the first nine months of fiscal 2011, net income increased 38% to $54,306,000 up from $39,296,000 for the first nine months of fiscal 2010. Operating
Regional Express Holdings (Rex) released its full year results with Group Profit Before Tax (PBT) declining some 8% to $24.1 million and a steeper decline in Profit After Tax of 28.5% due to the discontinuation of tax incentives set in place the prior FY. The Rex Board has approved a final dividend of 7.1 cents per share in
TransDigm Group Incorporated reported that its Board of Directors has authorized the repurchase of up to $100 million of the Company’s common stock. The new program replaces the repurchase program announced on October 23, 2008, under which the Company previously repurchased $15 million of common stock. W. Nicholas Howley, Chairman and CEO of TransDigm Group
SAS Group reported second quarter 2011 revenues of MSEK 11,229 compared to MSEK 9,979 in 2010, EBT margin before nonrecurring items in continuing operations was up 3.4% compared to -2.4% in 2010. The Group reported income before tax of MSEK 729 compared to MSEK -600 in the second quarter of 2010. Net income for the
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
