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
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
