JetBlue Airways reported its results for the second quarter 2011. Operating income for the quarter was $86 million, resulting in a 7.5% operating margin, compared to operating income of $95 million and a 10.2% operating margin in the second quarter of 2010. Pre-tax income of $43 million in the second quarter compares to pre-tax income of $52 million
B/E Aerospace reported that second quarter 2011 revenues of $608.9 million increased $125.0 million as compared with the same period of the prior year. Second quarter 2011 results reflect the acquisitions of TSI Group, Satair A/S’s aerospace fastener distribution business and LaSalle Lighting (recent acquisitions). Revenue growth for the second quarter of 2011, excluding recent acquisitions from
AgustaWestland, a Finmeccanica company, announced the launch of UK involvement in the AW169 commercial helicopter programme with the support of a £22 million loan by the Department of Business, Innovation and Skills. Bruno Spagnolini, CEO, AgustaWestland said following the announcement, “Today marks the beginning of a new era for our Yeovil factory and for its
Alaska Air Group reported second quarter 2011 net income of $28.8 million, compared to net income of $58.6 million in the second quarter of 2010. Excluding mark-to-market fuel hedge losses of $70.9 million ($44.1 million after tax) and fleet transition costs of $26.8 million ($16.7 million after tax), the company reported record second quarter 2011
Pratt & Whitney Global Service Partners has purchased Japan Airlines’ stake in Japan Turbine Technologies, a commercial gas turbine engine part repair facility. Japan Turbine Technologies has been a joint venture between Pratt & Whitney and Japan Airlines since 2000, with Pratt & Whitney being the majority partner since that time. With the acquisition of Japan
US Airways reported a net profit excluding special items for the second quarter 2011 of $106 million. This compares to the second quarter 2010 net profit excluding special items of $265 million. On a GAAP basis, the Company reported a net profit for the second quarter 2011 of $92 million. This compares to the second
AMR Corporation reported a net loss of $286 million for the second quarter of 2011 compared to a net loss of $11 million in the second quarter of 2010. The Company’s second quarter performance was negatively impacted by fuel prices that increased 31 percent compared to the second quarter 2010. AMR reported second quarter consolidated revenues of
Nimrod Capital and Doric Asset Finance announce the successful listing of an investment company on the London Stock Exchange (“LSE”). Doric Nimrod Air Two Limited (“DNA2”) aims to pay a quarterly dividend equivalent to 9% per annum (based on the issue price of 200 pence per share) following the leasing of three Airbus A380 planes
Flight Options, the second-largest fractional jet company in the U.S., has entered into a three-year, $167 million financing agreement with Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance the company’s purchase of Embraer Phenom 300 jet aircraft. The first-of-its-kind loan agreement between BNDES and a fractional jet operator will be guaranteed by the Brazilian
Precision Castparts Corp. a worldwide, diversified manufacturer of complex metal components and products, has agreed to acquire Primus International (Primus) for $900 million in cash. Primus is a leading supplier of complex components and assemblies to the global aerospace industry, including swaged rods, advanced composites, and machined aluminum and titanium components. Product applications include wing, fuselage and engine-related
