Boeing reported first-quarter net income of $0.5 billion, or $0.70 per share, and revenue of $15.2 billion. Current period results reflect solid performance across core businesses and a previously disclosed $0.20 charge on health care legislation, while the year-ago quarter was reduced by $0.31 per share on a charge due to poor market conditions in
SR Technics has concluded a statutory consultation period with the representatives of its employees at the maintenance facility in London-Stansted. These discussions followed the announcement on January 13, 2010 of the Group
Aviation Capital Group issued $255 million in Unsecured Medium Term Notes. The notes were issued in three tranches of five-, seven-, and 10-year bullet maturities, with the majority of demand for the longer tranche. The issue, originally offered at $100 million, was oversubscribed three times. With this transaction, ACG has sourced approximately $2 billion of
The Czech Airlines supervisory board approved the airline
Bodet Aero, a business unit of CIRCOR Aerospace and CIRCOR International, has entered into a formal agreement to acquire the assets of Ateliers de Navarre (ADN), located in Pau, France. ADN will expand the CIRCOR Aerospace Product Group
Babcock & Brown Air Limited will be partnering with the current management team of Babcock & Brown Aircraft Management to invest in BBAM LP, a newly formed, privately-held aircraft leasing and management business. B&B Air has agreed to purchase a 15% interest in the new business which will provide management services to B&B Air and
AerCap Holdings N.V. has signed a corporate debt facility agreement for $120 million with UBS as lead arranger. The facility has a term of five years and will be used for general corporate purposes. Paul Rofe, Group Treasurer of AerCap said: “With this corporate facility from UBS we have further diversified our sources of capital.
During the year ended December 31, 2009, Avcorp recorded a loss from operations of $5,501,000 on $69,202,000 revenue, as compared to $485,000 earnings from operations on $128,868,000 revenue for the preceding year; and a net loss for the current year of $8,410,000 as compared to a net loss of $2,251,000 for the year ended December
At Bombardier Aerospace, revenues totalled $9.4 billion compared to $10 billion last fiscal year, while EBIT reached $473 million, or 5.1% of revenues, compared to $896 million, or 9%, for the same period last year. Bombardier Aerospace
Honeywell has raised first quarter earnings per share guidance to $0.45 – 0.49 from $0.40 – 0.45. The better than anticipated outlook reflects both stronger orders and sales in several short cycle end markets, including Honeywell
