Bombardier released its financial results for the first quarter ended April 30, 2009. Revenues reached $4.5 billion, compared to $4.8 billion, while earnings before financing income, financing expense and income taxes (EBIT) totalled $235 million, compared to $324 million last fiscal year. The EBIT margin at 5.3% compares to last year’s 6.8%. Net income reached
Charles Taylor Aviation, a leading global provider of adjusting and risk consultancy to the aviation industry has acquired ASG (Aircraft Technical Services) Limited, a specialist aviation asset management consultancy. The transaction will enable Charles Taylor Aviation to expand the range of services it provides to aviation insurers, owners and operators and will provide ASG with
Ryanair announced a full year net profit of EUR 105 million (EUR 376 million decline over last year
Babcock & Brown Air Limited a global lessor of commercial jet aircraft, announced that it has repurchased $20 million principal amount of its securitization notes for $10 million in a privately negotiated transaction funded from the Company’s available cash. Additionally, the Company paid $7 million for an option to repurchase an additional $100 million principal
HEICO Corporation reported net income of $10,541,000 for the second quarter of fiscal 2009, compared to $11,948,000 for the second quarter of fiscal 2008 and $11,317,000 for the first quarter of fiscal 2009, which included a $1.1 million benefit from settling an income tax audit. For the first six months of fiscal 2009, net income
Bristow Group has acquired 42.5% of Lider Aviacao Holding S.A., Brazil’s largest provider of helicopter and executive aviation services. Founded in 1958, Lider operates the largest helicopter fleet in Brazil, with 46 helicopters serving the oil and gas industry, representing approximately 50% of the oil and gas market in Brazil. Its helicopter operation is the
El Al Israel Airlines reports first quarter of 2009 financial Results. Revenues in the first quarter amounted to $346.7 million compared to $469.3 in the same quarter last year, a drop of about 26%. The decline in revenues from operations is mainly due to a decrease of about 13% in the number of passengers, compared
Air Berlin reported that for the first quarter of 2009, seasonal operating loss (EBIT) reached minus EUR 87.3 million (Q1 2008: minus EUR 68.6 million). The reduced branchwide demand for flight services, in combination with the Easter flight season falling in April rather than in the first quarter, contributed to this development. Revenue reached EUR
Virgin Atlantic said that pretax profits increased to
BA released its preliminary results for the 12 months ended March 31, 2009. BA reported an operating loss of
