ACE Aviation Holdings reported net income of $1,398 million for the full year 2007. Net income included $1,366 million pre-tax gains mainly from the sale of ACTS and from the secondary offerings of Aeroplan and Jazz. Operating income amounted to $453 million including operating income of $433 million at Air Canada. Air Canada reported EBITDAR
Rolls Royce reported that order book increased by 76% to a record
Aircastle Limited announced that a subsidiary company entered into a senior secured credit agreement with JPMorgan Chase Bank, N.A. and Calyon New York Branch. This new credit facility provides for loans in an aggregate amount of up to $300 million to finance certain specified aircraft owned or to be acquired by affiliates of Aircastle.
British Airways presented its interim management statement on Febr. 1st, for the nine months ended December 31, 2007. BA reported operating profit of
B/E Aerospace reported fourth quarter revenues of $463.5 million reflecting a 44.1% year-over-year organic growth, fourth quarter operating earnings of $67.9 million, 57.9% higher than the fourth quarter of the prior year. Fourth quarter operating margin of 14.6% expanded by 120 basis points versus the fourth quarter of the prior year. B/E Aerospace reported fourth
The Swiss-based Jet Aviation Group, one of the leading business aviation services companies, has completed the acquisition of U.S.-based maintenance and completions company Savannah Air Center (SAC). All parties agreed that further details about the transaction, including the transaction size, will not be disclosed. Savannah Air Center will be integrated into Jet Aviation’s maintenance and
AVIC II, through its subsidiaries Changhe Aircraft Industries Corporation and Shanghai Xinsheng Aviation Industry Investment and Development Company, announced it is joining Shanghai Sikorsky as a shareholder. Shanghai Sikorsky is a civil aerospace joint venture company whose other shareholders are Sikorsky Aircraft Corp. and Shanghai Little Eagle. Sikorsky Aircraft is a subsidiary of United Technologies
Goodrich reported fourth quarter 2007 net income of $132 million on sales of $1,668 million. In the fourth quarter 2006, the company reported net income of $99 million on sales of $1,495 million. Net income in the fourth quarter 2007, compared with the fourth quarter 2006, was positively affected by increased sales and improved operational
