HEICO Corporation has released that net sales increased 20% to a record US$609.6 million in the fourth quarter of fiscal year 2022, up from US$509.4 million in the fourth quarter of fiscal year 2021. Operating income increased 27% to US$146.5 million in the fourth quarter, up from US$115.0 million in the fourth quarter of 2021.
For fiscal year 2022 Mesa Air Group has reported total operating revenues of US$531.0 million, an increase of US$27.4 million (5.4%) from US$503.6 million for fiscal year 2021. Contract revenue increased US$44.0 million, or 10.1%. This was primarily due to the return to normal rates from its partners, which were temporarily reduced last year related to the PSP programme and
François Lepot, CEO of Safran Aero Boosters, has announced that a new compressor blades and vanes production plant for aircraft engines is to be established in the Walloon region of Belgium, in the province of Liège. A €50 million investment is to be made in a refurbished site where titanium compressor blades will be manufactured,
Ryanair has confirmed that it has signed a four-year pay agreement with the Fórsa union and its Irish pilots under which Ryanair’s Irish pilots will receive an accelerated restoration of pay cuts previously agreed during the COVID-19 pandemic. These pay cuts will now be fully restored in the Irish pilots’ December payroll and the agreement
Swiss International Air Lines (SWISS) has invested in the Swiss-based Synhelion company in the ETH spinoff’s latest financing round. The investment further underlines SWISS’ firm commitment to sustainability and to help accelerate the process of bringing solar fuels to market. Switzerland’s biggest airline is putting a particular focus on such fuels in view of its
Delta Air Lines highlighted the company’s financial outlook and strategic priorities to the investment community on December 15, in New York. “2022 is proving to be a pivotal year as we rebuild the world’s best-performing airline. Thanks to the exceptional work of our people, we navigated challenges while continuing to strengthen our competitive advantages, enhancing
Jet Parts Engineering (JPE), a leading PMA parts and engineered repairs provider, has reported the acquisition of Northeast Aero Compressor (NEACO), a certified 145 repair station, specialising in the maintenance of complex pneumatic, hydraulic, fuel and electromechanical systems while incorporating DER repair and PMA capabilities. The acquisition of NEACO by JPE creates a diversified leader
Dubai Aerospace Enterprise (DAE) has released that its Board of Directors and Shareholders have authorised an additional US$300 million for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased approximately US$815 million of principal amount of its publicly traded bonds under the previous authorisations of US$900 million. DAE now has
The International Air Transport Association (IATA) warned that the amount of airline funds for repatriation being blocked by governments has risen by more than 25% (US$394 million) in the last six months. Total funds blocked now tally at close to US$2.0 billion. IATA calls on governments to remove all barriers to airlines repatriating their revenues
In its Stock Exchange Release on May 20, 2020, Finnair announced that the Finnish Government had approved that the State of Finland guaranteed Finnair’s pension premium loan up to €540 million. With the state guarantee and the following pension premium loan, Finnair aimed to further secure its cash position and business continuity after the exceptional
