SIAEC Group posted a profit attributable to owners of the parent of $60.5m for the quarter ended 31st December 2013. During the quarter, revenue increased by $5.6m or 2.0% to $283.8m, while expenditure grew at a higher rate of 4.7% or $11.6m. As a consequence, operating profit of $25.2m was $6.0m lower than that for
Bombardier Aerospace has received a firm order for eight Global business jets, including three Global 6000, two Global 7000 and three Global 8000 jets, from an undisclosed customer. The transaction is valued at approximately $537m, based on the 2014 list price for typically equipped aircraft.
Lessor Palma Holding has signed a firm purchase agreement for four dual-class Q400 NextGen aircraft. The agreement, which also includes options for an additional four Q400 NextGen aircraft, follows a letter of intent to acquire the aircraft that Bombardier announced on November 18th, 2013. Under a joint venture with Ibdar Bank BSC, Palma intends to
Bristow Group, a leading provider of helicopter services to the offshore energy industry, reported that William E. Chiles, President and Chief Executive Officer, will retire from those positions at the Company’s Annual Meeting of Shareholders on July 31, 2014, and be succeeded by Jonathan E. Baliff, Bristow’s Senior Vice President and Chief Financial Officer. Following
JETS, the growing business aviation MRO is further expanding its sales and commercial team with the appointment of Derick Naude as Senior Sales and Commercial Representative, effective immediately. Derick joins JETS from Embraer Executive Aircraft where he previously held the position of Customer Support Representative for the UK.
Apollo Aviation Group, a multi-strategy aviation investment manager specializing in mid-life and mature aircraft, has contracted to purchase five aircraft for $53m in the fourth quarter of 2013 on behalf of its second aviation fund, SASOF II. The aircraft include three in-production models (A320ceo family aircraft). Since SASOF II’s inception, Apollo Aviation has contracted to
Etihad Airways and Alitalia have entered the final phase of a due diligence process about a possible investment by Etihad Airways in Alitalia, James Hogan, President and Chief Executive of Etihad Airways, and Gabriele Del Torchio, Chief Executive of Alitalia, confirmed. During the next 30 days both companies and their advisors will determine how a
Southwest Airlines confirmed it has been notified of its winning bid in an auction for 54 slots–allowing 27 additional daily flights–that will bring more competition to Reagan National Airport, three miles from downtown Washington, D.C. Details of the carrier’s bid to acquire divested slots remain confidential under terms of the deal and are subject to
Sabena Technics signed component repair services contract with Airbus for Flight Hour Services (FHS). The present agreement will allow Airbus to support services development, such as FHS, to benefit from Sabena Technics expertise, performance and competitive flat rate prices and will cover the repair and overhaul of Airbus A320 and A330 components of diverse technologies
In the first half of this year Sukhoi Civil Aircraft Company will replace all Sukhoi Superjet 100 aircraft in its “light” specification to “full” for Aeroflot, and will continue to deliver SSJ100 following the contract on 30 aircraft of this type between the companies. To date, the airline has already obtained six SSJ100 aircraft in
