Air Canada reported earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (EBITDAR), before the impact of certain benefit plan amendments, of $554m in the third quarter of 2012 compared to EBITDAR of $535m in the third quarter of 2011, an increase of $19m. Including the favourable impact of benefit plan amendments, EBITDAR
Vueling made an operating profit of €50.1m in the third quarter of 2012, an improvement of 22% compared to the same period of last year. The operating profit (EBIT) rose by 12% on last year to €68.2m. For the period from January to September, the net profit amounted to €41.3m, an increase of 93%. Vueling’s
Bombardier Aerospace’s revenues totalled $2.3bn, the same level as last fiscal year. EBIT totalled $123m translating into an EBIT margin of 5.4% for the third quarter ended September 30, 2012, compared to $129m, or 5.6%, last fiscal year. Free cash flow usage totalled $68m compared to a free cash flow of $53m for the corresponding
Boeing and Guggenheim Aviation Partners announced an agreement for Boeing to convert three 767-300ER passenger airplanes to freighters. The Boeing Converted Freighters (BCF) will be delivered to Guggenheim Aviation Partners in 2013. Boeing will manage and engineer the project with the actual conversion taking place at ST Aerospace’s subsidiary, ST Aviation Services Company (SASCO) in
GA Telesis has signed a Letter of Intent with Century Tokyo Leasing (“CTL”) for the purchase of new shares in GA Telesis. CTL will hold a minority position in GA Telesis. The existing shareholder base remains unchanged. GA Telesis has recently announced explosive growth and expansion plans in all areas of its businesses. The fresh
Willis Lease Finance Corporation reported that following a $15.4m charge for extinguishment of debt and derivatives termination, it lost $8.0m in the third quarter of 2012. In the second quarter of 2012, net income available to common shareholders was $2.4m and $1.5m in the third quarter a year ago. In the first nine months of
AgustaWestland announced that Brunei Shell Petroleum Company Sdn Bhd (BSP) has signed a contract for two AW139 intermediate twin engine helicopters. The aircraft will be used to perform offshore transport missions from Anduki base. The helicopters are expected to be delivered in mid 2013. The contract also includes a comprehensive power-by-the-hour support and training package
Etihad Airways Chief Operations Officer, Captain Richard Hill, has turned the first sod to mark the construction of a US$15.3m extension to the airline’s Flight Training Centre at its Abu Dhabi headquarters. The new 5,300 m² metre facility will house six flight simulator training bays, classrooms for pilot and cabin crew training, pilots’ briefing and
Boeing and Aeromexico finalized an order for 60 737 MAX 8s and 9s, with reconfirmation rights for 30 additional 737 MAXs. The firm order by Mexico’s largest airline, which was first announced as a commitment in July, is valued at more than $6bn at published list prices.
ST Aerospace broke ground to add a narrow-body aircraft hangar at its Changi facility in Singapore. The total investment in the hangar and associated equipment amounts to $11m. The new hangar is expected to be operational by the end of third quarter 2013. With the new hangar, ST Aerospace will extend its suite of services
