Financial

The Ontario Teachers’ Pension Plan (Teachers’) and GE Aviation announced a strategic partnership to support the development of advanced technologies for the GE9X engine. The GE9X engine will power Boeing’s new wide-body 777X aircraft, and will provide a 10% improvement in fuel consumption over the existing GE90-115B engine. The 777X aircraft is scheduled to enter […]

Honeywell released that sales for its aerospace segment were down 2% compared with the first quarter of 2013 driven by an 8% decline in Defense & Space sales as a result of planned program ramp downs and delays, as well as lower Government Services, partially offset by Commercial growth. Commercial OE sales were up 1%

Rockwell Collins reported total sales for the second quarter of fiscal year 2014 were $1.27bn, an increase of 12% from the same period in 2013 primarily due to the acquisition of ARINC. Total segment operating earnings for the second quarter of fiscal year 2014 were $254m, an increase of $25m, or 11%, from the same

Etihad Airways, the national airline of the United Arab Emirates, has announced its strongest ever passenger  and cargo volumes for a first quarter, together with US$1.4bn in total revenues during the three-month period, marking a year-on-year increase of 27%. A total of 3.2m passengers travelled with Etihad Airways during the first quarter of 2014, over

Air Canada has priced its previously announced private offering of senior unsecured notes. The offering was upsized from the previously announced US$300m aggregate principal amount as Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to US$400m of 7.75% senior unsecured notes due 2021 (the “Notes”). The Notes will be

Wencor Group announced the acquisition of XTRA Aerospace. As an authorized Part 145 FAA and EASA repair station, XTRA Aerospace is a leading provider of specialized repair services for a wide variety of electrical and mechanical systems across in-production commercial aircraft. XTRA Aerospace further augments Wencor Group’s electrical repair capabilities as it specializes in electrical

Héroux-Devtek, a leading Canadian manufacturer of aerospace products, has reached an agreement with a syndicate of banks to amend and restate its existing Credit Facility. Under the terms of the agreement, the Facility has been extended for a three-year period with a new maturity date set for March 16, 2019. The authorized amount has been

BOC Aviation achieved a record net profit after tax in 2013, marking an unbroken run of 20 years of profitability since it was founded in November 1993. For the financial year ended 31st December 2013, the Company earned US$277m in net profit after tax, 23% higher than the previous year. Total assets were US$10.2bn, rising

Airbus Group successfully priced a new 10-year bond offering denominated in euros on March 25th, 2014. This €1bn transaction is the first bond issue for the newly rebranded “Airbus Group” and marks the return of the company to the euro debt capital markets after almost five years. The offering was very well received by the