Financial

Etihad Airways, the national carrier of the United Arab Emirates, posted record financial results for 2013, with net profit up 48% to US$62m on revenues up 27% to US$6.1bn. The record performance also saw earnings before interest and tax (EBIT) up 22% to US$208m and earnings before interest, tax, depreciation, amortisation and rentals (EBITDAR) up

Air Lease Corporation reports another consecutive quarter of fleet, revenue and profitability growth. Diluted EPS increased 45% to $0.55 per share for the three months ended December 31, 2013 compared to $0.38 per share for the three months ended December 31, 2012. Diluted EPS increased 41% to $1.80 per share for the year ended December

Qantas will take action to permanently reduce costs in all parts of the Qantas Group through to FY17, including fleet and network changes, productivity improvements, consolidation of business activities, new technology and procurement savings. More than 50 aircraft will be deferred or sold and the Group’s workforce will be reduced by 5,000 full-time equivalent positions

Republic Airways Holdings reported fourth quarter 2013 income from continuing operations of $16.5, compared to $8.8 in the prior year. Net income, which includes the results of discontinued operations at Frontier, increased 23.8% to $15.6m for the fourth quarter of 2013, compared to $12.6m in the same period in the prior year. Operating revenues for

In 2013, Airbus achieved a new industry record of 1,619 gross commercial orders (FY 2012: 914 gross orders) with net orders of 1,503 aircraft (FY 2012: 833 net orders), excluding ATR. Gross orders comprised 1,253 A320 Family aircraft, 77 A330s, 239 A350 XWBs and 50 A380s. Fourth-quarter orders included Emirates Airline’s agreement for 50 A380s

In the fourth quarter of 2013, Embraer delivered 32 commercial and 53 executive (38 light and 15 large) jets and ended the year with total deliveries of 90 commercial and 119 executive (90 light and 29 large) aircraft. As a result of aircraft deliveries and growth in the Company’s Defense & Security segment, 4Q13 and

Amur Finance Company (AFC) announced the formation of a new subsidiary, Amur Helicopter Financial Services (Amur HFS). Amur HFS will address an unfilled need in the marketplace by offering a complete suite of integrated Fleet Management Solutions to the global rotor-wing market. The newly formed Amur HFS offers a broad range of leasing and financial

Heico Corporation reported that net income increased 38% to $27.5m in the first quarter of fiscal 2014, up from $20.0m in the first quarter of fiscal 2013. Operating income increased 44% to $50.4m, up from $34.9m. The Company’s consolidated operating margin increased to 18.9% in the first quarter of fiscal 2014, up from 16.1% in

AerCap Holdings released that its adjusted net income was $74.9m for the fourth quarter of 2013, and $299.m for the full year 2013. Adjusted earnings per share were $0.66 for the fourth quarter of 2013, an increase of 16% over the fourth quarter of 2012 and adjusted earnings per share for the full year 2013