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 […]
Century Tokyo Leasing Corporation makes strategic investment in GA Telesis Read More »
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
Willis Lease Finance reports third quarter 2012 results Read More »
Aircastle reported a third quarter 2012 net loss of $45.8m and an adjusted net loss of $37.5m. The third quarter results included total revenues of $172.9m, an increase of 22%, versus $141.5m in the third quarter of 2011. The third quarter 2012 results also include $78.7m of non-cash impairment charges against 15 older technology aircraft,
Aircastle posts third quarter net loss of $45.8m Read More »
Astronics Corporation reported consolidated sales for the third quarter of 2012 increased by 22.2% to $68.9m, including $4.1m associated with acquisitions, compared with $56.4m for the same period last year. Aerospace sales increased by $12.3m and Test Systems sales increased by $0.2m. Consolidated sales for the first nine months of 2012 increased by 19.2% to
Astronics Corporation reports 22% revenue growth in third quarter 2012 Read More »
SIAEC Group recorded a profit attributable to owners of the parent of $137.2m for the first half ended 30 September 2012, a decrease of $2.1m or 1.5%. Profit in the same period last year included a write-back of tax provision of $3.1m. Share of profits from associated and joint venture companies increased $1.1m or 1.4%
SIA Engineering Group posts profit of $137.2m for 1st half 2012-13 Read More »
Triumph Group reported that net sales for the second quarter of fiscal year ending March 31, 2013 totaled $938.2m, a 19% increase from last year’s second quarter net sales of $790.5m. Substantially all of the sales growth for the quarter was organic. Income from continuing operations for the second quarter of fiscal year 2013 was
Triumph Group reports strong second quarter fiscal 2013 earnings Read More »
In the first nine months of the year, the Lufthansa Group generated an operating result of €628m, €96m less than in the first nine months of last year. Profits were hit particularly hard by record fuel prices. The persistently intense price pressure, the air traffic tax and the costs of EU emissions trading certificates also
Lufthansa posts operating profit of €628m for first nine months Read More »
For the first 9 months of 2012, the Latécoère Group, a tier 1 partner to major international aircraft manufacturers, posted revenue, excluding non-recurring items, of €416.7m, up +11.7% year on year. At a constant €/US$ exchange rate, organic growth stood at +7.85%; the hedging strategy implemented has allowed the Group to partially benefit of a
Latécoère Group reports first 9 months results Read More »
Spirit Airlines reported third quarter 2012 financial results. Net income, excluding special items, for the third quarter 2012 was $25.2m, GAAP net income for the third quarter 2012 was $30.9m. Operating margin, excluding special items, for the third quarter of 2012 was 11.8%. Operating margin on a GAAP basis was 14.5% for the third quarter
Spirit Airlines reports third quarter adjusted net income of $25.2m Read More »
Virgin Australia announced three transactions designed to accelerate the growth of the business, diversify its earnings and increase competition in Australia. The transactions include: – making a placement of shares to Singapore Airlines, which will see Singapore Airlines owning a 10% interest in Virgin Australia – entering a Share Purchase Agreement to acquire 60% of
Virgin Australia announces transactions to accelerate growth and competition Read More »
