Financial

Pemco World Air Services announces agreement with Avion Services to acquire the Company

Pemco World Air Services, an industry leader in aircraft MRO and engineered services, announced that it has filed with the Bankruptcy Court for the district of Delaware, an amended and restated Asset Purchase Agreement with Avion Services Holdings, an affiliate of Sun Capital Partners. The Company anticipates that the sale to Avion Services Holdings will […]

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ANA posts financial results for first quarter of FY2012

ANA Group, Japan’s largest airline group, reported its consolidated financial results for the first three months (April – June) of fiscal year 2012. Operating revenues during the period rose by 12.5% to ¥343.1bn, helping ANA return to profitability for the quarter. Operating income reached ¥11.0bn compared with a loss of ¥8.1bn the previous year, while

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Aircastle posts second quarter 2012 net income of $16.3m

Aircastle released that lease rental revenues for the second quarter were $153.6m, up $10.3m, or 7%, year over year, due primarily to an increase of $27.0m from aircraft acquisitions, partially offset by lower revenues from aircraft sold of $8.5m and lease extensions, transitions and terminations of $8.2m. Total revenues for the second quarter were $172.2m,

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Spirit AeroSystems Holding reports second quarter 2012 financial results

Spirit AeroSystems Holdings, reported second quarter 2012 financial results reflecting solid core operating performance, continued strong demand for large commercial aircraft, and the impact of unusual charges. Spirit’s second quarter 2012 revenues were $1.341bn, down from $1.466bn for the same period of 2011 as the previous period included recognition of deferred revenue associated with the

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Astronics Corporation acquires Enhanced Vision Systems provider Max-Viz

Astronics Corporation, a leading provider of advanced technologies for the global aerospace and defense industries, has acquired privately-held Max-Viz, Inc. (“Max-Viz”), a market-leading developer and designer of Enhanced Vision Systems (EVS) for fixed and rotary wing aircraft through both OEM and aftermarket channels in the general aviation, commercial and military aerospace markets for $10m in

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WestJet reports second quarter net earnings of $42.5m

WestJet announced a second quarter net earnings record of $42.5m, up from net earnings of $25.6m reported in the second quarter of 2011. These financial results mark WestJet’s 29th consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 11.4%, up from the 10.8% reported last

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Safran delivers strong progress in performance in first-half 2012

For first-half 2012, Safran’s revenue was €6,413m, compared to €5,622m in the same period a year ago, a 14.1% year-on-year increase (5.2% organic growth). First-half 2012 revenue increased by €791m on a reported basis, notably highlighting a good performance in aerospace and security (both organic and from acquisitions). On an organic basis, revenue increased by

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