Financial

Bombardier has reported its second quarter 2017 results. For the quarter, Bombardier reported revenues of US$4.1bn. EBIT before special items grew to US$164m, up 55% over the same period last year. EBIT margins before special items were 8.2% for Transportation, a robust 8.9% at Business Aircraft and 7.7% at Aerostructures. Bombardier reported a net loss […]

Airbus has executed a definitive agreement under which Motorola Solutions will acquire Plant Holdings, which holds the Airbus DS Communications business. This agreement is part of the portfolio reshaping within the Airbus Defence and Space Division announced in September 2014. Airbus DS Communications is a leading provider in North America of command centre software for

MTU Aero Engines AG generated revenues of €2,548.0m in the first six months of 2017, up 11% on the previous year (1-6/16: €2,299.2m). The group’s operating profit increased by 26% from €254.1m to €320.8m, resulting in an EBIT margin of 12.6% (1-6/16: 11.1%). Earnings after tax increased by 29% from €176.1m to €227.5m. “The development

In the second quarter 2017, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in the second quarter 2016. The Company’s firm order backlog ended the quarter at US$18.5bn. Revenues in the second quarter increased 29.5%

Air France-KLM has announced a further major step in the reinforcement of its strategic partnerships with the creation of a single global joint-venture between Air France-KLM, Delta Air Lines and Virgin Atlantic and the strengthening of its partnership with China Eastern Airlines. Air France-KLM will acquire Virgin Group’s 31% stake in Virgin Atlantic for £220m

Grupo Viva Aerobus, holder of Viva Aerobus, Mexico’s ultra low-cost airline, reported a 42% increase in its total operating revenues of the second quarter of 2017 compared to the same period in 2016, reaching 1,872 million pesos. Viva Aerobus also reported a 29% increase in its net income compared to 2Q2016, with a total of

AeroCentury, an independent aircraft leasing company, has reported that the participants in its credit facility, for which MUFG Union Bank is the lead participant and agent bank, have added a fifth participant to the lender syndicate and expanded the total revolving credit facility amount to US$170m from US$150m. The Company also announced that it had

Airbus SE has reported half-year (H1) 2017 financial results and maintained its guidance for the full year. Order intake totalled €37.2bn (H1 2016: €39.1bn) with the order book valued at €981bn as of 30 June 2017 (year-end 2016: €1,060bn). A total of 203 net commercial aircraft orders were received (H1 2016: 183 aircraft), with the

Alaska Air Group reported net income for the second quarter under Generally Accepted Accounting Principles (GAAP) of US$296m, compared to net income of US$260m in 2016. As the acquisition of Virgin America closed on Dec. 14, 2016, second quarter 2017 information reflects the results of Virgin America, including the impacts associated with purchase accounting. Second

Boeing has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance. Second-quarter GAAP earnings per share increased to US$2.89 and core earnings per share (non-GAAP) increased to US$2.55. Revenue was US$22.7bn, reflecting planned production rates and timing of commercial and defense aircraft deliveries. Operating cash flow