Financial

Israel Aerospace Industries reported that sales for Q1 2012 grew by 5% and reached $894m, compared to $855m for Q1 2011. This primarily affects sales in the fields of executive aircraft, engine maintenance and aircraft conversion. Export sales represent 80% of total sales and reached $711million. Sales to the military market represent 76% of total […]

SkyWest reported that it entered into an agreement on May 23rd, to sell its 26% ownership (20% common and 6% preferred) in the Brazilian airline Trip Linhas Aereas S.A. (“TRIP”) for a price of US$42m. SkyWest has agreed to sell its TRIP shares to Trip Investimentos Ltda., a Brazilian limited liability company affiliated with TRIP.

Volvo Aero released that net sales during the first quarter increased by 5% to SEK 1,682m (1,598). Adjusted for currency fluctuations, sales during the first quarter increased by 1%. Increased productivity contributed to higher profitability. Operating income amounted to SEK 235m compared to SEK 35m the same quarter 2011. The improvement is a result of

Wesco Aircraft Holdings, Inc., a leading provider of comprehensive supply chain management services to the global aerospace industry, has entered into an agreement to acquire substantially all of the assets of Interfast Inc. (“Interfast”) for CDN$134m in cash. Interfast is a Toronto-based value-added distributor of specialty fasteners, fastening systems and production installation tooling for the

HEICO CORPORATION reported that net income increased 13% to $19.0m for the second quarter of fiscal 2012, up from $16.8m for the second quarter of fiscal 2011. For the first six months of fiscal 2012, net income increased 13% to a record $38.2m up from $33.9m for the first six months of fiscal 2011. Operating