Financial

Goodrich Corporation has completed the acquisition of AIS Global Holdings LLC (AIS), known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million. Goodrich had announced its intentions to acquire AIS on November 17, 2009. AIS is a leading provider of mission-critical guidance, stabilization and […]

Vought Aircraft Industries reported financial results for its second quarter ended June 28, 2009. Revenue for the second quarter of 2009 was $491.5 million, an increase of $10.8 million or 2%, compared with revenue of $480.7 million for the same period last year. Operating income for the second quarter was $32.7 million which is consistent

TransDigm Group Incorporated has acquired certain aerospace related assets from a wholly-owned subsidiary of Woodward Governor Company for approximately $48 million in cash. Woodward recently acquired this business as part of its acquisition of HR Textron, Inc. The product line has expected calendar 2009 revenues of approximately $20 million with almost half coming from the

Southwest Airlines confirmed that the carrier submitted its binding cash offer of more than $170 million to acquire Frontier Airlines, which will be sold at auction as part of Frontier’s bankruptcy case. The bid was submitted to Frontier in accordance with the procedures established in the U.S. Bankruptcy Court for the Southern District of New

Air Canada reported second quarter 2009 net income of $155 million including gains on foreign exchange of $355 million. This compares with net income of $122 million in the second quarter of 2008 that included gains on foreign exchange of $48 million. EBITDAR amounted to $135 million, a decrease of $114 million from the second

AerCap reported that second quarter 2009 net income was $56.6 million, compared with net income of $68.6 million for the same period in 2008. Second quarter 2009 net income excluding the impact of the mark-to-market of interest rate caps and share-based compensation was $39.1 million, compared with $58.2 million in second quarter 2008 on the

Atlas Air Worldwide Holdings announced sharply improved results for the second quarter of 2009. For the three months ended June 30, 2009, AAWW reported net income of $11.3 million on pretax earnings of $17.8 million and revenues of $240.0 million. Strong operating and financial results for the quarter compared with net income of $1.5 million

In the first half of 2009, the Austrian Airlines Group posted a net result of minus 166.6 million Euro, including non-cash impairment losses of 74.3 million Euro resulting from the valuation of aircraft. The adjusted resulting from operating activities (EBIT) amounted to minus 88.4 million Euro, with the second quarter EBIT of minus 18.1 million

Ryanair reported that it has awarded mandates to a syndicate of banks for approximately $1.6bn of financing for 55 aircraft delivering between November 2009 and October 2010. The syndicate of banks is comprised of BNP Paribas, Calyon, and Sumitomo Mitsui Banking Corporation. The banks have been mandated to act as joint arrangers for Ryanair