MTU Aero Engines will pull out of its production activities in the U.S.: the manufacturing unit of MTU Aero Engines North America (AENA) was sold to U.S.-based EDAC Technologies. The contract was signed late last week. The transaction will not affect MTU’s revenue and profit forecast for the year, nor will it have an impact […]
MTU Aero Engines sells U.S. manufacturing unit to EDAC Technologies Read More »
Singapore Technologies Aerospace has acquired all the shares of Precision Products Singapore (PPS) from Nippon Precision Casting Corporation, Renaissance Capital Management Limited and Singapore Technologies Industrial Corporation respectively. The acquisition was for a cash consideration of S$7.65 million. With this purchase, PPS becomes a wholly-owned subsidiary of ST Aerospace. This acquisition is not expected to
ST Aerospace acquires Precision Products Singapore Read More »
Willis Lease Finance Corporation reported its total assets surpassed $1 billion as continued growth in the lease portfolio and high utilization of lease assets contributed to a 7% increase in total revenue. Aided by a tax adjustment of $1.8 million related to a change in California state tax law in the quarter that reduces the
Willis Lease Finance total assets surpass $1.0 billion Read More »
The SIA Group earned a net profit attributable to equity holders of $1,062 million for the financial year ended 31 March 2009, $988 million or 48.2% lower than the preceding year. The earnings for the year included a one-off writeback of $138 million in prior years
Singapore Airlines releases financial results for full year 2008/2009 Read More »
GOL Linhas Aereas Inteligentes S.A. announces its results for the first quarter of 2009. The following financial and operating information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS) and in Brazilian Reais (R$. GOL posted a 1Q09 net income of R$61.4mm, with a net margin of 4.0%, versus net losses
GOL reports first quarter 2009 net income of R$61.4mm Read More »
On expiry of the acceptance term for the public takeover offer to the free-float shareholders of Austrian Airlines AG on 11 May 2009, Deutsche Lufthansa AG has through
Lufthansa offer accepted by over 85% of Austrian Airlines' shareholders Read More »
Iberia has implemented a severe contingency plan in response to the steep decline in demand and revenues, after posting a loss of EUR 92.6 million in the first quarter of 2009. The plan will enable the company to cut losses by between EUR 110 and 125 million, and it also foresees an 80-90 million reduction
Iberia applies severe contingency plan to save more than EUR 200 million Read More »
DVB Group reported total income during the first quarter of 2009, of EUR 63.3 million (down 0.6%). New Transport Finance business totalled EUR 1.12 billion during the first quarter (Q1 2008: EUR1.17 billion), with 39 new transactions. The average interest margin on new business reached an all-time high of 344 basispoints (Q1 2008: 161 basispoints).
DVB Group posts solid start to 2009 Read More »
AeroCentury, an independent aircraft leasing company, reported its preliminary, unaudited operating results for the first quarter ended March 31, 2009. For the quarter ended March 31, 2009, the Company reported total revenues of $8.0 million compared with total revenues of $7.8 million for the same period a year ago. The Company reported net income of
AeroCentury reports first quarter 2009 results Read More »
