Financial

Accenture (ACN) has entered into an agreement to acquire the corporate advisory and aviation consulting businesses of Seabury Group, a New York-based professional services firm focused on the aviation industry. The combination of Seabury’s corporate advisory and consulting businesses, together with Accenture’s global capabilities, will help the world’s leading airlines accelerate the pace of digital […]

Safran, an international high-technology group and tier-1 supplier of engines, systems and equipment in its core markets of Aerospace, Defense and Security, and Zodiac Aerospace a global leader in Aerosafety, Aircraft systems, Seats and Cabins, have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47

For the fourth quarter of 2016, total revenue was US$9.1bn, an increase of 0.2% year-over-year. Fourth-quarter 2016 consolidated passenger revenue per available seat mile (PRASM) decreased 1.6% and consolidated yield decreased 1.2% compared to the fourth quarter of 2015. This outperformance versus the company’s initial guidance was due to stronger close-in bookings and yields in

Delta Air Lines (DAL) reported financial results for the December quarter and full year 2016. Adjusted pre-tax income for the December 2016 quarter was US$923m, a US$524m decrease from the December 2015 quarter, primarily driven by the new pilot agreement. For the full year, adjusted pre-tax income increased 4% year over year to US$6.1bn. Delta’s

GE Additive business will collaborate with GE Capital to sell and finance metal additive machines. Manufacturing companies will now have more ways to access transformative 3D printing technology, spurring growth in several critical industrial markets including medical, aerospace, automotive and machining. GE Capital will develop a range of customized financial solutions for its customers. These

Rockwell Collins has acquired Pulse.Aero, a UK-based company specializing in self-service bag drop solutions and airline applications, to enhance the company’s passenger processing services for airports and airlines. This acquisition further expands Rockwell Collins’ Information Management Services (IMS) strategy to enable the connected aviation ecosystem. “This acquisition expands our already strong passenger processing offerings beyond

Air Transport Services Group said its subsidiary, Airborne Maintenance and Engineering Services, has acquired PEMCO World Air Services, a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions based in Tampa, FL. The company did not assume any PEMCO debt in connection with the acquisition. This acquisition

AAR reported second quarter fiscal year 2017 consolidated sales of US$423.8m and income from continuing operations of US$12.1m. For the second quarter of the prior fiscal year, the Company reported sales of US$431.5m and income from continuing operations of US$9.2m. Gross profit margins at Aviation Services were constant with prior year margins and improved at

FedEx reported earnings of US$2.59 per diluted share (US$2.80 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of US$2.44 per diluted share a year ago (US$2.58 per diluted share last year on an adjusted basis). Operating income rose compared to last year primarily due to the

Chorus Aviation will establish a new regional aircraft leasing subsidiary, Chorus Aviation Capital, and has entered into an agreement pursuant to which Fairfax Financial Holdings Limited and certain of its subsidiaries will invest CAD$200m in Chorus through a private placement of 200,000 convertible debt units. In recent years, Chorus has steadily grown its aircraft leasing