Financial

Spirit Airlines reported third quarter 2016 financial results. GAAP net income for the third quarter 2016 was US$81.4m, or US$86.3m excluding special items. GAAP operating margin for the third quarter 2016 was 21.8%, or 23.0% excluding special items. For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to […]

GE has reached an agreement to acquire a 75% stake in Concept Laser GmbH for US$599m (€549m). The agreement allows for GE to take full ownership in a number of years. Privately-held Concept Laser has more than 200 employees and is headquartered in Lichtenfels, Germany, with significant operations in the United States (Grapevine, Texas), China,

SilverArrow Capital Group has acquired the majority share (51%) of PrivatAir, SA. PrivatAir is an international premium airline and leading business aviation group with headquarter in Geneva, Switzerland and operating offices in Duesseldorf, Germany and Lisbon, Portugal. PrivatAir operates a wide-range of aircrafts ranging from Boeing B767, B757, BBJs to Airbus A319 and business jets

Airbus Group reported nine-month 2016 results which reflect the ongoing ramp-up and transition from current to new aircraft models (NEO). Group order intake in the first nine months of 2016 was €73.2bn (9m 2015: €111.9bn), with the order book value totalling €986bn as of 30 September 2016 (year-end 2015: €1,006bn). Airbus received 380 net commercial

Boeing reported third-quarter GAAP earnings per share of US$3.60 and core earnings per share (non-GAAP) of US$3.51 reflecting overall solid execution on production programs and services, favorable tax items (US$0.98 per share), and timing of aircraft deliveries. Rvenue guidance has been increased US$500m to between US$93.5 and US$95.5bn on higher commercial deliveries. GAAP earnings per

For the third quarter 2016, Spirit’s total operating revenue was US$621.3m, an increase of 8.1% compared to the third quarter 2015, driven by a 12.6% increase in flight volume and 0.8 point increase in load factor, partially offset by a decrease in operating yields. Total revenue per available seat mile (TRASM) for the third quarter

In the first nine months of 2016, MTU Aero Engines AG saw its revenues increase by 4% to €3,401.3m (1-9/2015: €3,257.0m). The group’s operating profit increased by 18% to €393.8m (1-9/2015: €333.1m), improving the EBIT margin from 10.2% to 11.6%. Earnings after tax increased by 18% to €273.4m (1-9/2015: €231.4m). The increase in MTU’s revenues

Rockwell Collins, a global leader in high-integrity solutions for aerospace and defense, and B/E Aerospace, a leading manufacturer of aircraft cabin interior products, have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for approximately US$6.4bn in cash and stock, plus the assumption of US$1.9bn in net debt. Under the terms

Norwegian (NAS) reported its best quarterly results ever. The net profit was NOK 993m (£99m), an improvement of NOK 160m compared to the same quarter the previous year. The load factor was 91% and the performance was positive in all markets, with Spain boasting the strongest passenger growth. In the third quarter, Norwegian carried 8.6

Alaska Air Group reported third quarter 2016 GAAP net income of US$256m, compared to US$274m in the third quarter of 2015. Excluding the impact of merger-related costs and mark-to-market fuel hedge adjustments, the company reported record adjusted net income of US$272m compared to adjusted net income of US$277m in 2015.