Financial

OAG, a global leader in aviation data and analytical services, announced the sale of its MRO Network business. MRO Network, part of OAG, provides aviation exhibitions, conferences and publications to the MRO, fleet, financing and leasing sectors. MRO Network has been sold to Penton, a U.S.-based professional information services company, for an undisclosed sum.

PAS Technologies has acquired Bolton Aerospace. Based in Manchester, Connecticut, Bolton Aerospace is a sub-tier supplier of precision machined products whose customers are direct OEM suppliers to commercial, aerospace and defense manufacturers. Bolton Aerospace is characterized by a high degree of flexibility, capable of delivering manufacturing services ranging from one operation through complete sub-assemblies with

Finnair’s revenue grew by 2.3% year-on-year to €637.1m compared to €622.7m in 2014. Operational result improved to €64.2m compared to €26.7m in the previous year. Operational EBITDAR was €115.1m compared to €80.1m in 2014. Net cash flow from operating activities stood at €62.6m, €-8.9m the previous year, and net cash flow from investing activities totalled

AirFrance-KLM third quarter 2015 total revenues stood at €7.4bn versus €6.7bn in third quarter 2014, up 10.8%. Corrected for the strike impact, the revenues increased by 4.2% mainly as a result of a strong currency tailwind. Total revenues were down -2.4% like-for-like. In the third quarter 2015, the negative currency impact on costs reached €471m.

Virgin America reported its financial results for the third quarter of 2015. Net income was US$73.0m excluding special items, an increase of US$31.3m from the third quarter of 2014. Operating income and operating margin excluding special items were US$75.0m and 18.2%, respectively. Total operating revenue was US$410.9m, an increase of 1.3% over third quarter of

Spirit AeroSystems reported third quarter financial results driven by positive operating performance of mature programs. Spirit’s third quarter 2015 revenues were US$1.6bn, down 6% compared to the same period of 2014 primarily due to the Gulfstream wing divestiture and lower revenues recognized on the 787 program. Operating income was US$192m, down from US$216m for the

B/E Aerospace reported third quarter 2015 revenues of US$679.8m an increase of 4.0% as compared with the prior year period. On a constant currency basis revenues increased approximately 4.9%. Operating earnings of US$124.2m increased 1.9% and operating margin was 18.3%, while net earnings were US$76.7m, representing an increase of 14.3% as compared with the prior

In the third quarter 2015 Embraer delivered 21 commercial and 30 executive (21 light and 9 large) jets. Deliveries in the first nine months of 2015 were 68 commercial and 75 executive (57 light and 18 large) jets. The Company closed 20 firm orders for the current generation of the E-Jets commercial jets, reaching a