Volaris, the Mexican, ultra-low-cost airline reported its financial results for the third quarter 2015. Total operating revenues were Ps.5,220m for the third quarter, an increase of 30.7% year over year. Total operating revenue per available seat mile (TRASM) rose to Ps.134.4 cents for the third quarter, an increase of 5.4% year over year. Operating expenses […]
Volaris reports record third quarter 2015 Read More »
TAT Technologies, a leading provider of services and products for the commercial and military aerospace and ground defense industries, has completed the acquisition of Chromalloy Israel for approximately US$3.5m. In addition, TAT will pay an earn-out, capped at US$2m, in the event that Chromalloy Israel meets certain annual revenue targets in 2015 and 2016. TAT
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ATL Partners, an aerospace and transportation focused private equity firm, is partnering with the Public Sector Pension Investment Board, one of Canada’s largest pension investment managers, to form SKY Leasing. As part of the transaction, SKY Leasing will acquire certain assets of Sky Holding Company (“SHC”) controlled by leasing industry veteran Richard Wiley. Mr. Wiley
ATL Partners and PSP Investments launch aviation leasing platform Read More »
Delta Air Lines reported financial results for the September 2015 quarter, including adjusted net income of US$1.4bn up 45% from the September quarter of 2014. Delta’s operating revenue for the September quarter decreased 0.6%, or US$71m, including US$235m in foreign currency pressures. Passenger unit revenues declined 4.9%, which includes approximately 2.5 points of impact from
Delta Air Lines September quarter profit up 45% Read More »
Avianor has completed an agreement to sell its Wheel and Brake Maintenance Repair and Overhaul (MRO) business to AeroRepair Canada, a wholly owned subsidiary of Aero 3 of Londonderry, New Hampshire, USA. Avianor’s wheel and brake MRO facilities located in Mirabel, Quebec and Calgary, Alberta will join the Aero 3 network of four MRO locations
Avianor sells wheel and brake maintenance business to AeroRepair Canada Read More »
Boeing has acquired Peters Software GmbH, a market leading provider of European Aviation Safety Agency (EASA) based training content for early stage (“ab-initio”) pilot training. Located in Cologne, Germany, Peters Software specializes in curriculum and materials for commercial and private pilots operating in rapidly growing markets aligned with EASA. According to Boeing’s Pilot and Technician
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Dynamic International Airways launched a US$97.7m breach of contract lawsuit against Air India in New York Federal Court. Air India sub-contracted Dynamic International Airways for the year 2013 and 2014 for carriage of holy pilgrims from India to Saudi Arabia round-trip. Dynamic carried 47,976 passengers for Hajj 2014 and carried around 6000 passengers for Hajj
Singapore Technologies Engineering (ST Engineering) reported that its aerospace arm has secured new contracts worth US$410m in the third quarter (3Q) of 2015, for projects ranging from airframe and component maintenance, to engine wash and pilot training. New contracts included in the 3Q2015 contracts are heavy airframe maintenance agreements for various Boeing 777-300 and Airbus
ST Engineering’s Aerospace arm secures contracts worth US$410m in the third quarter Read More »
Lightweight metals Alcoa reported a third quarter profit as its value-add and upstream portfolios delivered solid results in the face of strong market and currency headwinds. Alcoa has been transforming by building its value-add portfolio for profitable growth and creating a globally competitive upstream business. The Company’s successful multi-year transformation will culminate with the launch
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Rolls-Royce plc has successfully priced a U.S. dollar-denominated issue of notes (the “Notes”) raising gross proceeds of approximately US$1,498,740,000. The Notes will be issued by Rolls-Royce plc and guaranteed by Rolls-Royce Holdings plc, pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The transaction consists
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