Financial

Delta’s pre-tax income for the December 2014 quarter was US$1.0bn, excluding special items, an increase of US$474m over the December 2013 quarter on a similar basis. Delta’s net income for the December 2014 quarter was US$649m and its operating margin was 12.6%, excluding special items. For the full year 2014, Delta’s pre-tax income, excluding special […]

Fort Worth-based Novaria Group announced the acquisition of substantially all the assets of John Hassall, a provider of aircraft engine fasteners, bolts, blade locks and other flight critical hardware, located in Long Island, N.Y. The company also manufactures a diverse set of products for use in select automotive and industrial applications. The company holds a

HEICO Corporation reported that its Flight Support Group completed the acquisition of 80% of the equity of Aeroworks International. Financial terms were not disclosed, but HEICO stated that it expects the acquisition to be accretive to its earnings within the first year after the closing. Aeroworks is a manufacturer of both composite and metal parts

Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier’s business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the Company will record

Air Astana, Kazakhstan’s flag carrier, has reported an operating profit of US$97.7m in 2014, an increase of 35% over 2013 and the highest in the company’s 13 year history. Net profit fell by 62% to US$19.3m owing to a one-off revaluation of external debt of US$49m caused by the devaluation of the Kazakh tengue by

Air Lease Corporation announced the pricing of its public offering of US$600m in aggregate principal amount of 3.750% unsecured senior notes due 2022 (the “Notes”). The Notes were offered to the public at a price of 99.289% of par. The sale of the Notes is expected to close on January 14th, 2015, subject to satisfaction

TP Aerospace Technics LLC based in Orlando Florida, a fully equipped and operational Wheel and Brake repair business, becomes the latest addition to the TP Aerospace Group. Through an asset buy-out, TP Aerospace, a leading independent Wheel and Brake aftermarket provider, adds repair and overhaul capacity to its American branch, strategically located in central Florida.