Aircastle reported first quarter 2013 total revenues of $176.2m, an increase of $11.3m, or 7% versus the previous year. The increase reflects $8.2m of higher lease rental and finance lease revenues, $4.2m of higher maintenance revenues associated with unscheduled lease terminations, and $4.3m of higher other revenues from interest on debt investments and additional revenue
Rolls-Royce has acquired Hyper-Therm High Temperature Composites (Hyper-Therm HTC, Inc), a producer of state-of-the-art composite materials, including ceramic matrix composites (CMCs), engineered coatings and thermal-structural components. Hyper-Therm HTC will become a wholly-owned subsidiary of Rolls-Royce, and will be based in Huntington Beach, California. The site will serve as the hub for technical development of CMCs,
For the first quarter 2013, Spirit Airlines’ adjusted net income was $32.8m. GAAP net income was $30.6m. For the first quarter 2013, Spirit achieved an operating margin, excluding special items, of 14.4%. Operating margin on a GAAP basis was 13.4% for the first quarter 2013. Spirit ended the first quarter 2013 with $483.5m in unrestricted
In the first quarter of 2013 (1Q13), Embraer delivered 17 commercial and 12 executive (8 light and 4 large) jets; representing a reduction of 4 commercial and 1 executive jets delivered in the same period of 2012, firm order backlog grew to US$13.3bn, mainly as a result of an improvement in the order environment in
AWAS has closed a JOLCO (Japanese Operating Lease with Call Option) financing relating to one Airbus A320 aircraft on lease to Aeroflot Russian Airlines, with Crédit Agricole Corporate and Investment Bank (CA CIB) as overall arranger, facility agent and security trustee. The equity portion of this first JOLCO secured by AWAS was underwritten by Financial
Alaska Air Group reported first quarter 2013 GAAP net income of $37m, compared to $41m in 2012. Excluding the impact of mark-to-market fuel hedge adjustments of $12m ($7m after tax), the company reported record first quarter 2013 net income of $44m, compared to net income excluding mark-to-market fuel hedge adjustments of $28m in 2012.
United Airlines reported a first-quarter 2013 net loss of $325m, excluding $92m of special charges. Including special charges, UAL reported a first-quarter 2013 net loss of $417m. For the first quarter of 2013, total revenue was $8.7bn, an increase of 1.4% year-over-year. First-quarter consolidated passenger revenue increased 0.7% to $7.6bn, compared to the same period
Southwest Airlines posted its first quarter 2013 results. First quarter 2013 net income was $59m, which included $6m (net) of favorable special items. This compared to net income of $98m, in first quarter 2012, which included $116m (net) of favorable special items. Excluding special items, first quarter 2013 net income was $53m, compared to a
MTU Aero Engines Holding AG started the financial year 2013 with a 35% surge in revenues, which amounted to €944.7m in the first quarter 2013, compared with €698.0m in the first quarter 2012. The group generated an operating profit of €89.3m (1-3/12: €91.4m), which corresponds to an EBIT margin of 9.5%. Earnings after tax amounted
Safran reported that first-quarter 2013 adjusted revenue was Euro €3,404m, up 9.5% year-on-year, or up 9.6% on an organic basis. Solid revenue growth contribution from Aerospace activities, both in OE deliveries and aftermarket. Sales in Defence were resilient. Positive dynamics in Security. Civil aftermarket up 10.0% in USD terms, driven by first overhaul of recent
