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Financial

Group of Mexican businessmen purchases significant stake in AEROMEXICO

A group of Mexican businessmen, led by Eduardo Tricio, purchased on the Mexican Stock Exchange shares representing 20.19% of the outstanding shares of AEROMEXICO. With this transaction the group, which invested in the airline since 2007, will increase their holdings. As a result of this transaction, Eduardo Tricio is the only member of the Board

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Spirit AeroSystems reports fourth quarter and full-year 2012 financial results

Spirit AeroSystems reported fourth quarter and full-year 2012 financial results reflecting record revenue on higher ship set deliveries and solid core program operating performance. Spirit’s fourth quarter 2012 revenues were $1.426bn, up from $1.219bn for the same period of 2011 as the company benefited from higher production deliveries during the quarter. Operating income for the

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Apollo Aviation Group completes $595m fund raise

Apollo Aviation Group (Apollo Aviation) and Sciens Capital Management LLC jointly announced that Apollo Aviation raised approximately $595m from a broad array of investors for its second aviation fund, Sciens Aviation Special Opportunities Investment Fund II (SASOF II). SASOF II is managed by Apollo Aviation, a full service commercial aircraft asset manager jointly owned by

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Air Canada reports full year and fourth quarter 2012 results

Air Canada reported full year and fourth quarter earnings before interest, taxes, depreciation, amortization and impairment, and aircraft rent (“EBITDAR”) of $1.451bn (or $1.327bn before the impact of benefit plan amendments) compared to EBITDAR of $1.242bn in 2011. Including the favourable impact of benefit plan amendments, EBITDAR of $1.451bn increased $209m year-over-year (or $85m before

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SIA Engineering Group 3rd quarter profit up 5.5% to $67.0m

SIAEC Group posted a profit attributable to owners of the parent of $67.0m for the quarter ended 31 December 2012, which was $3.5m or 5.5% higher than the corresponding quarter last year. Revenue decreased $25.2m or 8.3%, mainly from lower fleet management and project revenue. However, expenditure fell by $28.0m or 10.2%, primarily from decreases

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WestJet posts full year 2012 net earnings of $242.4m

WestJet  announced its fourth quarter and year-end results for 2012. The airline reported fourth quarter net earnings of $60.9m and full-year net earnings of $242.4m up significantly from the net earnings of $148.7m reported for 2011. These financial results mark WestJet’s 31st consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved

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Air Lease Corporation closes $400.0m senior unsecured notes offering

Air Lease Corporation reported the closing of its previously announced public offering of $400.0m in aggregate principal amount of 4.750% senior unsecured notes due 2020 (the “Notes”). The Notes will mature on March 1, 2020 and will bear interest at a rate of 4.750% per annum, payable semi-annually in arrears on March 1 and September

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Astronics Corporation reports fourth quarter and full year 2012 results

Astronics Corporation (ATRO), a leading provider of advanced technologies for the global aerospace and defense industries, reported financial results for the three and twelve months ended December 31, 2012. Consolidated sales for the fourth quarter of 2012 increased by 10.2% to $67.4m, including $4.7m associated with acquisitions, compared with $61.2m for the same period last

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