Financial

Pinnacle Airlines Corp. has received final approval from the United States Bankruptcy Court for the Southern District of New York for $74.3m in debtor-in-possession (DIP) financing. The funding is being provided by Delta Air Lines. As previously announced, $44.3m of the DIP financing will be used by Pinnacle to repay a secured promissory note held

CAE has acquired Oxford Aviation Academy (OAA), an industry-leading provider of aviation training and crew sourcing services for C$314m. This acquisition strengthens CAE’s leadership and global reach in civil aviation training by increasing its training centre footprint, growing its Ab-Initio flight training network and extending its portfolio by adding OAA’s Parc Aviation, a global leader

EADS delivered a good start to the year with a solid financial performance in the first quarter, particularly thanks to the continued strong commercial momentum. As anticipated, defence markets in the Western world continue to be strained. However, the momentum of EADS’ institutional and governmental business in the first three months was encouraging. Order intake

Air Lease Corporation (ALC) announced the results of its operations for the quarter ended March 31, 2012. Basic EPS increased to $0.27 per share in the first quarter of 2012 compared to $0.25 in the fourth quarter of 2011 and $0.05 in the first quarter of 2011. ALC reported a pretax profit margin of 31.4%,

First quarter 2012 results for ATSG included revenues of $145.4m, down 29.6% compared to the first quarter in 2011, Pre-tax Earnings from Continuing Operations was $10.7m, up 6.1% compared to 2011, while net earnings from continuing operations was $6.7m, up 3.8% compared to 2011. Cargo Aircraft Management (CAM) earned $16.8m, up 25% for the first

At Bombardier Aerospace, revenues totalled $1.5bn compared to $2.2bn for the first quarter last fiscal year, while EBIT reached $91m, or 6.1% of revenues, compared to $141m, or 6.4%, for the first quarter last fiscal year. Free cash flow usage of $572m compared to a usage of $168m for the corresponding period last year. Bombardier

Emirates revenue for the financial year 2011-12 reached AED 62.3bn (US$ 17bn) growing by 14.9% when compared to the 2010-11 financial year. Despite the strong revenue growth, the stifling cost of jet fuel impacted Emirates’ bottom line with the airline’s profit sitting significantly lower than the previous year at AED 1.5bn (US$ 409m) representing a

Vueling made a net loss of €16.5m in the first quarter of 2012, an improvement of 28.7% compared with the same period of last year. The operating result (EBIT) was €-26.8m, a 23.9% improvement on last year. The company increased the number of passengers carried by 24.1% compared with the first quarter of 2011. Vueling‘s

SIAEC Group posted a profit attributable to owners of the parent of $269.1m for the financial year ended 31 March 2012, an increase of $10.6m or 4.1% over last year. Share of profits from associated and joint venture companies was $12.5m or 8.7% higher at $156.9m, representing a contribution of 51.8% to the Group’s pre-tax