Air Transport Services Group, a leading provider of aircraft leasing and air cargo transportation and related services to domestic and foreign air carriers, has obtained a commitment for a new secured $325 million credit facility with a consortium of banks led by SunTrust, and provided an outlook for its anticipated results for the quarter ended
DVB Group released that total income (comprising net interest income after allowance for credit losses, net fee and commission income, net income from financial instruments in accordance with IAS 39, results from investments in companies accounted for using the equity method, and net other operating income/expenses), increased by 68.1%, to EUR 96.0 million during the
MTU Aero Engines Holding AG improved its revenues in the first quarter 2011 by 4 % to EUR 664.8 million (1-3/2010: EUR 640.2 million). The company’s operating profit rose by 17 % to EUR 80.5 million, compared with EUR 68.8 million in the same quarter of the previous year. This brought the operating margin up
Embraer reported that as a result of aircraft deliveries and product mix, 1Q11 revenues increased to US$ 1,055.7 million when compared to US$ 992 million in 1Q10. During the 1Q11, the contribution of aviation services to the Company’s total revenue was 15.4%, above the 2010 contribution of approximately 11%. EBIT and EBIT margin were US$
Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran
Southwest Airlines has closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc., the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines’ closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction values AirTran
ANA Group reported consolidated financial results for the fiscal year ended March, 2011. Traffic growth and the expansion of services from Haneda airport in Tokyo contributed to an increase in both revenues and a return to profits during the year. Operating revenues at 1,357.6 billion yen were up by 10.5% on the previous year while
Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a
Safran reported its revenue for the first quarter of 2011. First-quarter 2011 adjusted revenue was Euro 2,681 million, up 10.5% year-on-year, or 7.1% on an organic basis. 2-digit revenue growth contribution from Equipment (Nacelles) and Defence (Optronics). Civil aftermarket was up 12.3% within the 10-15% guidance, with significant strength in widebody engines services and a
The Boeing Company reported first-quarter net income of $0.6 billion on revenue of $14.9 billion. Operating margin of 6.7% reflects strong core performance across the company’s businesses on expected lower volumes and higher pension expense. The year-ago quarter included a $0.20 per share tax charge on health care legislation. Total company backlog at quarter-end was
