FL Technics posts full year financial results

MRO specialists FL Technics has said its revenue reached €119 million in 2018, up 14% from €103 million experienced in 2017. The firm has also reached net profit of €10.8 million – up from €5.7 million last year. Zilvinas Lapinskas, CEO at FL Technics, said: “Persistence, LEAN implementation in our…

ST Engineering posts 4% revenue rise in Q1 2019

ST Engineering Aerospace has posted S$623 million (approximately $448 million) total revenue for the first three months of 2019 –  a 4% rise from the same period last year. Increases in revenue from component and engine overhauls, as well as engineering and materials services businesses, has led to the revenue…

easyJet opts for Optym for flight scheduling

easyJet has chosen the advanced network simulation solution Amadeus SkySYM by Optym to improve the reliability of its flight schedules. This solution is one of the five solutions offered as part of the Amadeus SKY Suite by Optym, after Amadeus and Optym formed a partnership in 2016. SkySYM works by…

Dr. Peters parts out two A380s

Dr. Peters Group is to part out two of its A380 aircraft returned by Singapore Airlines at the end of the ten year lease. The aircraft were financed by DS funds No. 129 and No. 130. Dr Peters maintains that this decision will lead to a “positive result for equity…

Bombardier closes Cdn$638.4 million equity offering

Bombardier has closed its previously announced offering of 168,000,000 Class B shares (subordinate voting) at a purchase price of Cdn$3.80 per share (the Offering), for aggregate gross proceeds of Cdn$638.4 million. The Offering was underwritten by a syndicate of underwriters led by Credit Suisse, National Bank Financial, UBS Securities Canada…

Rolls-Royce reports 2017 Full Year Results

Roll-Royce Holdings has reported revenue of £16.307bn for the full year 2017, which is an increase of 6% on underlying basis, with civil aerospace service revenues up 12%.  Underlying profit before tax up 25% to £1.071bn, with reported profit before tax of £4.897bn – that figure includes a £2.6bn non-cash…

ST Aerospace completes investment in EADS EFW

ST Aerospace has completed its investment of 35% equity interest in Elbe Flugzeugwerke GmbH (EADS EFW). The investment was completed following the receipt of regulatory approvals and fulfilment of customary conditions precedent. Following this completion, ST Aerospace will commence the A330P2F engineering development phase in February. A Dresden-based company with…