Russian Helicopters has disclosed numbers on its financial and commercial performance last year. Revenue grew by 10 percent, to RUB138.3 billion ($3.9 billion), while earnings (Ebitda) rose 27 percent to RUB26.3 billion ($737 million), representing a margin of 19 percent. Deliveries, however, declined slightly, at 275 aircraft. CEO Alexander Mikheev attributed the negative change to rescheduling of deliveries. The backlog, as of December 31, totaled 808 helicopters, a 5.5-percent decrease.
Earnings before interest, taxes, depreciation and amortization
Aerospace firms have been doing a roaring trade here at the Paris Air Show, selling record volumes of aircraft, engines and all the associated systems and services that go with them. But, according to leading mergers and acquisitions specialists, they should be just as busy buying and selling each other since the industry recovery now presents the ideal combination of motive and opportunity.
Despite the littered road of failed very light jet air-taxi firms, Linear Air said it has been able to make the model work and has even eked out a profit during one of the worst recessions since the Great Depression. The Concord, Mass.-based company said its revenues in the first half increased to nearly $1 million with its four Eclipse 500s, doubling the results from the first half of last year.
Fractional-share operator Avantair released its fiscal fourth-quarter financial results yesterday, which included growing revenues, declining operating losses and an EBITDA profit. Avantair operates a fleet of 52 Piaggio Avanti twin turboprops. The company added one more Avanti to the fleet during the fiscal quarter that ended June 30 and sold one core aircraft.
Clearwater, Fla.-based fractional provider Avantair saw its year-over-year revenues climb nearly 24 percent, to $35.4 million, in its second fiscal quarter, which ended December 31. It also narrowed its quarterly loss to $600,000, an improvement of
Clearwater, Fla.-based fractional provider Avantair saw its year-over-year revenues climb nearly 24 percent to $35.4 million in its second fiscal quarter, which ended December 31. It also narrowed its quarterly loss to $600,000, down 87 percent from the same period a year earlier.
Australia’s Macquarie Infrastructure confirmed that it is buying Allied Capital’s chain of 24 FBOs, which includes Mercury Air Centers, Corporate Wings, FirstAir and IX Jet Center. Price of the purchase is $456.2 million, and the deal should close in the third quarter, “subject to consent (or letters of estoppel) being received from relevant airport authorities,” according to a Macquarie statement.