Revenues at Berkshire Hathaway’s services group–which includes fractional provider NetJets and flight-training provider FlightSafety International–were $8.435 billion last year, an increase of $643 million over 2007. Overall, pre-tax earnings at the Berkshire division last year were relatively unchanged from 2007 at $971 million, according to the company’s financial report issued late last week.
Despite the recession, XOJet has reported strong year-over-year increases in revenue, flight hours and customers. The charter company said it experienced a 66-percent increase in revenue last year and a 60-percent increase in flight hours over 2007. XOJet ended the year with more than 1,500 customers, up from 1,000 the previous year.
Charter broker Air Partner has reported strong growth in both sales and profits for its financial year that ended on July 31. Group sales climbed 35 percent, to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent, to £9.2 million ($15.8 million).
London-based aircraft charter broker Air Partner has reported strong growth in both sales and profits for its fiscal year that ended on July 31. Group sales climbed 35 percent to reach £251.3 million ($432 million) and pre-tax profits grew by 21 percent to £9.2 million ($15.8 million).
Fractional-share operator Avantair saw its revenues climb significantly for the fiscal year that ended on June 30. Compared with the same period last year, revenues increased 51.3 percent, to $115.6 million from $76.4 million.
Bombardier (Booth No. 4397) reported a year-over-year revenue increase of 22 percent, to $4.9 billion, in its second fiscal quarter ending July 31, thanks in large part to the strength of its aerospace division. The company’s aviation businesses contributed $2.5 billion of these revenues in the quarter, up from $2.2 billion in the same period last year.
Bombardier last month reported a year-over-year revenue increase of 22 percent, to $4.9 billion, in its second fiscal quarter ending July 31, thanks in large part to its aerospace division. The company’s aerospace division contributed $2.5 billion of these revenues in the quarter, up from $2.2 billion in the same period last year.
Textron, the parent company of Bell Helicopter and Cessna, isn’t feeling the effects of the economic downturn just yet. The company reported an 18.7-percent jump in revenue in the first quarter, largely due to an increase in revenue of $278 million by the Wichita-based OEM.
Charter company XOJet announced January 31 that it achieved record revenue and customer growth last year. The company, which placed $2.5 billion worth of orders at last year’s NBAA Convention for Bombardier Challenger 300s and more Cessna Citation Xs, reported an 80-percent climb in revenue and a fivefold increase in the number of customers purchasing more than 100 flight hours a year.
Brazilian airframer Embraer last month announced slightly improved first-quarter revenue (Brazil’s fiscal calendar mirrors the yearly calendar) over the same period last year, though reduced deliveries and continued supply-chain issues resulted in a net profit decrease for the company. Net revenue for the first quarter was up 4.3 percent, to $843.4 million, compared with $808.3 million a year ago.