Learjet

Bombardier Reports Positive Adjusted Net Income, Grows Revenues and Expands Profit Margins in First Quarter of 2023

Retrieved on: 
Thursday, April 27, 2023
Table, Senior, Bank statement, EBIT, Learjet, EBITDA, Investment, Toronto Pearson International Airport, PP, EPS, Pearson, PP&E, Video game, Security (finance), Bombardier

MONTRÉAL, April 27, 2023 (GLOBE NEWSWIRE) -- Bombardier (BBD.B TO) reported today its financial results for the first quarter of 2023, reflecting continued progress on all business fundamentals and performance on track toward reaching 2023 full-year guidance.

Key Points: 
  • First quarter 2023 adjusted Earnings per share (EPS)(3) turns positive at $1.06 and diluted EPS(4) of $2.98.
  • Reported cash flow usage from operating activities(4) for the quarter was $162 million and net additions to PP&E and intangible assets(4) for the quarter were $85 million.
  • The adjusted EBIT(2) totaled $138 million in the first quarter of 2023, up 89% compared to the same quarter last year.
  • First quarter of 2023 adjusted EPS(3) was $1.06 compared to a loss of $0.80 per share for the same quarter of 2022.

SpeedBird and Northern Jet Management to Merge, Becoming One of The Top 20 Private Jet Operators in the United States

Retrieved on: 
Thursday, March 30, 2023
Travel, Grand Rapids Business Journal, NJM, National Business Aviation Association, Airport, Current Contents, American City Business Journals, Aircraft, Organization, Learjet, Growth, Cessna, Safety, Airline, Speedbird

This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally.

Key Points: 
  • This move brings together two talented teams and increases the combined company's fleet to accelerate expansion to more destinations throughout the United States and internationally.
  • The pending transaction, which will close in second quarter 2023, brings the combined company's revenue to more than $110 million.
  • "Through this combination with Northern Jet, we are now positioned to become one of the top 20 private jet operators in the United States," said Chris Bull, founder and chief executive officer of SpeedBird who serves as CEO of the combined company.
  • Logging more than 20,000 flight hours annually, it is one of the busiest private aviation companies in the United States.

BUTLER NATIONAL CORPORATION ANNOUNCES THIRD QUARTER FISCAL YEAR 2023 FINANCIAL RESULTS

Retrieved on: 
Thursday, March 16, 2023
Federal Aviation Administration, Financial Instruments and Exchange Act, Advertising, Professional services, DraftKings, Marketing, Electronics, Camp Butler National Cemetery, Risk, Aerospace Education Services Project, Sale, Certification, FAA, Kansas Lottery, Beechcraft King Air, Acquisition, Nature, Annual report, An Act to exempt a particular class of securities from the Securities and Exchange Act, Engineering, Depreciation, Security (finance), Airline, Service, Learjet, Aerospace

OLATHE, Kan., March 16, 2023 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the third quarter fiscal 2023 ended January 31, 2023.  The Company will defer the conference call for the quarter to a planned fiscal year end results call following the filing of the Company's Form 10-K.

Key Points: 
  • Revenue increased 16% to $20.5 million in the three months ended January 31, 2023, as compared to $17.6 million in the three months ended January 31, 2022.
  • Third quarter fiscal 2023 net income was $2.0 million compared to a net income of $2.7 million in the third quarter fiscal 2022.
  • During the three months ended January 31, 2023, we invested approximately $ 578  in the development and acquisition of new products.
  • Butler National companies, Avcon Industries, Inc., Butler Avionics and Butler National Tempe, in the Aerospace Products segment, concentrate on Learjet, Beechcraft King Air, Cessna turbine engine aircraft, as well as electronic controls.

ALERION AVIATION ADDS Bombardier Learjet 60 PRIVATE JET Nationally recognized leader in aircraft management and charter

Retrieved on: 
Friday, February 3, 2023
Aviation, PALM, Bombardier, Alerion Aviation, Learjet 60, Business, Learjet, Aircraft, Airline

WEST PALM BEACH, Fla., Feb. 3, 2023 /PRNewswire/ -- Alerion Aviation, a leading aircraft charter, management, aircraft sales and maintenance company has added Bombardier Learjet 60 to its charter fleet of aircraft.

Key Points: 
  • WEST PALM BEACH, Fla., Feb. 3, 2023 /PRNewswire/ -- Alerion Aviation, a leading aircraft charter, management, aircraft sales and maintenance company has added Bombardier Learjet 60 to its charter fleet of aircraft.
  • Alerion Aviation will offer the aircraft for charter flights.
  • The Bombardier Learjet 60 aircraft provides a sophisticated and efficient aircraft offering spacious seating for 8 passengers with a Divan, free high -speed Wi-Fi, to ensure each journey is a comfortable one.
  • "Alerion Aviation is proud to offer our charter clients this versatile Private Jet" says Bob Seidel, CEO.

Bombardier Breaks Ground on Abu Dhabi Service Centre, Expands Aftermarket Footprint in United Arab Emirates (UAE)

Retrieved on: 
Tuesday, December 6, 2022
Aviation, MRO, Airport, AUH, Abu Dhabi International Airport, Travel, ABU, AOG, Challenger, Social, Maintenance, Abu Dhabi Airports Company, Bombardier Inc., OEM, Aircraft, Commerce, Social Security Government Pension Offset, United Kingdom, Airline, Maintenance (technical), Bombardier, Learjet

Located at Abu Dhabi International Airport, this service facility will be an important hub for Bombardier business aircraft customers in the Middle East

Key Points: 
  • Located at Abu Dhabi International Airport, this service facility will be an important hub for Bombardier business aircraft customers in the Middle East
    Close to 100,000 sq.
  • ft.
    ABU DHABI, United Arab Emirates, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Bombardier today announced the official groundbreaking of its new service centre at Abu Dhabi International Airport (AUH) in Abu Dhabi, United Arab Emirates (UAE).
  • The new facility is targeted to open in 2025 and once fully operational, should help Bombardier continue to expand and grow its aftermarket revenues beyond 2025.
  • Bombardier, Learjet, Challenger, Global, Global 7500 and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

BUTLER NATIONAL CORPORATION ANNOUNCES SECOND QUARTER FISCAL YEAR 2023 FINANCIAL RESULTS AND CONFERENCE CALL

Retrieved on: 
Thursday, December 15, 2022
Security (finance), Certification, Aircraft, Aerospace Education Services Project, Beechcraft King Air, Dassault Falcon 20, Classic, Advertising, Sale, Annual report, Federal Aviation Administration, Professional services, Depreciation, Professional services automation, Growth, Nature, Risk, Engineering, Kansas Lottery, An Act to exempt a particular class of securities from the Securities and Exchange Act, Marketing, Camp Butler National Cemetery, FAA, Acquisition, Airline, Health insurance, Aerospace, Learjet

OLATHE, Kan., Dec. 15, 2022 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for aircraft modification, maintenance, repair and overhaul (MRO) and a recognized provider of gaming management services, announces its financial results for the second quarter fiscal 2023 ended October 31, 2022.  In conjunction with the release, the Company has scheduled a conference call Friday, December 16, 2022 at 10:00 AM Central Standard Time.

Key Points: 
  • Our engineering team resolved the supply chain shortages in Aerospace Products that shifted deliveries from first quarter into early second quarter.
  • Secondquarter fiscal 2023 net income was$2.7million compared to a net income of$3.2million in the secondquarter fiscal 2022.
  • Secondquarter fiscal 2023operating margin was 21%compared to 25%in secondquarter fiscal 2022.
  • Butler National companies, Avcon Industries, Inc., Butler National Tempe, and Butler Avionics,in Aerospace Products concentrate on Learjet, Beechcraft King Air, Cessna turbine engine, Cessna multi-engine piston and Dassault Falcon 20 aircraft.

Bombardier Inaugurates Expanded London Biggin Hill Service Centre, the Largest Business Jet Maintenance Repair and Overhaul (MRO) Facility in the UK

Retrieved on: 
Wednesday, November 30, 2022
MRO, Strategic management, United Kingdom, Aircraft, London Biggin Hill Airport, London, Social, Social Security Government Pension Offset, Airport, Maintenance, OEM, Aviation, Family, Commercial, Services and supports for people with disabilities, Challenger, Bombardier Global 7500, Bombardier Inc., FBO, Airline, Renewable energy, Learjet, Bombardier

With its new, sought-after service capabilities and additional hangar space, Bombardiers gleaming service centre the largest business jet MRO facility in the UK is the perfect oasis for customers of the OEMs growing fleet of business jets.

Key Points: 
  • With its new, sought-after service capabilities and additional hangar space, Bombardiers gleaming service centre the largest business jet MRO facility in the UK is the perfect oasis for customers of the OEMs growing fleet of business jets.
  • Bombardiers London Biggin Hill Service Centre is the largest tenant at the London Biggin Hill Airport, providing customers with complete heavy maintenance capabilities, wheel and battery shops, a component paint shop and much more.
  • Bombardier is also pleased to announce JETEX as its preferred FBO provider at the London Biggin Hill Service Centre.
  • Bombardier, Learjet, Challenger, Global, Global 7500 and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Bombardier’s Engaging 26th Annual Safety Standdown Conference Returns to Wichita to Explore How the Aviation Industry is “Moving Safety Forward”

Retrieved on: 
Monday, November 7, 2022
Online, Aircraft, GLOBE, University, Leadership, School, Webcast, Safety, Knowledge, Safety management system, Element, Professional, Flight operations quality assurance, Social Security Government Pension Offset, FBI, SMS, United Kingdom, Aviation, Culture, Compliance, Climate, Bombardier Inc., State bureau of investigation, CEO, Federal Bureau of Investigation, Industry, Social, Risk management, Airline, Learjet, Bombardier

Online registration for the conference webcast is currently underway, and sessions are open to all aviation professionals regardless of the aircraft type they operate.

Key Points: 
  • Online registration for the conference webcast is currently underway, and sessions are open to all aviation professionals regardless of the aircraft type they operate.
  • This years theme, Moving Safety Forward, focuses on leadership in instilling a culture of safety and asks the question: Are aviation professionals doing enough to move the safety needle forward?
  • Bombardiers Safety Standdown is known for bringing industry experts and thought leaders together for three days to tackle the latest topics and challenges in aviation safety.
  • Admission to Safety Standdown has, throughout the years, remained free to all aviation professionals as part of Bombardiers ongoing contribution to the betterment of the industry.

Bombardier Inaugurates State-of-the-Art Miami Service Centre, Quadrupling Current Hangar Space in Florida, Enhances Services Footprint

Retrieved on: 
Monday, October 31, 2022
Aircraft, OEM, Services and supports for people with disabilities, Avionics, Mechanical, CEO, OPF, Social, GLOBE, Challenger, Social Security Government Pension Offset, Certification, Miami-Opa Locka Executive Airport, Maintenance, Miami-Dade Aviation Department, MRO, Aviation, Commerce, United Kingdom, Strategic management, AOG, Bombardier Inc., Airline, Bombardier, Learjet

The expanded hangar at the service centre is also capable of holding an impressive 18 of Bombardiers Global 7500 aircraft under one roof.

Key Points: 
  • The expanded hangar at the service centre is also capable of holding an impressive 18 of Bombardiers Global 7500 aircraft under one roof.
  • Bombardier is also currently hiring additional maintenance technicians both in Florida and across its entire service network to support its recent expansions.
  • This new service facility also aptly illustrates Bombardiers comprehensive global customer service commitment to provide the best customer service experience in business aviation today.
  • Bombardier, Learjet, Challenger, Global and Global 7500 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Bombardier to Inaugurate State-of-the-Art Miami-Opa Locka Service Centre on Oct. 31, Latest Jewel in Worldwide Services and Support Expansion

Retrieved on: 
Tuesday, October 18, 2022
Aircraft, Services and supports for people with disabilities, Mechanical, OEM, Challenger, Twitter, OPF, Bombardier Inc., Certification, Avionics, Social, MRO, AOG, Miami-Opa Locka Executive Airport, Strategic management, GLOBE, United Kingdom, Maintenance, VIP, Aviation, Social Security Government Pension Offset, Airline, Maintenance (technical), Learjet, Bombardier

The Miami Opa-Locka Service Centre brings essential, specialized services for our customers, enabling us to continue to deliver the service excellence they have come to expect from Bombardier, said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier.

Key Points: 
  • The Miami Opa-Locka Service Centre brings essential, specialized services for our customers, enabling us to continue to deliver the service excellence they have come to expect from Bombardier, said Jean-Christophe Gallagher, Executive Vice President, Services and Support, and Corporate Strategy, Bombardier.
  • Bombardier is also currently hiring additional maintenance technicians across its entire service network to support its recent expansions.
  • The new Miami-Opa Locka Service Centre aptly illustrates Bombardiers comprehensive global customer service commitment to provide the best customer service experience in business aviation today.
  • Bombardier, Learjet, Challenger, Global and Global 8000 are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.