Calgary, Canada-based WestJet (TSX: WJA) has announced full-year 2016 net earnings of USD 295.5 million, or USD 2.45 per diluted share, compared to record net earnings of USD 367.5 million, or USD 2.92 per diluted share reported in the full-year 2015, the airline said.
The airline achieved its 47th consecutive quarter of profitability, reporting fourth quarter net earnings of USD 55.2 million, or USD 0.47 per diluted share compared to USD 63.4 million, or USD 0.51 per diluted share reported in the fourth quarter of 2015.
For the full-year and in each quarter of 2016 the airline flew a record number of guests. Based on the trailing twelve months, the airline recorded a return on invested capital of 11.3 per cent, down 0.3 percentage points from the 11.6 per cent reported in the previous quarter.
The WestJet board of directors declared a cash dividend of USD 0.14 per common voting share and variable voting share for the first quarter of 2017, to be paid on March 31, 2017, to shareholders of record on March 15, 2017.
WestJet Airlines provides scheduled airline services and travel packages. As of December 31, 2015, it operated a fleet of 114 Boeing 737 Next Generation aircraft, 24 Bombardier Q400 aircraft, and 2 Boeing 767-300ERW aircraft for approximately 100 destinations in North America, Central America, the Caribbean, and Europe.
South Africa-based telecommunications services provider Broadband Infraco will use the optical networking solutions provider Coriant´s mTera Universal Transport Platform to modernize and enhance its nationwide fiber optic backbone network, Coriant said.
The Coriant solution, which includes state-of-the-art OTN switching and sophisticated end-to-end network management, will enable Broadband Infraco to cost-effectively meet increasing customer demand for high-capacity services while enhancing network scalability, efficiency, and reliability.
To maximize utilization of its fiber assets and expand its suite of wholesale services, Broadband Infraco will deploy the mTera UTP in major PoPs throughout its nationwide network beginning in Q1 2017.
The mTera UTP is a flexible multiservice transport solution that supports software-defined Universal Switching, including OTN, Carrier Ethernet, MPLS-TP, and SONET/SDH in a single, power-efficient system architecture.
Coriant delivers innovative and dynamic networking solutions. It serves network operators around the world, including mobile and fixed line service providers, cloud and data center operators, Web 2.0 content providers, cable MSOs, government agencies, and large enterprises.
Fareportal, the travel technology company powering CheapOair and OneTravel, has entered into a new and extended distribution agreement with global travel technology company and long-time partner, Amadeus, the company said.
Under the new agreement, the two companies have renewed their long-standing partnership whereby Amadeus has served as Fareportal´s global distribution provider in the US, Canada, Mexico, and the UK. Now the partnership scope has been extended to empower Fareportal´s vision and plans for global expansion, providing it with access to over 40 countries across Europe, Asia-Pacific and Latin America.
Amadeus provides a wide array of services to Fareportal from distribution of air, hotel and car content to merchandising solutions for selling ancillary services and fare families to leading search and shopping technology.
Fareportal is a travel technology company that provides access to over 450 airlines, 150,000 hotels, and hundreds of car rental companies that serve millions of customers every year globally.
Amadeus is a provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies). The company employs around 14,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as over 70 local Amadeus commercial organizations globally and a presence in more than 190 countries.
UK-based tier-1 business enterprise provider JT has partnered with US-based communications platform provider Tango Networks to help strengthen its international footing, the company said.
Tango has built a product known as JT Mobile Bridge, which, when launched, can be retro-fitted to the majority of installed on-premise PBX systems and offers regulatory compliant mobile recording capability and CRM integration, in addition to standard Unified Communications (UC) features.
Tango Networks, Inc. provides mobile business continuity solutions to service providers and enterprises. The company serves healthcare and financial services industries in the United States and Canada. It was incorporated in 2005 and is headquartered in Frisco, Texas.
JT is a full-service Tier-1 global consumer and business enterprise provider with a 122-year heritage. Across 11 global locations, JT employs over 600 staff providing products and services to over 1m global consumer subscribers and 2,177 active business customers.
Embark Aviation has announced a partnership with Anchorage, Alaska based PenAir to manage and develop co-operative marketing programs to support PenAir´s growing West Coast network, the company said.
Embark will work closely with airports, communities, and other regional partners to build co-operative advertising and promotional programs to support PenAir´s growing Lower 48 Network.
PenAir operates from three primary hubs in the Lower 48. Its Portland, Oregon hub serves Klamath Falls, Oregon; North Bend/Coos Bay, Oregon; Eureka/Arcata, California; Crescent City, California; and Redding, California. The hub in Denver serves Scottsbluff, Nebraska; Kearney, Nebraska; North Platte, Nebraska; Liberal, Kansas; and Dodge City, Kansas. The company´s third, and first “lower 48”, operational hub in Boston, Massachustts serves Presque Isle, Maine; Plattsburgh, New York, and Bar Harbor Maine.
With offices Washington D.C. and Seattle, Washington, Embark Aviation is an airline planning and strategy firm that specializes in the management of commercial functions for regional and boutique airlines. This includes airline revenue management, scheduling, route planning, financial planning, marketing strategy, and market development.
Con J. Franke Electric Inc. has upgraded its T1 communications lines to a 20 Mbps Ethernet Dedicated Internet service from Comcast, the company said.
The electric company is also using Comcast Business VoiceEdge, a cloud-based voice and unified communications (UC) solution, as well as Comcast Business Internet for redundancy and guest Wi-Fi.
Comcast Business offers Ethernet, Internet, Wi-Fi, Voice, TV and Managed Enterprise Solutions to help organizations of all sizes transform their business.
Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company.
Established in 1925 as “Commercial Electric,” Con J. Franke has grown to provide electrical services for a broad range of organizations, from water/wastewater treatment and industrial facilities, to marinas, hospitals and academic institutions.
Israel Aerospace Industries (IAI) has installed Votiro´s Secure Gateway solution powered by patented Advanced Content Disarm and Reconstruction technology, the exploit neutralization company said.
The solution includes Votiro´s Removable Media Gateway and Votiro´s Secure File Transfer Gateway. The technology will neutralize cyberattacks on IAI, preventing its classified and sensitive information from getting into the hands of hackers.
Votiro´s patented technology scans each file and removes all exploits, protecting users from undisclosed and zero-day threats. The sanitized files preserve the integrity and functionality of the original files, then continue on to the internal network. The sanitization process is invisible to users, done in real time, and does not disrupt business activity.
Israel Aerospace Industries is in the development and production of systems for defense and commercial aeronautical markets.
Votiro provides organizations with protection against undisclosed and zero-day exploits utilized in cyber-attacks. Founded in 2010, the company is headquartered in Israel with sales offices in the United States and Singapore. Customers include banks and other financial institutions, government agencies, energy and utilities companies, telecommunications service providers, health, retail and large enterprises.
Straight Path Communications Inc. (NYSE MKT: STRP) has secured USD 17.5m in new debt financing, the company said.
The all-new funding comes from a syndicate of investors, led by affiliates of long-term shareholder Clutterbuck Capital Management LLC.
The loan is senior secured and the lenders have initially received approximately 252,000 warrants with a strike price at USD 34.70, as part of the financing package.
Straight Path (NYSE MKT: STRP) holds a portfolio of 39 GHz and 28 GHz wireless spectrum licenses. It is developing next generation wireless technology through its Straight Path Ventures subsidiary.
Optical fiber networking solutions provider PacketLight Networks has partnered with Avelacom to build out its high speed network from London to Moscow with PacketLight´s optical transport solutions, the company said.
Europe-based Avelacom leveraged PacketLight hardware to reduce network latency.
Avelacom selected PacketLight´s PL-1000GT muxponder/transponder solution, as well as the PL-1000IL, to meet the aggressive demands of building a 100G low latency DWDM long-haul network stretching 1100 km with full add/drop capability at all major sites. Its carrier-grade solution provided the necessary throughput rate of 100G in a compact, easy-to-configure 1U box, with full optical transport network (OTN) integration and remote management and troubleshooting capabilities.
PacketLight Networks offers a suite of Leading 1U Metro and Long Haul CWDM/DWDM and OTN solutions, as well as Layer 1 optical encryption for transport of data, voice and video applications, over dark fiber and WDM networks.
Avelacom specialises in low latency connectivity and IT-setup solutions. The company was founded in 2001. Today its network stretches more than 30,000 miles of long-haul fibre routes across Europe, Russia, Asia, North America, South Africa and Australia. The offices are located in Moscow and London.
UK air traffic control provider NATS has selected the R&S VCS-4G IP-based voice communications system from Rohde & Schwarz as its second voice system for its air traffic control (ATC) communications in UK airspace, the communications company said.
Within the framework of the Single European Sky (SES) initiative, NATS will modernize its entire air traffic management infrastructure over the next few years.
Rohde & Schwarz will begin the implementation of the second voice system in 2017. It will provide enhanced resilience for voice based radio communications in UK airspace. The air traffic control centers in Swanwick and Prestwick as well as the NATS corporate and technical centre in Whiteley will all be equipped in a phased deployment that will be completed by 2020.
The order includes the delivery, implementation and through-life support of more than 450 R&S VCS-4G controller working positions (CWP). Up to 1700 radios and various ground-ground lines will be connected to the system.
Rohde & Schwarz fully VoIP-based R&S VCS-4G featuring a distributed, redundant architecture meets increased demand for flexible, load-based reallocation of resources while ensuring efficient and sustainable air traffic control in line with the highest safety standards.