Dubai Aerospace Enterprise (DAE) has reported its financial results for the full-year 2019. DAE reported total revenue of US$1,421.3 million for 2019, compared to US$1,436.6 million in 2018. Profit before tax was US$413.6 million compared to US$428.8 million the previous year. Pre-tax profit margin was 29.1% in 2019, 29.8% in 2018. DAE reported pre-tax return
ForwardKeys, the travel analytics company, has signed an agreement to acquire Traveller Statistics from The NPD Group, a leading global information company. Under the agreement, on May 1, 2020, ForwardKeys will take over direct responsibility for providing information on travellers and on travel trends to former NPD clients in the travel retail niche. Traveller Statistics,
Air Canada has reported adjusted net income of CA$47 million or CA$0.17 per share for the fourth quarter of 2017 against an average predicted quarterly earning of CA$0.38 per share, resulting in a drop of 2.4% in early morning trading of shares. The carrier has been hit hard by increased operating costs of less-efficient aircraft
Bombardier has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging through the sale of its rail business. “Today marks an exciting new chapter for Bombardier. Going forward, we will focus all our capital, energy and resources on accelerating growth and driving margin expansion in our market-leading US$7.0
Norwegian has reported its full-year and fourth-quarter 2019 results. Year on year, unit revenue increased in nine consecutive months, driven by maturing routes and the optimization of Norwegian’s global route network. The punctuality has improved considerably during the past six quarters, and in the fourth quarter 2019 it was up 3.1 points to 82.6%. Figures
Avia Solutions Group (ASG), a global multipurpose aviation services company, has signed an agreement on February 14, to acquire Aviator, a full-range aviation services provider for the Nordic region, from the investment fund Accent Equity 2008 L.P. Offering flexible and cost-effective solutions that meet the demand for high-quality support services of a wide range of
Air Lease Corporation (ALC) has reported financial results for the year and three months ended December 31, 2019. ALC has reported revenues of US$549 million for the three months ended December 31, 2019, an increase of 21.9% and US$2.0 billion for the full year 2019, an increase of 20.1%. Diluted earnings per share was US$1.42
SIA Engineering Company (SIAEC) has entered into a joint venture agreement with Air Innovation Korea (AIK), to form a line maintenance joint venture based in the Republic of Korea. Under the agreement, SIAEC will hold an equity stake of 51% in the joint venture, with AIK taking the remaining 49% stake. The agreement and services
Airbus, the Government of Québec and Bombardier have agreed upon a new ownership structure for the A220 program, whereby Bombardier transferred its remaining shares in Airbus Canada Limited Partnership (Airbus Canada) to Airbus and the Government of Québec. The transaction is effective immediately. This agreement brings the shareholdings in Airbus Canada, responsible for the A220,
Turkey’s AtlasGlobal low-cost airline has finally thrown in the towel and declared bankruptcy after a stop-start period that began on 26 November last year when it temporarily canceled all scheduled flights and stopped all booking of flights while it underwent restructuring. Scheduled flights resumed earlier than anticipated, on December 16, though charter flights using two
