With 94.77% of shareholders voting in favour of the sale of Transat to Air Canada at a special meeting, the future of the deal now rests firmly in the hands of regulators. The bid of CA$720 million equates to a figure of CA$17.00 per share for Transat, while the company’s share price dropped 3 percent
Fly Leasing Limited (FLY), a global leader in aircraft leasing, has released its financial results for the second quarter of 2019. FLY is reporting net income of US$54.1 million for the second quarter of 2019, this compares to net income of $24.3 million for the same period in 2018. Adjusted Net Income was US$61.9 million
The Qantas Group has achieved an underlying profit before tax of AU$1.30 billion and a statutory profit before tax of AU$1.27 billion for the financial year 2019.uWhile the Underlying result was 17% lower compared with the Group’s record profit in FY18, it was impacted by an AU$614 million increase in fuel costs from higher oil
Air Astana, the flag carrier of Kazakhstan, achieved an improved financial performance during the first half of 2019. Whilst revenue was marginally down, the Company reported an operating profit of US$6.8 million, with EBITDAR up 49% at US$50.0 million, despite a challenging global economic backdrop. The Company continued to demonstrate its strong cost control, improving
Transat A.T. has repeated its recommendation that shareholders should support a takeover offer for the company by Air Canada, following Pierre Karl Peladeau’s hint that he may make an offer. Peladeau is a Canadian businessman and former politician. The travel company stated that it has never received an offer from Peladeau nor from any of
Contrail Aviation Support, a commercial aircraft trading, leasing and parts solutions provider worldwide, was recognized as the primary driver of its parent company’s commercial aircraft, engines and parts business segment revenue of US$94 million in fiscal year 2019. According to its recent 10K filing , Air T Commercial Aircraft, Engines and Parts Segment, contributed US$94
The loss-making carrier Norwegian Air has agreed to sell its 17.5% stake in Norwegian Finans Holding (NOFI) for 2.2 billion kroner, a move which saw its share price jump 5.8%. The stake is being sold to Cidron Xingu Limited, which is indirectly controlled by Nordic Capital Fund IX and Sampo, a leading Finnish financial services
thyssenkrupp Materials Services, the distribution and service provider of the thyssenkrupp Group, is investing around €70 million in the modernization and expansion of its European warehousing and logistics network. A state-of-the-art logistics center and new warehouses are to be built in Germany, Poland and Hungary. The investments are an important part of thyssenkrupp Materials Services’
BOC Aviation has released its unaudited results for the six months ended June 30, 2019. The company has achieved a major milestone in June 2019 as its cumulative net profit after tax (NPAT) exceeded US$4 billion since inception. BOC Aviation reported NPAT of US$321 million in the first half of 2019, an increase of 8%
Landing gear manufacturer Héroux-Devtek, has reported strong financial results for the first quarter ended June 30, 2019. Consolidated sales grew 67.2% to CA$143.4 million, up from CA$85.8 million in the same period last year. CA$44.6 million of this increase was driven by the CESA and Beaver acquisitions while the growth of Héroux-Devtek legacy sales contributed
