Cargolux Airlines International S.A. has closed a Japanese operating lease with call option (JOLCO) transaction for a Boeing 747-400ERF freighter aircraft. The aircraft financing was arranged by DVB Bank SE, London Branch (DVB) and JP Lease Products & Services Co., Ltd (JP Lease). DVB Bank provided the debt while the equity was arranged and underwritten
Astronics Corporation has reported financial results for the second quarter ended June 29, 2019. Consolidated sales were down 9.4%, or US$19.5 million, including sales of the semiconductor business which was divested in the first quarter of 2019. Excluding the divestiture, adjusted consolidated sales were up 5.4%, or US$9.7 million, demonstrating growth in both the Aerospace
International Consolidated Airlines Group (IAG) has presented Group consolidated results for second quarter and six months to June 30, 2019. Second quarter operating profit was €960 million before exceptional items (2018 pro forma1: €900 million, 2018 statutory: €816 million), Passenger unit revenue for the quarter was up 3.1%, non-fuel unit costs before exceptional items for
Bombardier’s revenues for the quarter were US$4.3 billion. Adjusted EBITDA and adjusted EBIT for the quarter were US$312 million and US$206 million respectively, mainly driven by a 7.0% adjusted EBIT margin at Business Aircraft while Transportation recorded a 5.1% adjusted EBIT margin. Transportation’s lower margin reflects additional cost pressure mainly on its large, complex legacy
Spirit’s second quarter 2019 revenue was US$2.0 billion, up from the same period of 2018. This increase was primarily driven by higher production volumes on the Boeing 777 and 787 programs, favorable model mix on the Boeing 737 program and higher revenue recognized on the Boeing 787 program. Second quarter net income was US$168 million
Alcoa Corporation has completed a transaction with private equity investment firm PARTER Capital Group, based in Schindellegi, Switzerland, to acquire Alcoa’s Spanish subsidiaries that own and operate the Avilés and La Coruña aluminum plants in Spain. The acquisition, effective immediately, includes the casthouses at both plants and the paste plant at La Coruña, which are
Airbus has reported that commercial aircraft orders totalled 213 (H1 2018: 261 aircraft) with net orders of 88 aircraft (H1 2018: 206 aircraft). The order book stood at 7,276 commercial aircraft as of June 30, 2019. Net helicopter orders of 123 units (H1 2018: 143 units) included 23 NH90s for Spain and 11 H145s in
Air Canada has reported second quarter 2019 EBITDA of CA$916 million compared to second quarter 2018 EBITDA of CA$739 million. The airline reported second quarter 2019 operating income of CA$422 million compared to second quarter 2018 operating income of CA$308 million. Adjusted net income was CA$240 million in the second quarter of 2019 compared to
Announcing a 25% drop in adjusted EBIT earnings to €754 million for the second quarter and net profit plummeting 70% to €226 million, Lufthansa’s share price fell 5.5% by 0850 GMT, July 30, having already fallen by almost a third over the last year. Aside from a €200 million tax provision hitting profits hard, the
Ryanair has reported a 21% year-on-year drop in post-tax profit at €243 million (US$270.36 million) for the three-month period up to June 30. While the carrier is not adjusting its end-of-year profit forecast of between €750 million and €950 million (US$832 million and US$1054 million), fares have fallen by 6% when compared to the same
