The SIA Group has reported a solid operating profit of S$1,067 million for the 2018/19 financial year amid a challenging market environment, with Transformation initiatives contributing to a record revenue performance. Although a decline from last year’s operating profit of S$1,549 million (S$482 million lower or -31.1%), the Group’s underlying performance was strong against the
A combination of the delivery of fewer planes and a surge in spending ahead of the deal which will see Boeing take an 80 per cent stake in the commercial jets arm of the Brazilian planemaker has resulted in Embraer posting a US$42.5 million loss for the first quarter, 2019. Revenue fell 26 percent to
AeroCentury, an independent aircraft leasing company, has reported a first quarter net loss of US$1.3 million, compared to net income US$0.3 million for the first quarter of 2018. First quarter 2019 results reflect the combined operations of AeroCentury and its subsidiary, JetFleet Holding (JetFleet), which was acquired on October 1, 2018. EBITDA was US$4.4 million
Onex Partners, the private equity platform of Toronto-based Onex Corporation, will lead the investment buyout of Canada’s second-largest commercial carrier WestJet for an agreed figure of CA$3.5 billion, plus a further CA$1.5 billion in assumed debt. The announcement today comes two months after Onex first approached the board of WestJet in March. Onex will pay
SIAEC Group has posted full year 2018-19 results. Revenue was S$1,020.9 million, a decrease of S$74.0 million or 6.8%, mainly due to a decline in airframe and fleet management revenue. Expenditure at S$964.1 million was lower by S$52.0 million or 5.1%, largely due to a reduction in material and subcontract costs in line with the
Viva Air Group has released that it archived an important milestone in its further growth and expansion plans through an equity investment of US$ 50 million from Cartesian Capital Group into Viva Air. This innovative financing arrangement will support Viva’s pending deliveries of Airbus A320 aircraft and the Group’s continued growth in Colombia, Peru and
Air Transport Services Group, a leading provider of medium wide-body aircraft leasing, contracted air transportation and related services, has reported consolidated financial results for the quarter ended March 31, 2019. Results as compared with the first quarter of 2018 include: Customer revenues were US$348.2 million, up US$145.1 million, or 71%.Omni Air International, acquired in November
Leonardo has released that at the end of the first quarter new orders amounted to €2,518 million and showed, compared to the first three months of 2018 (€ 2,164 million), an increase of 16.4%, mainly due to Defence Electronics & Security. Order Backlog, amounted to €36,575 million, increasing 9.6% compared to €33,360 million in 2018
As part of its continued growth strategy, Germany’s largest commercial airline, Lufthansa, has made a non binding offer for U.K. travel giant Thomas Cook’s offshoot carrier Condor. According to a Lufthansa spokesperson: “We have made a non-binding offer for Condor, with the option of extending it to all Thomas Cook airlines.” Thomas Cook has been
Willis Lease Finance Corporation has reported pre-tax profit of US$27.8 million and total revenues of US$103.8 million in the first quarter of 2019. The Company’s first quarter 2019 pre-tax results were driven by continued revenue growth in the core leasing business, an increase in trading activity and continuing spare parts sales. Aggregate lease rent and
